The telecommunications industry in Latin America has experienced rapid growth, driven by advancements in mobile and internet technologies. With a mix of large corporations, startups, and service providers, it offers a range of services from mobile connectivity to innovative tech solutions. Notably, the region has witnessed rising demand for affordable communication options and infrastructure development. Over the last decade, investment in this space has surged, as operators look to deliver better broadband access and cater to urban and rural customers alike. The industry is poised for further expansion as digital transformation and IoT technology take center stage.


This list highlights 14 dedicated investors primarily operating in the telecom sector across Latin America. Notably, a concentration of firms is based in Sao Paulo, Brazil, representing a mix of venture capital and private equity types. Many were founded in the 2010s, reflecting the recent surge in tech interest. In 2024, deal counts varied widely, with some investing over 50 times, signaling their active engagement in local markets. Their focus spans startups to well-established companies, each playing a role in shaping the region's telecommunications growth.


Top 14 Telecommunications 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, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest is committed to empowering entrepreneurs and fostering growth in the startup ecosystem. Among their notable transactions, they have invested in Community Phone, a company that raised funds in both 2019 and 2020, focusing on affordable telecommunications services. This involvement highlights Bossa Invest's engagement in the telecommunications industry, alongside their broader technology investment strategy.


2. Brasil TecPar


Brasil TecPar is a corporate investor based in Sao Paulo, Brazil, specializing in telecommunications and technology services. Founded in 1996, the company focuses on delivering internet connectivity and technology solutions to both consumers and businesses. In 2024, Brasil TecPar has been particularly active, completing several significant acquisitions to bolster its presence in the telecommunications market. Notable transactions include the acquisition of Nova Rede de Telecomunicações for BRL 74.75 million, which serves approximately 45,000 customers, and the acquisition of Sempre Internet as part of its expansion strategy in Minas Gerais. Additionally, Brasil TecPar acquired Acessoline Telecomunicações and Itelfibra Telecom, both on September 6, 2024, further solidifying its strategy to enhance connectivity across Brazil. These strategic moves highlight Brasil TecPar's commitment to expanding its telecommunications services and capabilities.


3. Chile Ventures

  • Website: chileventures.vc
  • Type: Venture Capital
  • Headquarters: Santiago, Santiago, Chile
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: chile-ventures

Chile Ventures is a venture capital firm based in Santiago, Chile, founded in 2015. The firm specializes in investing in technology startups, particularly those with recurring revenue models, and provides financial support ranging from $50k to $500k. They focus on small and medium enterprises in Latin America, addressing their need for access to financial products and growth resources. Notably, Chile Ventures has invested in Zapping and Zapping TV, both of which are involved in the telecommunications sector, raising $500,000 each in venture rounds in 2017 and 2018, respectively. Additionally, they have supported other technology startups like Wird. and FROGED, which, while not strictly telecommunications, indicate a broader interest in technology-driven solutions. Their advisory services further enhance their value to startups, helping them grow in competitive markets.


4. 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 raised a total of $53 million to enhance its operations in Mexico and expand into the U.S. and Brazil. This investment highlights Monashees' engagement in the telecommunications sector. Additionally, they have invested in Rocket.Chat, a communication platform, which further aligns with telecommunications technology. These transactions illustrate Monashees' commitment to supporting innovative companies that operate within the telecommunications landscape.


5. 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 been involved in significant transactions within the telecommunications context, such as their investment in Hologram, a Chicago-based cellular connectivity platform for IoT devices, which raised $65 million in Series B funding. Additionally, they participated in funding rounds for Xyte, a company that secured $30 million in a Series A round, indicating their engagement in connectivity solutions. Mindset Ventures focuses on helping companies grow by offering business development assistance, mentorship, and access to valuable networks, making them a versatile player in the venture capital landscape.


6. eB Capital

  • Website: ebcapital.com.br
  • Type: Private Equity
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • LinkedIn: ebcapitalbr

eB Capital is an investment management firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in private equity, infrastructure, and real estate, aiming to generate value by addressing structural gaps in the economy. eB Capital has a diverse client base, including institutional and individual investors seeking growth opportunities across various sectors. Notably, eB Capital has made significant strides in the telecommunications industry, particularly through its telecom infrastructure arm, EB Fibra. In May 2021, eB Capital acquired Vip Br Telecom, a telecommunications provider in Brazil, to enhance its market share in the fiber optic telecommunications sector. Additionally, in December 2018, they participated in a private equity round for Sumicity, further indicating their involvement in the telecommunications space.


7. Oria Capital


Oria Capital is a private equity firm based in Sao Paulo, Brazil, specializing in growth equity investments in B2B technology companies. Founded in 2009, the firm provides capital and strategic guidance to help technology firms scale and innovate. While their primary focus is on the software sector, they actively manage a portfolio of investments aimed at driving growth and enhancing market presence. Notably, Oria Capital has made significant investments in companies such as Zenvia, which raised US$54 million in a follow-on investment led by Oria Capital. Zenvia operates in the telecommunications space by providing digital customer communications platforms, showcasing Oria's engagement with the telecommunications industry. Other investments include Navita, WebRadar, and Blockbit, although these companies are less directly related to telecommunications.


