The game development industry in Latin America is a vibrant and rapidly evolving sector characterized by a mix of small startups and established companies. Developers are creating a rich variety of games, from mobile apps to immersive console experiences, catering to a growing audience interested in gaming. The region is witnessing a boom in online gaming and esports, driven by increased internet access and mobile penetration. Innovators are also exploring new technologies, including blockchain and cloud gaming. As a result, Latin America is increasingly recognized as a hub for creativity and talent, attracting both local and international investments.

The investor landscape for game development in Latin America features a range of venture capital firms and corporate investors primarily located in Brazil and Puerto Rico. Founded between 1999 and 2021, these investors vary in size from small teams to those managing larger funds. Notable active players, like Bossa Invest and Sanctor Capital, reflect a growing interest with 56 and 8 investments made in the last year, respectively. Their commitment showcases the industry's potential for growth and innovation, particularly as it attracts increasing attention from both local and foreign investors.

Top 15 Game Development 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 has been involved in several notable transactions in the gaming industry, including a Series B investment in Tamatem Games, a mobile games publisher that has raised significant funding to date. They have also invested in Umbu Games, QUByte Interactive, and Moonwalk, showcasing their active participation in the game development ecosystem. Additionally, Bossa Invest offers educational resources for both investors and startups, aiming to empower entrepreneurs and foster growth in the startup ecosystem.

2. Sanctor Capital

• Website: sanctor.com
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 8
• LinkedIn: sanctor-capital

Sanctor Capital is a venture capital firm based in San Juan, Puerto Rico, founded in 2021. The firm specializes in supporting early-stage projects in the Web3 space, providing mentorship and acceleration services to help founders navigate the challenges of launching their startups. Sanctor Capital has been involved in several notable transactions within the game development context, including a $4 million investment in Mighty Bear Games and participation in a $5 million funding round for Studio 369, the developer behind the blockchain-powered multiplayer shooter MetalCore. Their investments reflect a commitment to fostering innovation in the gaming industry, particularly in the realm of blockchain technology.

3. 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 Ventures has also invested in the gaming industry, with significant transactions including Widow Games, which raised $280,000 in a seed round in December 2013, and TinyBytes Games, which raised $988,000 in a Series A round in July 2018, as well as an earlier seed round of $400,000 in July 2014. These investments highlight NXTP's commitment to supporting innovative gaming companies, making them a relevant player in the game development investment landscape.

4. Snackclub

• Website: snackclub.gg
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 51-200
• Number of deals in 2024: 1
• LinkedIn: snackclubgg

Snackclub is a corporate investor based in Sao Paulo, Brazil, founded in 2021. As a gaming community and esports organization, Snackclub focuses on engaging gamers through tournaments and events, providing opportunities for players to compete for crypto prizes and participate in a vibrant community centered around blockchain gaming. In 2022, Snackclub participated in significant funding rounds for various gaming companies, including leading a $7.5M seed funding round for Midnight, a gaming company based in Los Angeles. They also invested in Theia Studios, which raised $2.4M, and Blocklords, which secured $15M in seed funding. Their investments reflect a commitment to supporting innovative game development, particularly in the blockchain and Web3 gaming sectors.

5. 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 focuses on supporting innovative teams at the forefront of decentralized networks and deep tech, providing capital and strategic guidance to entrepreneurs and management teams. In 2024, they have made seven investments, including notable transactions in the game development sector. They invested in Gunzilla Games, which raised $10 million in an Initial Coin Offering, and Dynasty Studios, which secured $55,000 in a seed round. Additionally, they participated in funding rounds for Heroes of Mavia, which raised $5.5 million, and Pixelmon, a web3 project that raised $8 million to revamp its IP. These transactions highlight Infinite Capital's commitment to fostering innovation within the gaming industry, particularly in the realms of blockchain and decentralized gaming.

6. Nexo

• Website: nexo.com
• Type: Corporate
• Headquarters: Georgetown, Demerara-Mahaica, Guyana
• Founded year: 2018
• Headcount: 501-1000
• LinkedIn: nexofinance

Nexo is a financial technology company founded in 2018, specializing in digital asset management and cryptocurrency services. Based in Georgetown, Demerara-Mahaica, Guyana, Nexo offers a platform for users to buy, exchange, and borrow against cryptocurrencies, catering to both individual consumers and businesses. The company provides innovative financial solutions, including a loyalty program and corporate accounts, to enhance the management of digital assets. In the context of game development, Nexo has participated in several notable transactions, including a $2.1 million seed funding round for Time Shuffle, a gaming project, and a seed funding round for Kaleidoco, which focuses on metaverse and AR technology. Additionally, Nexo has invested in DOMI Online and Arker: The Legend of Ohm, both of which are gaming-related projects. These investments highlight Nexo's involvement in the gaming industry, despite its primary focus on financial technology.

7. 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 entrepreneurs. Canary has been involved in several notable transactions within the game development sector, including investments in Joyride Games, Matchday, and Gamers Club, all of which are startups focused on gaming. These investments highlight their commitment to supporting innovative companies in the gaming industry, alongside their broader investment strategy.

