The identity and access management (IAM) industry in Latin America focuses on ensuring secure and efficient access systems for individuals and organizations. It comprises technology firms that specialize in authentication methods, identity verification, and security solutions. Key players range from innovative startups to established corporations, offering products like single sign-on, biometrics, and document verification. As digital transformation accelerates, this sector is expected to expand rapidly, driven by increasing internet penetration and a rise in cyber threats. Trends include integration of AI for smarter identification processes and greater regulatory compliance to enhance data security.

This article profiles 16 notable identity and access management investors throughout Latin America. The list includes various investor types—venture capital firms and corporate entities—operating from key locations like Sao Paulo, Santiago, and San Juan. These investors range in size from small teams to larger organizations, primarily founded between 2007 and 2021. In 2024, they collectively engaged in numerous transactions underscoring their commitment to enhancing the IAM ecosystem in the region. Their active participation highlights the growing importance of security and identity solutions.

Top 16 Identity and Access Management 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 provides capital, strategic guidance, and access to a network of co-investors, aiming to empower entrepreneurs and foster growth in the startup ecosystem. Among their notable transactions, Bossa Invest has participated in funding JumpCloud, which raised $159 million in a Series F round in September 2021, and $4.25 million in a Series B round in August 2016. JumpCloud is known for its identity management solutions, making it a key player in the identity and access management space. Additionally, Bossa Invest has invested in Rownd, a company focused on contextual authentication, which raised $2.2 million in seed funding in October 2022 and $500,000 in a pre-seed round in March 2022. These investments highlight Bossa Invest's commitment to supporting companies that are integral to the identity and access management industry.

2. 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. It 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 several funding rounds for startups, particularly in the identity and access management sector. Notably, they participated in multiple funding rounds for idwall, a Brazilian regtech company focused on identity verification and access management, raising significant amounts in Series A, B, and C rounds. Additionally, they were involved in the seed round for Unxpose, which may also relate to identity management solutions. This track record highlights Canary's commitment to supporting innovative companies in the identity and access management industry.

3. 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. Mindset Ventures has been involved in several notable transactions, particularly in the identity and access management context. They participated in the Series A funding for Semperis, a company focused on identity and access management solutions, and contributed to the funding rounds for 1touch.io, which specializes in data security and identity management. Their investment in SAM Seamless Network, which offers security solutions, further highlights their engagement in the broader security and identity management landscape. Mindset Ventures aims to help these companies grow by offering business development assistance, mentorship, and access to valuable networks.

4. Thomson Reuters Costa Rica

• Website: thomsonreuters.com
• Type: Corporate
• Headquarters: Heredia, Heredia, Costa Rica
• Founded year: 1977
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn: 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 provides legal services and information technology solutions, including legal research tools and tax compliance software, primarily through a subscription-based model. Notably, Thomson Reuters has made strategic investments and acquisitions that enhance its portfolio in areas related to identity and access management. For instance, their investment in Enveil, a cybersecurity startup, focuses on keeping data encrypted during use, which is crucial for secure identity management. Additionally, the acquisition of MarkMonitor strengthens their capabilities in online brand protection, further emphasizing their role in protecting digital identities. These transactions highlight Thomson Reuters Costa Rica's active engagement in sectors that intersect with identity and access management.

5. 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 tackle significant regional challenges and support scalable technology businesses. Among their notable transactions, they invested in Keynua, a Peruvian e-signature startup that seeks to modernize the traditional signature process through innovative identity verification methods. Additionally, they participated in a funding round for Strike Security, a company focused on making penetration testing more accessible, which is crucial for enhancing security in identity and access management. These investments highlight Magma Partners' engagement with companies that are relevant to the identity and access management industry.

6. 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 in the technology sector by providing resources, consulting services, and educational materials to help entrepreneurs navigate the challenges of building and scaling their businesses. Norte Ventures has been active in various funding rounds, including notable investments in companies like idwall, which raised $38 million in a Series C round, focusing on identity verification solutions. They also participated in funding rounds for other startups such as Unxpose and Pomelo, showcasing their commitment to fostering innovation in the Brazilian market, including areas relevant to identity and access management.

7. 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. It supports tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been active in the tech ecosystem, making 24 investments in 2024 alone. Among its notable transactions, Latitud participated in the funding rounds for Strike Security, which raised a total of $5.77 million across pre-seed and seed rounds. Strike Security aims to enhance penetration testing accessibility, a key component of identity and access management. This involvement highlights Latitud's engagement in the cybersecurity sector, which is closely related to identity and access management.

8. 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 made significant investments in the identity and access management space, including a seed round investment of $2.4 million in Auth0 in September 2014, a leading identity platform that provides authentication and authorization services. Additionally, they have invested in Signatura, which may relate to identity verification and digital signatures, further emphasizing their engagement in the identity management sector. Their portfolio reflects a commitment to supporting innovative solutions that enhance security and access management in the digital landscape.

