The medical tourism agencies industry in Latin America has witnessed remarkable growth, offering patients affordable healthcare options outside their home countries. Companies in this vibrant sector facilitate travel and provide services such as surgical procedures, wellness packages, and post-operative care. Countries like Mexico, Costa Rica, and Brazil are well-known destinations, drawing patients seeking high-quality medical care coupled with a unique travel experience. The industry is evolving, focusing on digital health technology and telemedicine to reach more patients. As healthcare systems modernize, medical tourism is increasingly positioned as a viable alternative for those seeking specialized treatments or surgeries.


The list showcases a variety of investors actively shaping the medical tourism landscape in Latin America. Comprised of venture capital and private equity firms, these investors are primarily headquartered in major cities like São Paulo and Mexico City. Established firms range from those founded in the late 1990s to newer players from 2020, reflecting a mix of experience and fresh innovation. With investment counts varying from 0 to over 20 deals reported in 2024, these firms are strategically targeting healthcare startups that align with the growing medical tourism sector, signaling potential expansion and collaboration opportunities within this domain.


Top 15 Medical Tourism Agencies Investors in Latin America


1. DNA Capital

  • Website: dnacapital.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: dna-capital-br

DNA Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2013. The firm specializes in healthcare investments, partnering with businesses and startups to provide capital and strategic support aimed at fostering growth and innovation in the healthcare sector. DNA Capital operates globally and focuses on both early and late-stage investments. Among their notable transactions, they led a $30 million Series A funding round for Nice Healthcare, which is involved in healthcare services, and invested approximately $200 million in Inspirali, a company linked to medical education. These investments reflect their commitment to enhancing healthcare services, which could be relevant to the medical tourism sector, although they have not made direct investments in medical tourism agencies.


2. 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, VOX Capital has made several investments in healthcare startups, including Tem Saúde, which raised $1,128,851 in a seed round in 2015, and Bem.care, which also raised an undisclosed amount in a seed round in 2019. In 2022, they participated in a significant Series A round for ISA Saúde, raising $17,000,000, and have also invested in Sanar, a healthcare edtech startup, to improve healthcare outcomes for low-income patients. These transactions highlight their active role in the healthcare sector, which is closely related to medical tourism.


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. They specialize in early-stage investments across Latin America, supporting entrepreneurs with capital, co-founding assistance, and a strong community network. In 2022, they participated in significant funding rounds for healthtech companies such as Nilo Saúde, which raised $10M in Series A funding, and ISA Saúde, which raised $17M in Series A funding. These investments highlight their commitment to the health sector, making them a potential player in the medical tourism industry, as healthtech innovations often align with the needs of medical tourism agencies.


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, including healthcare. They offer consulting services, educational materials, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Notably, Norte Ventures has invested in several healthcare startups, such as Osana, which focuses on healthcare solutions and has plans to expand into markets relevant to medical tourism, and ISA Saúde, which raised $3 million in a seed round. These transactions highlight Norte Ventures' engagement in the healthcare sector, making them a potential player in the medical tourism industry.


5. Dasa

  • Website: dasa.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1927
  • Headcount: 10001+
  • LinkedIn: dasa

Dasa is a leading healthcare provider in Brazil, founded in 1927, with a workforce of over 10,000 employees. The company offers a comprehensive range of services, including medical diagnostics, vaccination, and hospital care, catering to both individual patients and businesses. Dasa operates a vast network of diagnostic units and hospitals across Brazil, enhancing patient outcomes and managing employee health effectively. Notable transactions include the acquisition of GEM Assistência Médica for $150 million, which specializes in oncology, and Grupo Leforte for approximately $343.6 million, adding three hospitals and five clinics to their network. These strategic acquisitions demonstrate Dasa's commitment to expanding its healthcare services, which could be beneficial for medical tourism by providing specialized care and facilities for international patients.


6. 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 based in Sao Paulo, Brazil, founded in 2011. The firm focuses on investing in and supporting entrepreneurs across various technology-driven industries in Latin America. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in the region. Notably, they have made significant investments in the healthcare sector, including dr.consulta, which raised $50 million in Series C funding in 2017 and $25.9 million in Series B funding in 2016. Additionally, they invested in Sofía, a healthcare technology startup, which raised $13.5 million in a venture round in December 2024, and previously secured $6.3 million in a seed round in March 2020. These transactions highlight Kaszek's commitment to supporting innovative healthcare solutions, which are integral to the medical tourism industry.


7. 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 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 aims to enhance operational performance and prepare companies for market opportunities. Notably, Crescera has made several investments in the healthcare sector, including Hospital Vera Cruz and Hospital Care, both of which raised funds through private equity rounds. Additionally, their investment in Medcell further demonstrates their commitment to the healthcare industry. These transactions highlight Crescera's focus on supporting companies that can play a significant role in the medical tourism landscape, making them a relevant investor in this field.


8. 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 funding and support to entrepreneurs to help them navigate the challenges of building and scaling their businesses. Monashees offers services such as talent acquisition, fundraising assistance, and access to a network of industry experts. Notably, they have invested in several healthcare-related companies, including Livance, which raised $13.2 million to expand its ehealth services and enhance digitalization in healthcare, and Hilab, which has raised significant funding in both Series A and Series B rounds. These investments reflect Monashees' commitment to advancing healthcare technology, which is relevant to the medical tourism industry.


