The employee benefits industry in Latin America is evolving rapidly, driven by growing awareness among employers about the importance of employee wellness and satisfaction. Companies in this sector include tech startups and established players that provide a range of services, from health insurance to benefits management platforms. Observing a shift towards providing personalized benefits and improving employee engagement, the industry is also increasingly incorporating technology to enhance service delivery. The demand for innovative solutions is reinforcing the growth potential in this sector, leading to new opportunities in financial wellness programs and integrated HR solutions that cater to modern workplaces.


The list features 17 venture capital firms primarily based in Sao Paulo and Buenos Aires, underscoring their pivotal role in the employee benefits sector. Founded between 2005 and 2021, these firms vary in size from small teams of 1-10 to slightly larger groups of about 50 employees. With 2024 witnessing significant deal counts, investors like Bossa Invest and Canary actively seek to fuel innovative startups focused on enhancing employee benefits, demonstrating a tangible commitment to transforming workplace wellness.


Top 17 Employee Benefits 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 is committed to empowering entrepreneurs and fostering growth in the startup ecosystem. Among their notable transactions, they invested in Bayzat, a Dubai-based HR and insurance startup that raised $16 million in a Series B funding round, indicating a focus on employee benefits. They also invested in Humi, which raised funds in a Seed Round, further emphasizing their interest in HR solutions. Additionally, their investment in Rippling, which raised $200 million in a Series F round, showcases their engagement with companies that streamline HR and employee management processes. These transactions highlight Bossa Invest's involvement in the employee benefits industry, making them a relevant player in this sector.


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. The firm specializes in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Notably, Canary has invested in Caju, a benefits management platform that raised R$13 million in seed funding, and Quansa, which focuses on employee financial health and raised $3.6 million with participation from Canary. These investments highlight Canary's commitment to supporting startups that enhance employee benefits and financial wellness, making them a significant player in this sector.


3. 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, focused on investing in and supporting entrepreneurs across Latin America. The firm provides capital and strategic guidance to startups, helping them navigate growth challenges and achieve their business goals. Notably, Kaszek has invested in companies like GOintegro, a human resources social engagement platform, and Pipo Saúde, a healthcare services provider. GOintegro received funding from Kaszek to expand its operations, which directly relates to employee engagement and benefits. Similarly, Pipo Saúde has raised multiple rounds of funding from Kaszek, aimed at scaling its healthcare services, which are essential for employee health benefits. These transactions highlight Kaszek's involvement in the employee benefits sector, reinforcing their role in fostering a vibrant technology ecosystem that includes employee-focused solutions.


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, offering consulting services, educational materials, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Norte Ventures aims to empower startups and foster innovation within the Brazilian market. Notably, they participated in a funding round for Quansa, a financial services startup that focuses on employee financial health, raising $3.6 million to support regional expansion and growth. This involvement highlights their interest in the employee benefits space, particularly in enhancing financial wellness for employees. Additionally, they have invested in other startups like Comp and Alinea Health, which, while not directly related to employee benefits, indicate a broader interest in innovative solutions that could intersect with employee welfare.


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 transactions, Monashees participated in the Series C funding round for Flash Benefícios, a Brazilian HR benefits company, which raised over $100 million in March 2022. They also invested in earlier rounds for Flash, including Series A and B, demonstrating a strong commitment to the employee benefits sector. Additionally, Monashees invested in Pipo Saúde, a health benefits company, further solidifying their involvement in the employee benefits industry. These investments highlight Monashees' role in supporting innovative solutions in employee benefits and health management.


6. Lupa Capital


Lupa Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2012. The firm specializes in early-stage technology companies, particularly in the healthcare, insurance, and software sectors. Lupa Capital provides not only financial investment but also strategic support to help these companies navigate growth challenges. Notably, Lupa Capital has invested in Caju, which raised $8.7 million in Series A funding in August 2021, focusing on employee benefits solutions. Additionally, it invested in Coverflex, which raised $5.99 million in a Seed Round in April 2021, offering flexible employee benefits. These transactions highlight Lupa Capital's engagement in the employee benefits sector, making it a relevant player in this space.


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 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 address significant regional challenges and support scalable technology businesses. Notably, they participated in a funding round for Quansa, a financial services startup that focuses on employee financial health, raising $3.6 million to expand its operations in Chile and Brazil. This investment highlights their engagement in the employee benefits space, alongside other investments in fintech and insurtech sectors, such as Ontop, Koltin, albo, and Mono, which may also have implications for employee benefits.


8. 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, specializing in seed-stage investments across Latin America. Founded in 2017, the firm aims to support startup founders by providing not only financial backing but also operational assistance, particularly in talent acquisition and business strategy. Among their notable transactions, Onevc invested in Pipo Saúde, a Brazilian healthcare services provider, which raised significant funding in both seed and Series A rounds. This investment highlights Onevc's engagement in the healthcare sector, which is closely tied to employee benefits. Additionally, Onevc participated in funding rounds for other startups like Caju and Tako, which may also have implications for employee benefits through their innovative approaches to health and wellness. Overall, Onevc's portfolio reflects a commitment to fostering growth in sectors that can impact employee benefits.


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. It supports tech founders in Latin America by offering funding, mentorship, and community resources to help startups scale and succeed. Latitud has been actively involved in various funding rounds, including investments in companies like Latú Seguros, an insurtech that raised $6.7 million in a pre-seed round. This investment indicates Latitud's interest in the insurance sector, which is closely related to employee benefits. Other notable transactions include investments in Alinea Health, a social investing app, and Apprenty, which further showcase Latitud's commitment to fostering growth in the tech ecosystem across different sectors.


