The wireless communication equipment industry in Latin America focuses on the development, distribution, and implementation of technologies that enable wireless communication. Various companies, from startups to established corporations, create products ranging from cellular equipment to IoT devices. This sector is rapidly evolving, driven by increased demand for connectivity and advancements in technology. Companies are exploring innovative solutions to improve network efficiency and extend coverage. Notably, the region is witnessing an upsurge in venture capital investments, ensuring a robust growth trajectory. As digital transformation accelerates, the industry is poised for substantial expansion, fostering advancements that enhance connectivity across communities.


The listed investors represent a mix of venture capital firms and corporate players, primarily based in Brazil and Mexico. Founded between 2004 and 2022, their sizes vary from small teams to large organizations with hundreds of employees. In 2024 alone, these investors engaged in a remarkable 108 deals, spanning across the wireless communication equipment sector. Prominent firms like Mindset Ventures and América Móvil are included, highlighting the vibrant investment climate aimed at nurturing innovations in technology and connectivity solutions throughout Latin America.


Top 13 Wireless Communication Equipment Investors in Latin America


1. bossa invest

  • Website: bossainvest.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 56
  • LinkedIn: bossainvest

Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in investing in innovative startups, particularly in the technology sector, providing capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been actively involved in various funding rounds, including notable transactions in the wireless communication space. For instance, they participated in funding rounds for Plume Design, a company recognized for its advancements in Smart Home Services and wireless communication technologies. Their investment in Mesh++, a company that focuses on enhancing wireless connectivity, further emphasizes their commitment to the wireless communication equipment industry. Bossa Invest also aims to empower entrepreneurs and foster growth in the startup ecosystem, making them a significant player in the venture capital landscape.


2. Mindset Ventures

  • Website: mindset.ventures
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 7
  • LinkedIn: mindset-ventures

Mindset Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in early-stage technology investments and provides capital and strategic support to startups across various sectors, including financial services and healthcare. Notably, Mindset Ventures has participated in significant transactions within the wireless communication equipment context, such as their involvement in Hologram, a Chicago-based cellular connectivity platform for IoT devices, which raised $65 million in Series B funding. Additionally, they were part of the investment round for Xyte, which secured $30 million, indicating their commitment to supporting innovative technologies in the wireless communication space. Mindset Ventures focuses on helping companies grow by offering business development assistance, mentorship, and access to valuable networks, making them a supportive partner for startups in the wireless communication sector.


3. Brasil TecPar


Brasil TecPar is a telecommunications and technology service provider based in Sao Paulo, Brazil, founded in 1996. The company specializes in delivering internet connectivity and technology solutions to both consumers and businesses, with a strong focus on enhancing connectivity across Brazil. In 2024, Brasil TecPar has been actively expanding its portfolio through several acquisitions in the telecommunications sector, including Nova Rede de Telecomunicações, Sempre Internet, and Acessoline Telecomunicações. These transactions reflect their commitment to strengthening their service offerings and expanding their market presence, particularly in the wireless communication space.


4. Avalancha Ventures


Avalancha Ventures is a venture capital firm based in Mexico City, Mexico, founded in 2015. The firm specializes in investing in early-stage companies that leverage technology to disrupt their respective markets. They provide funding and support to startups, helping them grow and establish themselves. Notably, Avalancha Ventures has invested in Bridgefy, a company that raised $1,400,000 in a seed round in October 2023 and is recognized for its innovative wireless communication solutions. Additionally, they have a history of supporting other startups like Chargy and Balcony Labs, although these may not be directly related to wireless communication. Their focus on innovative solutions that improve quality of life aligns with their investments in technology-driven companies.


5. Invest Tech Brazil

  • Website: investtech.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: invest-tech-brazil

Invest Tech Brazil is a venture capital and private equity investment management firm based in Sao Paulo, Brazil, founded in 2004. The firm specializes in supporting innovative companies by providing funding and enhancing their operational and governance structures. Invest Tech Brazil has a diverse investment strategy that targets technology-driven businesses across various sectors, contributing to the growth and development of the Brazilian market. Notably, they have been involved in several funding rounds for America Net, a telecommunications company, raising significant amounts such as $39,320,693 in 2019 and $8,702,463 in 2021. These transactions highlight their engagement in the wireless communication sector, alongside other investments like Navita, which further demonstrates their commitment to technology-driven enterprises.


6. Red Cat

  • Website: redcatholdings.com
  • Type: Corporate
  • Headquarters: San Juan, San Juan, Puerto Rico
  • Founded year: 2016
  • Headcount: 51-200
  • Number of deals in 2024: 2
  • LinkedIn: red-cat

Red Cat Holdings is a defense technology provider based in San Juan, Puerto Rico, specializing in unmanned aerial systems (UAS). Founded in 2016, the company has made significant strides in the drone industry, particularly through its acquisitions of key players in the market. Notably, Red Cat acquired Teal Drones, a leader in unmanned aerial vehicle technology, which enhances their offerings in both consumer and enterprise drones, including military-approved models. This acquisition allows Red Cat to provide advanced drone solutions that are critical for military and law enforcement applications. Additionally, Red Cat's acquisition of Fat Shark, a leading provider of FPV (First Person View) headsets, further strengthens their position in the drone ecosystem, as these headsets are essential for real-time video transmission and control in drone operations. Recently, Red Cat signed a letter of intent to acquire FlightWave Aerospace Systems, a drone manufacturer, which will further expand their capabilities in the unmanned aerial systems market. Through these strategic transactions, Red Cat is positioning itself as a key player in the intersection of drone technology and wireless communication.


