The smart home devices industry in Latin America is expanding rapidly, fueled by technological advancements and changing consumer behaviors. Companies offer a range of products, including smart lighting, security systems, and energy management tools, aimed at enhancing comfort and convenience at home. International players and local startups alike are innovating with integrated solutions that promote efficiency and sustainability. Recent market trends indicate a growing interest in connected devices, driven by the increasing penetration of the Internet of Things. As consumer awareness rises and demand for smart home innovations escalates, the industry is positioned for significant growth in the coming years.

The investors listed in this article include a mix of venture capital firms, corporate investors, and private equity entities, primarily based in Brazil, Mexico, and Argentina. These investors range in size from small firms with minimal staff to larger corporate entities. Many were founded in the last decade, reflecting the industry's recent emergence, while their 2024 investment activities showcase active engagement in the smart home devices sector. Collectively, these investors have participated in numerous funding rounds, underscoring their commitment to fostering innovation within this thriving market.

Top 14 Smart Home Devices 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 within the technology sector. Bossa Invest supports startups by providing capital, strategic guidance, and access to a network of co-investors. They also offer educational resources for investors and entrepreneurs, fostering growth in the startup ecosystem. Notably, Bossa Invest has been involved in several transactions relevant to the smart home devices industry, including Houseasy, which raised $122,289 in a Seed Round for home automation solutions, and Deep Sentinel, which raised significant funding for smart security technology. These investments highlight Bossa Invest's commitment to supporting advancements in smart home technology.

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 funding rounds for companies like Xyte, which raised $30 million in Series A funding in January 2024, and has been involved in earlier seed rounds for the same company. Additionally, they invested in SAM Seamless Network, which raised $3.5 million in a seed round in 2018, and Hologram, a cellular connectivity platform for IoT devices, which raised $65 million in Series B funding in 2021. These transactions highlight Mindset Ventures' engagement in the smart home devices ecosystem, particularly through their support of companies that enhance connectivity and security for smart devices.

3. Canary

• Website: canary.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 23
• LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Notably, Canary participated in the Series A funding round for Gabriel, a startup focused on technology and security, which raised $12 million to build a safety surveillance camera network. This investment highlights Canary's engagement in the smart home devices sector, particularly in enhancing home security through innovative technology. Additionally, Canary has been involved in various other transactions, but its connection to Gabriel is particularly significant in the context of smart home devices.

4. 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 specializes in providing resources and support for startups in the technology sector, offering consulting services, educational materials, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Norte Ventures has been active in the Brazilian market, focusing on fostering innovation. Notably, they participated in the Series A funding round for Gabriel, a technology and security-focused AI startup that raised $12 million to develop a safety surveillance camera network, which is directly relevant to smart home devices. Additionally, their involvement in other technology startups indicates a broader interest in the tech landscape, which may include smart home innovations.

5. EREN do Brasil

• Website: eren-groupe.com
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2013
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn: eren-do-brasil

EREN do Brasil, part of Groupe Eren, is an energy solutions provider based in Sao Paulo, Brazil, specializing in renewable energy production, energy efficiency technologies, and energy storage solutions. Founded in 2013, the company aims to help businesses and organizations reduce their carbon footprint and optimize energy consumption. Notably, EREN do Brasil has made significant strides in the smart home devices context through its acquisition of Delta Dore EMS, a company focused on smart building management, enhancing EREN's capabilities in energy optimization for buildings. Additionally, EREN has invested in BeeBryte, which raised over $8 million in Series C funding, and Air2O, which secured $14.1 million in a corporate round, both of which are relevant to energy efficiency and smart technologies. Furthermore, EREN's stake in Accenta, a company providing decarbonization solutions for buildings, underscores its commitment to innovative technologies that support sustainable energy solutions.

