The educational research services industry in Latin America is rapidly evolving. It includes companies that develop advanced technologies for learning, platforms for academic resources, and tools that innovate classroom experiences. Key players offer diverse solutions, from educational software to digital learning tools, catering to a growing demand for personalized and impactful education. As technology integrates into education, online learning and AI-driven platforms become prevalent, shaping the future of education. The industry's shift towards scalability and accessibility reflects the desire to enhance educational outcomes and empower students across the region, highlighting a shift towards innovative pedagogy and inclusivity.


This list highlights 15 prominent investors actively shaping the educational research services sector in Latin America. The firms range from venture capital to private equity, with headquarters spread across Brazil, Colombia, and Argentina. Notably, the majority size up to 50 employees and have been founded in the last two decades, indicating a lean but focused approach. In 2024, these investors collectively undertook over 136 deals, emphasizing their commitment to fostering growth in the educational landscape. This underscores a convergence of capital and innovation within the educational technology sector, setting the stage for future transformations.


Top 15 Educational Research Services 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 not only provides capital but also strategic guidance and access to a network of co-investors, which is crucial for the growth of startups. They are actively involved in the educational sector, having invested in companies like Numerade, a STEM learning platform that raised $26 million in a Series A funding round to enhance personalized learning experiences. Additionally, they have invested in other educational initiatives such as Jovens Gênios, which focuses on educational technology. Bossa Invest also emphasizes the importance of educational resources for both investors and startups, aiming to empower entrepreneurs and foster growth in the startup ecosystem.


2. Ecossistema SQUARE

  • Website: square.tec.br
  • Type: Venture Capital
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • LinkedIn: square-learning

Ecossistema SQUARE is a venture capital firm based in Rio de Janeiro, Brazil, founded in 2020. The firm specializes in education technology, aiming to transform learning through innovative solutions. They provide a range of educational tools and platforms designed to enhance the teaching and learning experience for both students and educators. Ecossistema SQUARE actively invests in and supports various educational startups, creating a network that fosters growth and development in the education sector. Notable transactions include investments in Mobile Brain, a startup focused on educational solutions, and Motrix Techknowledge, which raised over $2.9 million in a seed round. Additionally, they participated in funding BAYA Creative Learning and Nolej, an edtech startup based in France, which raised €3 million to expand its operations. These investments highlight Ecossistema SQUARE's commitment to advancing educational research and services.


3. Crescera Capital

  • Website: crescera.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: bozano-investimentos

Crescera Capital is a private equity and venture capital investment firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. Crescera Capital aims to enhance operational performance and prepare companies for market opportunities. Notably, the firm has been involved in significant transactions within the education sector, such as its investments in Somos Educação and Anima Educação, both of which are key players in the Brazilian education market. Additionally, Crescera participated in the funding of Passei Direto, an academic network that connects students and enhances educational resources. These transactions highlight Crescera's commitment to supporting and advancing educational initiatives, making it a relevant investor in the educational research services space.


4. 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 educational technology companies such as Prosas, which secured $800k in funding to enhance its platform and commercial team, and MindMiners, which raised $1,098,438 in a Seed Round to develop its market research solutions. These transactions highlight KPTL's commitment to supporting growth in the educational research services sector, alongside their broader investment strategy.


5. 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 investments is Mind Lab, which raised funds in both Series A and Series B rounds in 2009 and 2011, respectively. Mind Lab focuses on educational solutions, highlighting Monashees' engagement in the educational research services sector. Additionally, Monashees has invested in other companies like Luzia and ikwa, further demonstrating their active role in fostering innovation in various industries, including education.