8. Base Partners

• Website: basepar.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• LinkedIn: base-growth

Base Partners is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in investing in private technology companies, particularly in Latin America, providing both capital and strategic support to help these companies thrive in competitive markets. Notably, Base Partners has invested in several game development companies, including Wildlife Studios, which raised $60 million in a Series A round in December 2019, and Mobile Premier League, a mobile gaming platform that has raised significant funding across multiple rounds, including $90 million in Series C and $150 million in Series E. These transactions highlight Base Partners' commitment to the gaming industry and their capability to support growth in this sector.

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. They specialize 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. In addition to their general focus on technology, Norte Ventures has made notable investments in the game development space, including participation in the seed funding round for Jungle, a Web3 game studio that raised $6 million to develop a mobile NFT shooter game. They also invested in Katapult Studios, which raised $6 million in a seed round, further demonstrating their engagement in the gaming industry. These transactions highlight Norte Ventures' commitment to fostering innovation within the Brazilian market, including the gaming sector.

10. Msw Capital

• Website: mswcapital.com.br
• Type: Venture Capital
• Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
• Founded year: 1999
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: mswcapital

MSW Capital is a venture capital firm based in Rio de Janeiro, Brazil, founded in 1999. The firm specializes in corporate venture capital management, focusing on investing in high-potential startups, particularly in the technology sector. MSW Capital supports corporations in enhancing their innovation strategies by fostering partnerships between startups and corporations to drive growth and technological advancement. Notably, MSW Capital has invested in ARVORE, a company that raised $1.5 million in a venture round, and Widow Games, which secured funding in a seed round. These transactions highlight their engagement in the gaming industry, showcasing their commitment to supporting innovative gaming startups alongside their broader investment strategy.

11. Go4it Capital

• Website: go4itcapital.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2015
• Headcount: 1-10
• LinkedIn: go4itcapital

Go4it Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2015. The firm partners with exceptional entrepreneurs to build innovative global businesses primarily in sports, digital media, and well-being. Go4it Capital focuses on providing both investment and strategic support to help these businesses grow. Notably, they have been involved in significant transactions in the gaming sector, including a Series A investment in Sorare, which raised approximately $48.6 million, and a seed round investment in Gamers Club, a platform dedicated to the gaming community. These investments highlight Go4it Capital's commitment to the gaming industry, alongside their broader focus on sports and digital media.

12. Valhalla Capital

• Website: valhalla.capital
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: valhalla-capital

Valhalla Capital is a venture capital firm based in San Juan, Puerto Rico, that focuses on supporting founders and builders in decentralized finance, play-to-earn, and the metaverse. They provide essential services such as capital, connections, research, and strategic guidance to help startups navigate their respective industries. Notably, Valhalla Capital has participated in significant transactions within the gaming sector, including a $2 million seed round investment in GameDAO, which is focused on gaming infrastructure, and involvement in Genopets, a project that raised $8.3 million in seed funding, emphasizing their commitment to the gaming industry. Their investment strategy reflects a strong alignment with the evolving landscape of game development, particularly in areas that intersect with blockchain and decentralized technologies.

13. Stateless Ventures

• Website: stateless.vc
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn: statelessventures

Stateless Ventures is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm specializes in investing in startups across various stages of their lifecycle, with a focus on sectors such as AI, crypto, and web3. Stateless Ventures provides both investment and advisory services to entrepreneurs, helping them navigate the challenges of building successful companies. Notably, they participated in the seed funding round for Jungle, a Web3 game studio that raised $6 million to develop a mobile NFT shooter game. This involvement highlights their interest in the gaming industry, particularly in innovative gaming technologies. Additionally, they have made several other investments in 2024, including in Layer3 and Theoriq, although these are not directly related to game development. Their engagement in the gaming sector through Jungle positions them as a relevant player in the game development investment landscape.

14. 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 throughout Latin America. The firm provides funding, mentorship, and resources to help startups grow and succeed across various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has made significant investments in the gaming industry, such as a $6 million seed round for Katapult Studios in May 2022, which focuses on game development. Additionally, they have invested in VRTIFY, which raised $3.2 million in a seed round in October 2015 and is involved in immersive technology, relevant to gaming. Their commitment to supporting innovative startups and their active participation in the gaming sector highlight their role as a valuable investor in the game development space.

15. Verve Capital

• Website: vervecapital.us
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn: verve-capital

Verve Capital 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, providing not only funding but also strategic support to help entrepreneurs achieve significant growth. Their focus spans innovative sectors such as FinTech, HealthTech, and EdTech. Notably, Verve Capital has participated in transactions that intersect with the gaming industry, including a seed investment in Tipspace, a software application for 'play-to-earn' games, which raised $3 million. This involvement highlights their interest in the gaming sector, alongside their broader investment strategy in technology.

Game Development Insights: Key Investors in Latin America

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