9. Igah, Ventures.

  • Website: igahventures.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: ebricks-ventures

Igah Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in seed and early-stage investments in innovative startups across various sectors, with a notable focus on healthcare. Their portfolio includes significant investments in healthcare-related companies such as Labi Exames, which raised $4,896,680 in a Series A round in 2019, and Conexa Saude, which secured $38,180,326 in a Series C round in 2022. Additionally, they have invested in Sanar, a healthcare edtech startup aimed at improving healthcare outcomes for low-income patients. This diverse yet healthcare-centric portfolio reflects Igah Ventures' commitment to fostering growth and innovation in the Brazilian healthcare landscape, aligning with the interests of medical tourism agencies.


10. Nexxus Capital


Nexxus Capital is a private equity investment firm based in Mexico City, Mexico, founded in 1995. The firm specializes in providing private equity and mezzanine debt to mid-sized companies in Mexico and Spain, managing multiple funds aimed at helping businesses grow and expand. Among their notable transactions, they have invested in companies such as Grupo Turistore, which operates in the travel sector, and PriceTravel, a travel agency that could be linked to medical tourism. Additionally, they have invested in Mercurius Health, which suggests a connection to the healthcare industry. Despite these connections, their overall investment strategy is not exclusively focused on medical tourism, indicating a broader investment approach.


11. Kortex Ventures

  • Website: kortexventures.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: kortexventures

Kortex Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm is dedicated to transforming healthcare through technology, investing in health technology startups, and providing strategic support by leveraging partnerships with major health groups in Brazil. Kortex Ventures has been involved in several notable transactions, including a $17 million Series A investment in ISA Saúde, which focuses on healthcare solutions, and a $7 million Series A investment in Welbe Care, a B2B healthcare platform. Their participation in these funding rounds highlights their commitment to innovative healthcare solutions that could enhance medical tourism services, making them a significant player in the healthcare investment landscape.


12. 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 actively involved in various funding rounds, including notable investments in healthcare-related startups. For instance, they participated in the funding of Clivi, a company focused on building digital clinics and diabetes care management, which highlights their interest in health tech. They also invested in Saludtools, a startup that raised $1 million in a pre-seed round, indicating their engagement in health-related services. These transactions reflect Latitud's commitment to fostering growth in the tech ecosystem, particularly in sectors that could overlap with medical tourism.


13. Kayyak Ventures

  • Website: kayyakventures.com
  • Type: Venture Capital
  • Headquarters: Santiago, Santiago, Chile
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: kayyak-ventures

Kayyak Ventures is a venture capital firm based in Santiago, Chile, founded in 2020. The firm focuses on investing in startups and entrepreneurs across Latin America, particularly those addressing social and environmental challenges. Their portfolio spans various industries, including technology, healthcare, and finance. Notably, Kayyak Ventures has invested in 1Doc3, a Colombian telemedicine startup that raised $3 million to expand its services, which could facilitate medical tourism by providing remote healthcare access. They also led a $10 million Series A funding round for HealthAtom, a cloud-based software solution for clinics, which aims to streamline healthcare services and could support medical tourism initiatives. These transactions highlight Kayyak Ventures' active role in the healthcare sector, making them a relevant investor in the context of medical tourism agencies.


14. IGneous

  • Website: igneous.cl
  • Type: Corporate
  • Headquarters: Chile
  • Headcount: 1-10

IGneous is a corporate investment firm based in Chile that specializes in managing and investing in early-stage companies across various innovative sectors. Founded with a focus on long-term value creation, IGneous provides strategic and operational support to help these companies grow and succeed. Among their notable transactions, they invested in the Puerto Varas Clinic in 2017, which is relevant to the medical tourism sector, as it indicates their interest in healthcare-related investments. Additionally, they have been involved in other ventures such as Ruténica and Recorrido, showcasing their diverse investment portfolio, although these are not directly related to medical tourism.


15. Maya Capital

  • Website: maya.capital
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: mayacapital

MAYA Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2018. The firm specializes in seed stage investments in startups across Latin America, providing not only financial backing but also strategic support in areas such as hiring, market entry, and fundraising. Their primary customers are early-stage entrepreneurs seeking to grow their businesses in various sectors, including technology and healthcare. Notably, Maya Capital has invested in Nilo Saúde, a Brazilian healthtech that raised $10M in a Series A funding round to enhance its platform's software, which is relevant to healthcare services. Additionally, they have invested in Alice, another health-focused startup that has raised significant funding across multiple rounds. These transactions highlight Maya Capital's commitment to the healthcare sector, which is integral to medical tourism.



Medical Tourism Agencies Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
DNA CapitalSao Paulo, Sao Paulo, Brazil11-5020131
VOX CapitalSao Paulo, Sao Paulo, Brazil11-5020091
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
DasaSao Paulo, Sao Paulo, Brazil10001+19270
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Igah, Ventures.Sao Paulo, Sao Paulo, Brazil11-5020112
Nexxus CapitalMexico City, Mexico City, Mexico11-5019950
Kortex VenturesSao Paulo, Sao Paulo, Brazil1-1020202
LatitudSao Paulo, Sao Paulo, Brazil11-50202024
Kayyak VenturesSantiago, Santiago, Chile1-1020202
IGneousChile1-100
Maya CapitalSao Paulo, Sao Paulo, Brazil1-1020188


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