Cold chain logistics is essential for maintaining temperature-sensitive products throughout their journey in Latin America. This industry connects various sectors, including food and pharmaceuticals, by ensuring perishable items stay fresh and safe. Companies in this field range from cold storage providers to specialized transport services, all dedicated to upholding strict temperature controls. As demand for fresh food and effective vaccine distribution rises, innovation and investment in technologies like IoT and automated systems are growing. Additionally, the expansion of e-commerce further highlights the need for efficient and reliable cold chain solutions across the region.


The list consists of 17 notable investors from Latin America, varying from corporate giants to venture capital firms. Most of these investors are headquartered in major cities like São Paulo and Buenos Aires while spreading their influence across Argentina, Brazil, and Mexico. Founded between 2005 and 2019, these firms exhibit significant activity, with 2024 deal counts spanning from zero to 23 investments. Their diverse backgrounds reflect a collective intention to enhance cold chain capabilities, promoting innovation in logistics within the industry.


Top 17 Cold Chain Logistics Investors in Latin America


1. 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 talent acquisition, fundraising, and access to a network of industry experts. Among their notable transactions, Monashees has invested in Nowports, a digital freight forwarder that raised significant funding across multiple rounds, including a $150 million Series C round in 2022. This investment highlights their engagement in the logistics sector, which is crucial for cold chain logistics. Additionally, they participated in Mandaê, a Brazilian logistics startup that raised $7.1 million in a Series B round, further showcasing their commitment to the logistics industry. These transactions reflect Monashees' strategic interest in logistics, making them a relevant player in the cold chain logistics investment landscape.


2. Grupo Traxion SAB de CV

  • Website: traxion.global
  • Type: Corporate
  • Headquarters: Loma De Chapultepec, State Of Mexico, Mexico
  • Founded year: 2011
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: grupo-traxion-sab-de-cv

Grupo Traxion SAB de CV is a corporate investor based in Loma De Chapultepec, State Of Mexico, Mexico, founded in 2011. The company specializes in logistics and transportation, providing comprehensive solutions for the mobility of goods and people across various industries, including automotive, retail, and pharmaceuticals. Traxion has made significant acquisitions to expand its logistics capabilities, including the acquisition of Medistik for US$78 million, which enhances their logistics services in the pharmaceutical sector, a key area for cold chain logistics. Additionally, their acquisition of Solistica for approximately US$208 million includes transportation management operations in Mexico and contract logistics services in multiple countries, further solidifying their position in the logistics market. Their recent acquisition of BBA Logistics for $10 million also indicates a strategic expansion into door-to-door cargo brokerage services, which may include temperature-sensitive freight. Overall, Traxion's focus on optimizing supply chains and their involvement in the pharmaceutical sector make them a relevant player in the cold chain logistics space.


3. Emergent Cold LatAm


Emergent Cold LatAm is a corporate investor based in Sao Paulo, Brazil, founded in 2017. The company specializes in cold chain logistics, providing temperature-controlled storage, transportation, and food processing services primarily for the food industry. With a focus on ensuring the safe handling of perishable goods throughout the supply chain, Emergent Cold LatAm operates a network of strategically located facilities across Latin America. Notably, they have made significant strides in expanding their operations through acquisitions, including the purchase of Qualianz, a leading storage and logistics platform in Mexico, announced on February 8, 2023, and Bajo Cero Frigoríficos, a cold storage company in Mexico, announced on September 14, 2022. These acquisitions are part of their strategy to enhance their temperature-controlled logistics network in the region, demonstrating their active role in the cold chain logistics industry.


4. 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 been involved in several significant transactions, including multiple rounds of funding for Nuvocargo, which raised $36.5 million in Series B, $12 million in Series A, and $5.3 million in a seed round. Nuvocargo focuses on logistics solutions, which is relevant to cold chain logistics. Additionally, they co-led a $7.5 million seed round for Clicampo, a Brazilian ag marketplace, which aims to digitize trade between farmers and retailers, potentially impacting the agricultural supply chain, including cold chain logistics. Their recent investment in Finkargo, which raised $20 million in Series A, further indicates their active role in the logistics sector.


5. 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 of builders. In 2024, they have made 23 investments, showcasing their active role in the startup ecosystem. Among their notable transactions, they participated in the funding rounds of Estoca, a Brazilian logistics startup, which raised a total of USD $6.1M in 2023, indicating their engagement in the logistics sector. This involvement highlights their potential interest in logistics-related startups, including those in the cold chain logistics space.


6. Cosco Shipping (South America) Co. Ltda.


Cosco Shipping (South America) Co. Ltda. is a corporate investor based in Sao Paulo, Brazil, and is part of the larger China COSCO Shipping Corporation Limited, which is a prominent player in the shipping and logistics industry. The company provides comprehensive shipping services and integrated logistics solutions, facilitating the efficient movement of goods across global markets. In 2024, Cosco Shipping acquired Trasgo, an Italian logistics company with 14 warehouse facilities, aiming to enhance its capabilities in the digital supply chain sector in Europe. This acquisition could potentially strengthen their position in cold chain logistics, although the specific focus on cold chain operations is not detailed. Additionally, their previous acquisition of a stake in the Piraeus Port Authority and plans for significant investment in port upgrades further demonstrate their commitment to expanding their logistics capabilities, which may include cold chain logistics in the future.