6. VOX Capital

  • Website: voxcapital.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: vox-capital

VOX Capital is an impact investment firm based in Sao Paulo, Brazil, founded in 2009. The firm specializes in managing investments that generate positive social and environmental outcomes, focusing on sectors such as healthcare, education, and climate solutions. VOX Capital serves both individual and institutional investors who seek to align their financial goals with their values. Notably, they have invested in several educational technology companies, including Aprova Digital, which raised $4.25 million in a Seed Round in December 2022, and Sanar, a healthcare edtech startup that raised funds in a Series A round in April 2018 to improve healthcare outcomes for low-income patients. Their investment in WPensar and PlanoCDE also highlights their engagement in the educational sector, reinforcing their commitment to enhancing educational research and services.


7. NXTP Ventures

  • Website: nxtp.vc
  • Type: Venture Capital
  • Headquarters: Buenos Aires, Buenos Aires, Argentina
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: nxtp-ventures

NXTP Ventures is a venture capital firm based in Buenos Aires, Argentina, founded in 2011. The firm specializes in investing in early-stage B2B startups across Latin America, focusing on sectors such as Cloud & SaaS, E-commerce, Fintech, and AI. Notably, NXTP has made significant investments in the educational technology space, including a $1.6M pre-seed investment in Teachy, an edtech company that aims to enhance its AI-powered platform. They also participated in a Series A round for Teachy, raising $7M in December 2024. Additionally, NXTP has previously invested in Lab4U, which indicates their ongoing interest in educational research services and technology.


8. Kaszek

  • Website: kaszek.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: kaszek-ventures

Kaszek is a venture capital firm founded in 2011, based in Sao Paulo, Brazil, that focuses on investing in and supporting entrepreneurs across Latin America. The firm provides capital and strategic guidance to startups in various technology-driven industries, fostering a vibrant technology ecosystem in the region. Notably, Kaszek has made significant investments in the educational technology sector, including Open English, an online language learning platform that raised $43 million in its Series C funding round, and Crack The Code, a Peruvian edtech company that raised $2.7 million in a seed round to expand its educational offerings. These transactions highlight Kaszek's active role in the educational research services space, alongside its broader investment strategy.


9. Latitud

  • Website: latitud.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 24
  • LinkedIn: latitude4

Latitud is a venture capital firm and startup accelerator based in Sao Paulo, Brazil, founded in 2020. The firm supports tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been involved in several notable transactions in the educational sector, including uDocz, a Peruvian education platform that raised $2M, and Education Journey, which raised $232,955 in a pre-seed round. Additionally, they participated in funding rounds for Beconfident and Cometa, further emphasizing their active role in the educational research services industry. By connecting entrepreneurs with investors and providing essential tools, Latitud fosters growth in the tech ecosystem, including educational innovations.


10. 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. Canary has been actively involved in the educational sector, with notable investments in companies such as Alicerce, which raised funds in both Seed and Series A rounds, and ChatClass, which also secured funding in its Seed round. Additionally, they participated in a funding round for Classpert, a startup focused on educational services, further solidifying their presence in the educational research services landscape. In 2024, they continued their investment activity with Yuna, indicating their ongoing commitment to supporting innovative educational solutions.


11. ChileGlobal Ventures


ChileGlobal Ventures is a not-for-profit venture capital organization based in Vitacura, Santiago, Chile, founded in 2008. The organization focuses on supporting innovative startups in Chile and Latin America by providing funding, mentorship, and consulting services. ChileGlobal Ventures aims to foster a vibrant entrepreneurial ecosystem by connecting investors with promising startups. Among their notable transactions, they have invested in PleIQ, which raised $500,000 in a seed round in 2019, focusing on educational technology. They also invested in Educaswitch, which is involved in educational solutions, further emphasizing their commitment to the educational sector. Other investments include Kuwala and Snuuper, which, while not strictly educational, contribute to the broader innovation landscape that can impact educational research services.