10. Newtopia VC

  • Website: newtopia.vc
  • Type: Venture Capital
  • Headquarters: Buenos Aires, Buenos Aires, Argentina
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: newtopiavc

Newtopia Venture Capital is a venture capital firm based in Buenos Aires, Argentina, founded in 2021. The firm focuses on early-stage investments in technology startups across Latin America, providing financial support and mentorship to help these startups achieve product-market fit and grow their businesses. Among their notable transactions, Newtopia has invested in companies like Humand, which raised an undisclosed amount in a Seed Round in July 2023, potentially indicating a focus on employee-related services. They also invested in HUNTY, which raised $6,000,000 in a Seed Round in November 2022, further showcasing their commitment to supporting innovative startups that could impact employee benefits and workplace solutions. Overall, Newtopia aims to foster innovation and entrepreneurship within the Latin American tech ecosystem, which may include areas relevant to employee benefits.


11. 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 has been involved in several notable transactions, including leading a $30 million Series A funding round for Nice Healthcare, which focuses on providing accessible healthcare services. They also participated in funding rounds for Vitable Health, which aims to scale operations and expand healthcare services, potentially impacting employee benefits. Other investments include Piwi and Cíngulo, both of which are in the early stages of development. Overall, DNA Capital's focus on healthcare positions them as a player in the broader context of employee benefits, particularly in health-related services.


12. 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. Notably, Mindset Ventures participated in the funding of Angle Health, which raised $58 million in Series A funding to expand its health insurance and benefits offerings for startups and technology companies. This involvement highlights their commitment to the employee benefits sector. Additionally, they have invested in other technology-driven companies such as Rain and Brex, further showcasing their focus on innovative solutions in the market.


13. Atlantico

  • Website: atlantico.vc
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: atlanticopartners

Atlantico is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in investing in early-stage companies across Latin America, providing both funding and strategic support to innovative founders. Atlantico aims to help companies that show early signs of product-market fit navigate their growth challenges. Notably, Atlantico has participated in significant funding rounds for companies like Pipo Saúde, which raised $19,545,378 in Series A funding and focuses on health insurance solutions, and 180° Insurance, which closed a $31.4 million Series A round and offers digital insurance products that can enhance employee benefits. These transactions highlight Atlantico's engagement in the employee benefits sector, reinforcing their relevance as an investor in this space.


14. 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. Among their notable transactions, NXTP Ventures participated in the seed funding round for 123Seguro, an insurtech company that provides insurance solutions, which can be relevant to employee benefits. They also invested in Betterfly, a company that offers a platform for employee benefits and wellness, indicating some alignment with the employee benefits sector. However, the firm primarily targets a broader range of industries, which may dilute their relevance in the specific context of employee benefits.


15. 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. They specialize 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 participated in several relevant transactions, including an investment in Fiibo, a healthtech platform aimed at improving the fragmented health market, and in Bem.care and Tem Saúde, both of which are involved in health-related services. These investments highlight their commitment to enhancing health and education, which are critical components of employee benefits.


16. Alaya Capital


Alaya Capital is a venture capital firm based in Córdoba, Argentina, founded in 2010. The firm specializes in investing in the next generation of digital entrepreneurs across Latin America, providing both funding and strategic support to help startups scale and grow in competitive markets. Alaya Capital has made several notable investments, including in Betterfly, a company that could be linked to employee benefits through its focus on wellness and insurance solutions. They also invested in Coba, a paytech company that raised $2.2 million in a seed funding round, which may enhance financial services related to employee compensation and benefits. Furthermore, their investment in Backstartup, a corporate software platform, indicates a commitment to improving business operations, which can include employee management systems. Overall, Alaya Capital's focus on technology-driven businesses with a positive impact aligns with the evolving landscape of employee benefits.


17. LASP Capital

  • Website: laspcapital.com
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: lasp-capital-llc

LASP Capital is an investment management firm based in Sao Paulo, Brazil, founded in 2020. The firm specializes in global growth investing in publicly-traded equities and early-stage investments, focusing on high-quality growth companies to generate substantial returns for its clients. Their investment strategy emphasizes a long-term horizon and a unique approach to managing risks associated with market volatility. In 2022, LASP Capital participated in a Series B investment in Caju Benefícios, a company dedicated to providing employee benefits solutions, which highlights their engagement in the employee benefits sector. Additionally, they were involved in the Seed Round for Comp in 2023, a company that may also relate to employee benefits. Furthermore, their investment in 180° Insurance, a startup offering digital insurance solutions, aligns with the broader employee benefits landscape, as insurance is a critical component of employee benefits packages. Overall, LASP Capital operates primarily in the investment management sector, serving businesses and organizations seeking effective investment solutions, with a notable focus on employee benefits-related investments.



Employee Benefits Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
CanarySao Paulo, Sao Paulo, Brazil11-50201723
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Lupa CapitalSao Paulo, Sao Paulo, Brazil1-1020120
Magma PartnersProvidencia, Santiago, Chile11-5020146
OnevcSao Paulo, Sao Paulo, Brazil1-1020179
LatitudSao Paulo, Sao Paulo, Brazil11-50202024
Newtopia VCBuenos Aires, Buenos Aires, Argentina11-50202111
DNA CapitalSao Paulo, Sao Paulo, Brazil11-5020131
Mindset VenturesSao Paulo, Sao Paulo, Brazil1-1020167
AtlanticoSao Paulo, Sao Paulo, Brazil1-1020194
NXTP VenturesBuenos Aires, Buenos Aires, Argentina11-5020114
VOX CapitalSao Paulo, Sao Paulo, Brazil11-5020091
Alaya CapitalCórdoba, Cordoba, Argentina1-1020105
LASP CapitalSao Paulo, Sao Paulo, Brazil1-1020203


Want to find more investors focusing on the employee benefits industry?

If you want to find more investors that are active in the employee benefitsindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!