7. 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 early-stage investments across Latin America, providing funding and advisory services to entrepreneurs. With a portfolio of over 125 companies, Magma Partners aims to address significant regional challenges and support scalable technology businesses. Notably, they have invested in Nuvocargo, a logistics startup that raised $36.5 million in Series B funding in June 2023, as well as earlier rounds totaling $12 million in Series A and $5.3 million in Seed funding. Additionally, they led a $1 million seed round for DeltaX.la, a Bolivian freight platform, further demonstrating their engagement in the logistics sector. These transactions highlight their interest in logistics solutions, which can encompass cold chain logistics.


8. Jbs

  • Website: jbs.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1953
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: jbs

JBS S.A. is a prominent food processing company founded in 1953, headquartered in Sao Paulo, Brazil. With over 10,000 employees, JBS specializes in the production of beef, pork, poultry, fish, and plant-based products, serving a diverse customer base that includes food retailers and restaurants. The company has made significant acquisitions to enhance its operational capabilities, including the acquisition of Empire Packing Co. LP for $238 million, which includes case-ready production facilities, indicating a focus on cold chain logistics. Additionally, JBS acquired Mountain States Rosen lamb plant, further expanding its processing capabilities. Their acquisition of Pilgrims Pride for $800 million and Seara Alimentos for $2.5 billion also reflect their strategy to strengthen their market position and logistics operations. JBS operates globally with a commitment to sustainability and responsible practices, which is crucial in the cold chain logistics industry.


9. 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 invested in logistics-related companies, including CargoX, which raised $4 million in a Series A round in 2016 and $1 million in a Seed round in 2014. Additionally, they led a $1.2 million seed round for Kangu, a Brazilian e-commerce logistics network, in 2020. These investments highlight NXTP's engagement in the logistics sector, which may encompass cold chain logistics solutions.


10. Proeza Ventures

  • Website: proezaventures.com
  • Type: Venture Capital
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: proezaventures

Proeza Ventures is a venture capital firm based in Monterrey, Nuevo Leon, Mexico, founded in 2019. The firm specializes in early-stage investments, primarily within the mobility sector, aiming to partner with visionary founders to create sustainable and efficient mobility solutions. In 2024, Proeza Ventures participated in several funding rounds, including a notable investment in Cargado, a U.S.-Mexico cross-border logistics startup. Cargado raised a total of $12 million in Series A funding and $6.8 million in a Seed Round, along with an earlier pre-seed investment of $3 million. This involvement in logistics, particularly with a focus on cross-border operations, highlights Proeza Ventures' potential interest in logistics solutions, including cold chain logistics, as they seek to expand their portfolio beyond traditional mobility investments.


11. 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 participated in significant funding rounds for companies like 99 Minutos, which raised $82 million in a Series C round to expand its logistics services for e-commerce, including plans for a sustainable fleet. They also invested in Loggi, which raised $111 million in Series D funding, further emphasizing their involvement in logistics. Additionally, their investment in Chiper, an e-commerce platform, highlights their interest in companies that may intersect with logistics and supply chain solutions. Overall, Kaszek's portfolio reflects a commitment to supporting innovative logistics solutions in the region.


12. Mercadolibre.com

  • Website: mercadolibre.com
  • Type: Corporate
  • Headquarters: Buenos Aires, Buenos Aires, Argentina
  • Founded year: 1999
  • Headcount: 1001-5000
  • Number of deals in 2024: 3
  • LinkedIn: mercadolibre-com

Mercado Libre is an e-commerce platform founded in 1999, based in Buenos Aires, Argentina, that facilitates online buying and selling across various product categories, including electronics, clothing, and home goods. The platform is known for its convenient marketplace features, such as free shipping and secure payment options. In recent years, Mercado Libre has made significant investments in logistics to enhance its service offerings. Notably, they acquired Kangu, a local logistics operator in Brazil and Colombia, which strengthens their logistics network in these regions. Additionally, they participated in the Series B funding round for Mandaê, a Brazilian logistics startup, which raised US$7.1M to expand its services. These transactions highlight Mercado Libre's strategic focus on logistics, which is essential for efficient cold chain operations.