8. 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 an investment management firm based in Sao Paulo, Brazil, specializing in venture capital and private equity. Founded in 2004, the firm focuses on supporting innovative companies in Brazil 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 active role in the telecommunications sector, alongside other technology investments, such as their funding of Navita.


9. Kptl

  • Website: kptl.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: inseed-investimentos

KPTL is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. With over 15 years of experience in the investment landscape, KPTL has made more than 124 investments, focusing on innovative startups across various sectors. Notably, KPTL has invested in Cianet, which raised $2,645,510 in a Series A round in 2009, indicating its engagement in the telecommunications industry. Additionally, KPTL has participated in funding rounds for ATIVA Soluções, which raised $1,464,974 in a Seed Round in 2022 and $520,503 in another Seed Round in 2020. While ATIVA Soluções may not be directly related to telecommunications, KPTL's investment in Cianet highlights its potential interest in this sector, alongside its broader investment strategy.


10. 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, support, consulting services, and educational materials to help entrepreneurs navigate the challenges of building and scaling their businesses. Notably, Norte Ventures participated in a seed funding round for Nomo, a digital mobile operator, which received approximately R$14 million. This investment highlights their interest in the telecommunications space, alongside their broader technology focus. Additionally, they have been involved in other technology-related investments, such as Hyperplane AI, which, while not directly in telecommunications, showcases their active role in the tech ecosystem.


11. 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. They specialize in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of builders. In 2021, they participated in a seed round for Siglo, which raised $4.1 million, indicating their engagement in potentially innovative sectors, including telecommunications. In 2024, they also invested in Magie during a pre-seed round, raising $1.18 million. While the specific focus of these companies is not detailed, their involvement in early-stage funding suggests that Canary is open to supporting startups in the telecommunications sector among other industries.


12. Avalancha Ventures


Avalancha Ventures is a venture capital firm based in Mexico City, founded in 2015. The firm specializes in investing in early-stage companies that leverage technology to disrupt their respective markets. They provide not only funding but also support to help startups grow and establish themselves. Notably, Avalancha Ventures has made significant investments in companies like Bridgefy, which raised $1.4 million in a seed round in October 2023 and focuses on communication solutions, highlighting their engagement in the telecommunications sector. Additionally, they have invested in Chargy and Balcony Labs, further showcasing their commitment to innovative solutions that can enhance connectivity and communication, which are core aspects of telecommunications.


13. Infinite Capital

  • Website: infinite.xyz
  • Type: Venture Capital
  • Headquarters: San Juan, San Juan, Puerto Rico
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 7
  • LinkedIn: infinitecap

Infinite Capital is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm specializes in supporting innovative teams at the forefront of decentralized networks and deep tech, providing both capital and strategic guidance to help entrepreneurs scale their projects effectively. Notably, Infinite Capital participated in the Initial Coin Offering for RightMesh, which raised $30 million to develop a decentralized mobile network, directly linking their investment strategy to telecommunications. Additionally, they invested in Theta Labs during its seed round, a company that operates in the blockchain space, which can also have implications for telecommunications infrastructure and services. Their focus on generational innovations positions them as a potential player in the evolving telecommunications landscape.


14. Draper Cygnus

  • Website: drapercygnus.vc
  • Type: Venture Capital
  • Headquarters: Lomas Del Mirador, Buenos Aires, Argentina
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: drapercygnus

Draper Cygnus is a venture capital firm based in Lomas Del Mirador, Buenos Aires, Argentina, founded in 2017. The firm specializes in investing in deep-tech startups founded by Latino entrepreneurs, providing both funding and support to help these companies innovate across various sectors, including AI, biotechnology, and space technology. Notably, Draper Cygnus has participated in seed rounds for companies like Satellogic, which raised $3,900,000 in 2013 and focuses on satellite technology, and Skyloom Global, which raised $3,000,000 in 2018 and is involved in satellite communications. These transactions highlight Draper Cygnus's engagement with technologies that have significant implications for the telecommunications industry, particularly in satellite communications.



Telecommunications Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Brasil TecParSao Paulo, Sao Paulo, Brazil1001-500019967
Chile VenturesSantiago, Santiago, Chile1-1020155
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Mindset VenturesSao Paulo, Sao Paulo, Brazil1-1020167
eB CapitalSao Paulo, Sao Paulo, Brazil11-5020170
Oria CapitalSao Paulo, Sao Paulo, Brazil11-5020090
Invest Tech BrazilSao Paulo, Sao Paulo, Brazil11-5020041
KptlSao Paulo, Sao Paulo, Brazil11-5020205
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Avalancha VenturesMexico City, Mexico City, Mexico1-1020155
Infinite CapitalSan Juan, San Juan, Puerto Rico1-1020177
Draper CygnusLomas Del Mirador, Buenos Aires, Argentina1-1020174


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