9. 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 in Latin America, providing capital and strategic guidance to startups across various technology-driven industries. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in the region. Notably, Kaszek has participated in investments such as Truora, which addresses fraud in Latin America, indicating a focus on identity verification and access management solutions. Additionally, they have invested in Belvo, an open finance platform that may also touch on aspects of identity and access management through its data enrichment solutions and payment initiation offerings. These transactions highlight Kaszek's engagement in sectors that are relevant to identity and access management.

10. 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. Notably, Monashees has been involved in multiple funding rounds for idwall, a Brazilian regtech company focused on identity verification and management. They participated in idwall's Seed round in 2017, followed by Series A, B, and C rounds in 2018, 2019, and 2021, respectively. This consistent investment highlights Monashees' commitment to supporting companies that operate within the identity and access management domain, showcasing their relevance in this industry.

11. 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. In 2023, they participated in a seed funding round for Intuition, a decentralized-identity startup, which raised $4 million, highlighting their commitment to identity solutions. Additionally, they were involved in the seed funding for D3 Global, which raised $5 million and is connected to identity management. Their investment strategy is centered around identifying generational innovations that can redefine industries, making them a significant player in the identity and access management landscape.

12. 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 within the Web3 space, providing mentorship and acceleration services to help founders navigate the challenges of launching their startups. Sanctor Capital has been actively involved in several notable transactions, including investments in Sec3, which raised $10 million in a seed round in January 2023, focusing on security and identity solutions. They also invested in zCloak Network, a zero-knowledge proof platform, which raised $5.8 million in a pre-Series A funding round in June 2022, emphasizing privacy and security in the blockchain ecosystem. These investments highlight Sanctor Capital's commitment to fostering innovation in areas that are critical to identity and access management.

13. 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 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 Tenchi Security, a Brazilian startup focused on cloud environment security, which raised a seed round of $3.3 million to enhance its SaaS solutions. Additionally, they were involved in the seed round for Truora, a company that offers identity verification services, further emphasizing their interest in the identity and access management domain. Their diverse portfolio also includes investments in other technology-driven startups, showcasing their commitment to supporting innovative solutions in the region.

14. Onevc

• Website: onevc.vc
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn: onevc

ONEVC is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in seed-stage investments across Latin America, providing financial backing and operational assistance to startup founders. Onevc has been involved in several notable transactions, particularly in the identity and access management context. For instance, they participated in funding rounds for idwall, a Brazilian regtech company that raised $38 million in a Series C round and $10 million in a Series B round, focusing on identity verification and compliance solutions. Additionally, Onevc invested in Tenchi Security, a startup specializing in cloud environment security, which aligns with the broader cybersecurity and identity management landscape. These investments demonstrate Onevc's commitment to supporting early-stage companies that are innovating in the identity and access management space.

15. 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 focuses on investing in private technology companies, particularly in Latin America, providing capital and strategic support to help these companies grow in competitive markets. Notably, Base Partners has participated in significant funding rounds for companies like Netskope, which raised substantial amounts in various rounds, including $300 million in July 2021 and $168.7 million in November 2018. Netskope is recognized for its cloud security solutions, which are integral to identity and access management. Additionally, Base Partners has invested in Tuvis, a company that raised $11 million in a seed round in November 2021, although the specific relevance of Tuvis to IAM is less clear. Overall, Base Partners' involvement with Netskope highlights their engagement in the IAM context.

16. unico IDtech

• Website: unico.io
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2007
• Headcount: 501-1000
• Number of deals in 2024: 2
• LinkedIn: unicoidtech

Unico IDtech, founded in 2007 and based in Sao Paulo, Brazil, is a technology company specializing in identity verification and HR solutions. The company operates a SaaS model, providing services such as digital identity verification and fraud prevention to businesses across various sectors, including retail and banking. Unico has been actively expanding its capabilities through strategic acquisitions, such as the purchase of Makrosystems, which enhances its biometric authentication and fraud prevention capabilities, and CredDefense, which further strengthens its identity management solutions. Other notable acquisitions include Vianuvem, focused on digital process management, and Oz Forensics, which likely contributes to their identity verification efforts. These transactions highlight Unico's commitment to enhancing its identity and access management offerings and expanding its global reach, particularly in key markets like Mexico and the United States.

Identity and Access Management Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
Mindset Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2016	7
Thomson Reuters Costa Rica	Heredia, Heredia, Costa Rica	51-200	1977	4
Magma Partners	Providencia, Santiago, Chile	11-50	2014	6
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
Latitud	Sao Paulo, Sao Paulo, Brazil	11-50	2020	24
NXTP Ventures	Buenos Aires, Buenos Aires, Argentina	11-50	2011	4
Kaszek	Sao Paulo, Sao Paulo, Brazil	11-50	2011	17
Monashees	Sao Paulo, Sao Paulo, Brazil	11-50	2005	18
Infinite Capital	San Juan, San Juan, Puerto Rico	1-10	2017	7
Sanctor Capital	San Juan, San Juan, Puerto Rico	1-10	2021	8
Maya Capital	Sao Paulo, Sao Paulo, Brazil	1-10	2018	8
Onevc	Sao Paulo, Sao Paulo, Brazil	1-10	2017	9
Base Partners	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
unico IDtech	Sao Paulo, Sao Paulo, Brazil	501-1000	2007	2

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