13. Crp

  • Website: crp.com.br
  • Type: Corporate
  • Headquarters: Porto Alegre, Rio Grande Do Sul, Brazil
  • Founded year: 1981
  • Headcount: 11-50
  • LinkedIn: crp

CRP Companhia de Participações is an investment firm based in Porto Alegre, Brazil, specializing in private equity and venture capital. Founded in 1981, CRP has over 35 years of experience in providing capital and strategic support to small and medium-sized enterprises, as well as larger companies seeking growth. Their portfolio spans diverse sectors, including notable investments such as Grano Congelados, which raised an undisclosed amount in a Seed Round in 2000. This investment is particularly relevant to the cold chain logistics industry, as it likely involves the storage and distribution of frozen products. Other transactions include investments in Sensorweb, BR Supply, Pisani, and Ponfac, showcasing their broad investment strategy while also indicating their capability to support companies in various stages of growth. CRP plays a crucial role in enhancing governance and management practices within their invested companies, which can be advantageous for firms in the cold chain logistics sector.


14. 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 high-potential startups, particularly in the technology sector. Msw Capital aims to foster partnerships between startups and corporations to drive growth and technological advancement. Notable transactions include a $2M investment in Speedbird Aero, a startup developing delivery drones, which could enhance logistics capabilities, and a R$ 5.5 million investment in Automni, a company specializing in autonomous mobile robots for delivery, with clients like DHL and Nestlé. These investments highlight Msw Capital's commitment to supporting innovative solutions that can impact logistics, including cold chain logistics.


15. Altra Investments

  • Website: altrainv.com
  • Type: Private Equity
  • Headquarters: Bogota, Bogota, Colombia
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: altra-investments

Altra Investments is a private equity firm based in Bogota, Colombia, founded in 2005. The firm specializes in managing investments in mid-cap companies across the Andean and Central American regions, focusing on sectors such as logistics, pharmaceuticals, and energy. Altra provides strategic guidance and capital to enhance the growth and profitability of its portfolio companies. Notably, Altra has been involved in several private equity transactions, including investments in companies like Coremar, Saturno, and Acoinsa, which, while not explicitly linked to cold chain logistics, indicate the firm's active engagement in the logistics sector. This involvement suggests that Altra may have the capacity to invest in cold chain logistics companies, aligning with their broader investment strategy.


16. TM3 Capital

  • Website: tm3.capital
  • Type: Corporate
  • Headquarters: Cidade Industrial De Curitiba, Paraná, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: triv%c3%a8llam3

TM3 Capital is an investment management firm based in Cidade Industrial De Curitiba, Paraná, Brazil, founded in 2011. The firm specializes in long-term investments across various sectors, including venture capital, asset management, and real estate. TM3 Capital aims to optimize portfolios for individual and institutional investors through innovative investment strategies and active participation in the businesses they invest in. Notably, they have been involved in transactions such as Logcomex, a logistics startup that raised USD $32.5M to expand in Latin America, which highlights their interest in the logistics sector. Other investments include Rede Frete Fácil and PackID, both of which are also related to logistics, although not specifically cold chain logistics. This diverse investment approach suggests that while TM3 Capital is not exclusively focused on cold chain logistics, they are engaged in the broader logistics industry, which may include cold chain logistics opportunities in the future.


17. WeBoost

  • Website: weboost.vc
  • Type: Corporate
  • Headquarters: Santiago, Santiago, Chile
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: weboostvc

WeBoost is a venture capital firm based in Santiago, Chile, founded in 2019. The firm focuses on investing in and supporting technology-driven startups in Latin America, providing both capital and strategic support to help these companies scale in a fragmented market. In 2022, WeBoost was involved in a significant investment in clicOH, a maritime technology company that raised USD $25 million in a Series A funding round. ClicOH operates in logistics across Mexico, Chile, Argentina, and Uruguay, and is expanding its logistics network, which may include cold chain logistics solutions. Additionally, WeBoost has made investments in other startups like Rayo LATAM and Rayo, indicating a diverse portfolio aimed at enhancing market presence in various sectors, including logistics.



Cold Chain Logistics Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Grupo Traxion SAB de CVLoma De Chapultepec, State Of Mexico, Mexico10001+20111
Emergent Cold LatAmSao Paulo, Sao Paulo, Brazil1001-500020170
Maya CapitalSao Paulo, Sao Paulo, Brazil1-1020188
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Cosco Shipping (South America) Co. Ltda.Sao Paulo, Sao Paulo, Brazil11-501
Magma PartnersProvidencia, Santiago, Chile11-5020146
JbsSao Paulo, Sao Paulo, Brazil10001+19531
NXTP VenturesBuenos Aires, Buenos Aires, Argentina11-5020114
Proeza VenturesMonterrey, Nuevo Leon, Mexico1-1020196
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
Mercadolibre.comBuenos Aires, Buenos Aires, Argentina1001-500019993
CrpPorto Alegre, Rio Grande Do Sul, Brazil11-5019810
Msw CapitalRio De Janeiro, Rio De Janeiro, Brazil1-1019992
Altra InvestmentsBogota, Bogota, Colombia11-5020051
TM3 CapitalCidade Industrial De Curitiba, Paraná, Brazil11-5020113
WeBoostSantiago, Santiago, Chile1-1020192


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