6. Angel Ventures

• Website: angelventures.vc
• Type: Venture Capital
• Headquarters: Mexico
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: angel-ventures-mexico

Angel Ventures is a venture capital firm founded in 2008, based in Mexico, that specializes in investing in early-stage technology companies across Latin America. The firm provides funding, mentorship, and resources to help startups grow and succeed in various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has participated in funding rounds for companies like Citysense, a Chilean IoT startup that raised $1.7M to expand into Mexico, highlighting their interest in the Internet of Things and smart home technologies. Additionally, they have been involved in other transactions such as Algramo and Scape Mexico, which, while not directly related to smart home devices, demonstrate their active engagement in innovative sectors. Angel Ventures also offers educational programs for new investors and supports market entry for companies looking to expand into Mexico, further solidifying their role in the investment landscape.

7. Mercadolibre.com

• Website: mercadolibre.com
• Type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 1999
• Headcount: 1001-5000
• Number of deals in 2024: 3
• LinkedIn: mercadolibre-com

Mercado Libre is an e-commerce platform based in Buenos Aires, Argentina, founded in 1999. It facilitates online buying and selling across various product categories, including electronics, clothing, and home goods. The company has made several strategic acquisitions and investments that highlight its interest in technology and innovation. Notably, it acquired AXADO Informação e Tecnologia and Machinalis, both of which enhance its technological capabilities. Additionally, MercadoLibre's investment in Intuitivo AI, a startup focused on smart refrigerators and vending machines, showcases its commitment to the smart home devices sector. This investment aims to expand the deployment of smart appliances, indicating a forward-thinking approach to integrating technology into consumer products.

8. LIP Ventures Boutique

• Website: lip.lat
• Type: Corporate
• Headquarters: Cuajimalpa, Mexico City, Mexico
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: lip-ventures-boutique

LIP Ventures Boutique is a corporate venture capital firm based in Cuajimalpa, Mexico City, founded in 2019. The firm specializes in providing funding and business development services to technology startups in Latin America. They support entrepreneurs by offering market access and professional consulting, while also connecting investors with high-potential investment opportunities in the tech sector. Notable transactions include their investment in Tovala, a company that raised funds for smart cooking solutions, and WINT, which focuses on AI- and IoT-driven water management solutions. These investments reflect LIP Ventures Boutique's engagement with innovative technologies that could relate to smart home devices, positioning them as a potential player in this market.

9. Magma Partners

• Website: magmapartners.com
• Type: Venture Capital
• Headquarters: Providencia, Santiago, Chile
• Founded year: 2014
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn: magma-partners

Magma Partners is a venture capital firm based in Providencia, Santiago, Chile, founded in 2014. The firm specializes in investing in early-stage startups across Latin America, providing both funding and advisory services to entrepreneurs. With a portfolio of over 125 companies, Magma Partners aims to address significant regional challenges and support scalable technology businesses. Notably, they have invested in Neivor, a company that develops applications for residential complexes, which aligns with the smart home devices sector. Other investments include PleIQ, Somos, and Jooycar, although these are less directly related to smart home technology. Their diverse investment strategy indicates a willingness to explore various sectors, including those relevant to smart home devices.

10. Simma Capital

• Website: simmacapital.com
• Type: Venture Capital
• Headquarters: Bogota, Bogota, Colombia
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn: simma-capital

SIMMA Capital is a venture capital firm based in Bogota, Colombia, founded in 2019. The firm focuses on empowering early-stage startups in Latin America by providing capital, business connections, and knowledge support. Their investment strategy spans various sectors, including technology and sustainability, aiming to reshape the future of businesses in the region. Notably, they have participated in transactions such as Gabriel, a technology and security-focused AI startup that raised US$12 million in Series A funding to build a safety surveillance camera network, which is directly relevant to the smart home devices market. Additionally, their involvement in other technology ventures suggests a broader interest in innovative solutions that could intersect with smart home technologies.