12. Afya

  • Website: afya.com.br
  • Type: Corporate
  • Headquarters: Nova Lima, Minas Gerais, Brazil
  • Founded year: 1999
  • Headcount: 5001-10000
  • Number of deals in 2024: 4
  • LinkedIn: afyaeducacional

Afya is a public entity based in Nova Lima, Minas Gerais, Brazil, specializing in medical education and health technology solutions. Founded in 1999, Afya offers a range of educational programs, including undergraduate and postgraduate medical courses, continuing education, and digital health services. The company serves medical students and healthcare professionals, equipping them with essential tools and knowledge to excel in their careers. Notably, Afya has made several significant acquisitions in the educational sector, including Faculdade Única de Contagem in December 2024 and UNIGRANRIO in May 2021, which highlight its commitment to expanding its educational footprint. Additionally, the acquisition of PEBmed, a digital health platform, and Cardiopapers, further illustrates Afya's strategy to integrate technology with medical education, enhancing the learning experience for healthcare professionals. These transactions underscore Afya's role as a key player in the educational research services landscape, particularly within the medical education domain.


13. Thomson Reuters Costa Rica


Thomson Reuters Costa Rica is a corporate investor based in Heredia, Costa Rica, and is part of the larger Thomson Reuters organization, which was founded in 1977. The company specializes in legal services and information technology solutions, offering a variety of products including legal research tools and tax compliance software. Their customer base includes legal professionals, accountants, and businesses across various sectors. In recent years, Thomson Reuters has made several strategic acquisitions to enhance its offerings in the legal research domain. Notable transactions include the acquisition of TimeBase, a legal research tool, and CaseLines, a cloud-based case management service, both of which expand their capabilities in legal research and document management. These investments reflect their commitment to improving efficiency and compliance in legal practices, which is relevant to educational research services, particularly in legal education.


14. Apex Partners


Apex Partners is an investment management and financial advisory firm based in Santo Antônio Do Canaã, Espírito Santo, Brazil. Founded in 2013, the firm offers a range of services including asset management, wealth management, and investment banking, catering to both individual and business clients. Apex Partners has been involved in various transactions, notably in the educational sector, such as their investment in FUCAPE Business School, which raised an undisclosed amount in 2020, and Great Schools, which also raised an undisclosed amount in 2021. These transactions highlight Apex Partners' engagement in the educational research services context, alongside their broader investment activities across multiple regions and sectors.


15. ALIVE Ventures


ALIVE Ventures, formally known as Acumen Latam Impact Ventures, is a not-for-profit organization based in Bogota, Colombia, founded in 2017. It specializes in impact investing across Latin America, targeting socially impactful companies that aim to alleviate economic inequality and enhance the lives of low-income communities. ALIVE Ventures has made significant strides in the education sector, exemplified by its investment in BeeReaders, which raised $3.5 million to expand personalized reading and writing experiences for K-12 students in Latin America and the US. This initiative aims to reach at least half a million students, showcasing ALIVE's commitment to educational advancement. Additionally, ALIVE's investment in Slang, which closed a $14 million Series A funding round, supports language learning and product development, further solidifying its role in the educational research services landscape. Through these investments, ALIVE Ventures not only provides capital but also supports companies that are dedicated to improving educational outcomes and accessibility.



Educational Research Services Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Ecossistema SQUARERio De Janeiro, Rio De Janeiro, Brazil1-1020200
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
KptlSao Paulo, Sao Paulo, Brazil11-5020205
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
VOX CapitalSao Paulo, Sao Paulo, Brazil11-5020091
NXTP VenturesBuenos Aires, Buenos Aires, Argentina11-5020114
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
LatitudSao Paulo, Sao Paulo, Brazil11-50202024
CanarySao Paulo, Sao Paulo, Brazil11-50201723
ChileGlobal VenturesVitacura, Santiago, Chile11-5020080
AfyaNova Lima, Minas Gerais, Brazil5001-1000019994
Thomson Reuters Costa RicaHeredia, Heredia, Costa Rica51-20019774
Apex PartnersSanto Antônio Do Canaã, Espírito Santo, Brazil51-20020131
ALIVE VenturesBogota, Bogota, Colombia1-1020173


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