7. Monashees

  • Website: monashees.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: monashees-capital

Monashees is a venture capital firm based in Sao Paulo, Brazil, founded in 2005. The firm specializes in investing in technology-based companies across Latin America, providing not only funding but also support in areas such as talent acquisition and fundraising. Among their notable transactions, Monashees participated in the Series A and Series B funding rounds for OXIO, a telecom-as-a-service platform that aims to expand its network in Mexico, the U.S., and Brazil. This investment highlights Monashees' engagement in the wireless communication sector. Additionally, they have invested in Rocket.Chat, a communication platform, which further emphasizes their involvement in technology that supports communication solutions. Overall, Monashees is positioned as a significant player in the venture capital landscape, particularly in sectors that intersect with wireless communication.


8. Proeza Ventures

  • Website: proezaventures.com
  • Type: Venture Capital
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: proezaventures

Proeza Ventures is a venture capital firm based in Monterrey, Nuevo Leon, Mexico, founded in 2019. The firm specializes in early-stage investments within the mobility sector, aiming to partner with visionary founders to create sustainable and efficient mobility solutions. Notably, Proeza Ventures has participated in several transactions, including a significant investment in Lunewave, which manufactures specialized, 3D-printed Luneburg lens antennae and radar systems. This investment highlights their engagement in the wireless communication equipment space. Additionally, they have invested in Joyride, a micro-mobility software startup, which, while not directly related to wireless communication equipment, showcases their broader interest in innovative mobility solutions. Overall, Proeza Ventures is positioned as a forward-thinking investor in the mobility sector with relevant ties to wireless communication technology.


9. Norte Ventures

  • Website: norte.ventures
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 11
  • LinkedIn: norteventures

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm focuses on empowering startups and fostering innovation in the Brazilian technology sector. They provide resources, consulting services, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Notably, Norte Ventures participated in a significant investment in Nomo, a digital mobile operator, which received approximately R$14 million in funding. This investment highlights Norte Ventures' engagement in the wireless communication equipment industry. Additionally, they have been involved in other technology-focused investments, such as Gabriel, an AI startup, and Jungle, a Web3 game studio, showcasing their diverse portfolio while still maintaining a connection to the technology sector.


10. Alexia Ventures

  • Website: alexia.vc
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: alexia-vc

Alexia Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm focuses on early-stage investments in technology-driven startups across Latin America, emphasizing disruptive business models in sectors such as software, AI, and blockchain. Notably, Alexia Ventures has participated in significant transactions, including a US$ 3 million investment in IBBX, a Brazilian startup specializing in wireless energy technology, which aligns with the wireless communication equipment industry. Additionally, they led a US$ 10 million series A bridge round for Rocket.Chat, an open-source chat platform, which is relevant to communication technologies. Their diverse portfolio and network-driven approach to investment highlight their commitment to supporting innovative companies in various tech sectors.


11. América Móvil

  • Website: americamovil.com
  • Type: Corporate
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 2000
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: am-rica-m-vil

América Móvil, S.A.B. de C.V. is a prominent telecommunications company based in Mexico City, Mexico, founded in 2000. With over 10,000 employees, the company is a major player in the Latin American telecommunications market, offering a variety of services that encompass both wireless and fixed-line telecommunications. América Móvil is dedicated to enhancing connectivity and customer experience through advanced communication solutions. Notably, they have been involved in significant transactions, including the acquisition of Smartcom in 2005, which aligns with their strategy to strengthen their wireless communication capabilities. This acquisition reflects their commitment to expanding their service offerings and improving their technological infrastructure in the wireless sector.


12. Vinci Compass Brasil

  • Website: vincipartners.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2009
  • Headcount: 501-1000
  • Number of deals in 2024: 3
  • LinkedIn: vincipartners

Vinci Compass Brasil is a private equity investment management firm based in Rio de Janeiro, Brazil, founded in 2009. The firm specializes in a diverse range of financial services, including Private Equity, Infrastructure, Real Estate, and Corporate Advisory. Vinci Partners serves institutional investors and high-net-worth individuals, helping them navigate investment opportunities and optimize their portfolios for growth. Notably, Vinci Compass Brasil has made significant investments in the telecommunications sector, including the acquisition of Vero Internet in May 2019, which enhances their portfolio in the wireless communication space. Additionally, they participated in a funding round for Arklok Informatica Equipment in November 2022, further indicating their engagement with technology and equipment sectors that may relate to wireless communication.


13. Citrino Ventures

  • Website: citrino.vc
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: citrinovc

Citrino Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2022. The firm invests in startups across a diverse range of sectors, including Big Data, HR, and Fintech, providing essential support to entrepreneurs by connecting them with market experts, potential clients, and investors to facilitate growth and operational efficiency. Notably, Citrino Ventures participated in a significant investment round for IBBX, a Brazilian startup focused on wireless energy technology, which highlights their engagement in the wireless communication equipment sector. This investment reflects their interest in innovative technologies that align with sustainable development goals, further showcasing their commitment to supporting advancements in the wireless technology landscape.



Wireless Communication Equipment Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Mindset VenturesSao Paulo, Sao Paulo, Brazil1-1020167
Brasil TecParSao Paulo, Sao Paulo, Brazil1001-500019967
Avalancha VenturesMexico City, Mexico City, Mexico1-1020155
Invest Tech BrazilSao Paulo, Sao Paulo, Brazil11-5020041
Red CatSan Juan, San Juan, Puerto Rico51-20020162
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Proeza VenturesMonterrey, Nuevo Leon, Mexico1-1020196
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
Alexia VenturesSao Paulo, Sao Paulo, Brazil1-1020195
América MóvilMexico City, Mexico City, Mexico10001+20001
Vinci Compass BrasilRio De Janeiro, Rio De Janeiro, Brazil501-100020093
Citrino VenturesSao Paulo, Sao Paulo, Brazil1-1020223


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