11. initial.vc

• Website: initial.vc
• Type: Venture Capital
• Headquarters: Brazil
• Founded year: 2011
• Headcount: 1-10
• LinkedIn: initial.vc

Initial.vc is a venture capital firm founded in 2011, specializing in early-stage investments in startups located in Israel and Brazil. The firm provides not only financial backing but also strategic support in areas such as business development and public relations. Their focus is primarily on technology and e-commerce sectors, helping entrepreneurs navigate the challenges of launching and scaling their businesses. Notably, Initial.vc was involved in the seed round for Evoz, a company that may have applications in the smart home space, and they participated in a Series A round for Pitzi, which, while primarily a technology company, could also relate to smart home solutions. This involvement in technology-oriented startups positions Initial.vc as a potential player in the smart home devices market, even if their direct investments in this specific sector are not clearly defined.

12. Crp

• Website: crp.com.br
• Type: Corporate
• Headquarters: Porto Alegre, Rio Grande Do Sul, Brazil
• Founded year: 1981
• Headcount: 11-50
• LinkedIn: crp

CRP Companhia de Participações is a corporate investment firm based in Porto Alegre, Rio Grande Do Sul, Brazil, founded in 1981. With over 35 years of experience, CRP specializes in private equity and venture capital, focusing on providing capital and strategic support to small and medium-sized enterprises, as well as larger companies seeking growth. Their portfolio spans diverse sectors, enhancing governance and management practices within their invested companies. Notably, CRP was involved in the Series A funding of Sensorweb in April 2018, a company that likely operates in the smart home or IoT sector, indicating their interest in technology relevant to smart home devices. Additionally, they have participated in investments in companies like Digilab and Daiken Elevators, showcasing their broad investment strategy while still maintaining a foothold in technology-related ventures.

13. Opus Investimentos

• Website: opus.com.br
• Type: Private Equity
• Headquarters: Centro, Rio De Janeiro, Brazil
• Founded year: 2004
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: opus-investimentos

Opus Investimentos is a private equity firm based in Centro, Rio De Janeiro, Brazil, founded in 2004. The firm specializes in private equity and alternative investments, managing over R$ 7.2 billion in assets across various sectors, including healthcare and technology. Opus provides tailored investment management services to individual and institutional clients, helping them navigate complex financial markets to achieve high returns. Notably, Opus has been involved in several transactions relevant to the technology sector, including a $5,100,000 investment in Zoox Smart Data during its Series B round in July 2020. This investment indicates their interest in technology-driven companies, which may include smart home devices. Additionally, they participated in seed rounds for companies like Approva Facil and netspaces, further showcasing their active role in the technology investment landscape.

14. 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 specializes in early-stage investments in technology-driven startups across Latin America, emphasizing a network-driven approach to support entrepreneurs. Their portfolio includes a diverse range of innovative companies, particularly in software, AI, and blockchain sectors. Notably, Alexia Ventures has participated in transactions such as the investment in IBBX, a Brazilian startup focused on wireless energy technology, which aligns with the smart home devices sector. Additionally, they have invested in Axenya, which, while not explicitly related to smart home devices, showcases their engagement in technology startups. Overall, Alexia Ventures is positioned to explore opportunities in the smart home devices industry through their technology-focused investment strategy.

Smart Home Devices Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Mindset Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2016	7
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
EREN do Brasil	Sao Paulo, Sao Paulo, Brazil	1-10	2013	5
Angel Ventures	Mexico	11-50	2008	2
Mercadolibre.com	Buenos Aires, Buenos Aires, Argentina	1001-5000	1999	3
LIP Ventures Boutique	Cuajimalpa, Mexico City, Mexico	1-10	2019	7
Magma Partners	Providencia, Santiago, Chile	11-50	2014	6
Simma Capital	Bogota, Bogota, Colombia	1-10	2019	4
initial.vc	Brazil	1-10	2011	0
Crp	Porto Alegre, Rio Grande Do Sul, Brazil	11-50	1981	0
Opus Investimentos	Centro, Rio De Janeiro, Brazil	51-200	2004	6
Alexia Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2019	5

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