The speech recognition industry in Latin America is rapidly evolving, driven by advancements in artificial intelligence and increasing demand for natural language processing. Companies ranging from startups to established firms are creating innovative solutions, including voice-enabled applications, transcription services, and customer service automation. Key players are focusing on sectors like education, healthcare, and finance, exploring the potential of voice technology to enhance user experience. As more people embrace smart devices and voice commands, the industry is expected to grow significantly, creating abundant opportunities for investment and collaboration in the coming years, positioning Latin America as a promising hub for speech technology.

This article spotlights 17 prominent investors in Latin America's speech recognition sector. The list features a mix of venture capital and corporate investors primarily based in São Paulo, reflecting the region's innovation center. With firms ranging from established entities like Thomson Reuters to newer players like Raio Capital, these investors have engaged successfully in numerous deals throughout 2024, showing a clear interest in technology-driven opportunities. Their deals vary widely in size, with a few focusing on startups to drive strategic growth in this evolving market.

Top 17 Speech Recognition 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. Bossa Invest supports startups by providing capital, strategic guidance, and access to a network of co-investors. They also offer educational resources for investors and startups, aiming to empower entrepreneurs and foster growth in the startup ecosystem. Notably, Bossa Invest has participated in funding rounds for companies like Sanas, which focuses on speech recognition technology, and Deepgram, a company that specializes in speech recognition and natural language processing. These investments highlight Bossa Invest's engagement in the speech recognition industry, alongside their broader focus on technology startups.

2. 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 specializes in legal services and information technology solutions, providing a range of products including legal research tools and tax compliance software. In 2024, Thomson Reuters Costa Rica has been active in the investment space, with notable transactions including the acquisition of Safe Sign Technologies, which aims to enhance their AI capabilities, particularly through the CoCounsel AI Assistant. This acquisition aligns with their interest in integrating advanced technologies into their legal services. Additionally, they have acquired Materia, further indicating their commitment to expanding their technological capabilities. While they have also invested in cybersecurity through Enveil, their focus on AI and legal technology suggests a potential interest in speech recognition applications within their core business.

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. Notably, Mindset Ventures has participated in funding rounds for companies like Hyro, which raised $10.5 million in Series A funding with their participation, and $20 million in Series B funding, highlighting their commitment to AI-driven solutions in healthcare. This involvement in Hyro, which focuses on conversational AI and speech recognition, showcases Mindset Ventures' interest in the speech recognition industry, alongside their broader investment strategy.

4. 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 has invested in Music AI, which raised significant funding in multiple rounds, including $40 million in a Series A round in January 2025 and $8.65 million in a Seed round in August 2022. These investments indicate Monashees' interest in companies that may be involved in audio and potentially speech recognition technologies, aligning with their focus on innovative tech solutions.

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. The firm specializes in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Canary has made 23 investments in 2024 alone, showcasing their active role in the startup ecosystem. Notably, they have invested in ChatClass, a company that raised funds in 2017 and is likely involved in educational technology that utilizes speech recognition. Additionally, they have backed Darwin AI, which raised $2.5 million in 2024, indicating a focus on AI technologies that may intersect with speech recognition. Their portfolio also includes Lexter, which has raised significant funds in both Pre-Seed and Series A rounds, further demonstrating their commitment to supporting innovative startups.

6. 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 involved in several notable transactions, including a $1.5 million pre-seed round for Anyone AI, a company focused on training individuals in AI technologies, which is closely related to speech recognition. Additionally, they have invested in Darwin AI, which also aligns with AI advancements. By connecting entrepreneurs with investors and providing essential tools, Latitud fosters growth in the tech ecosystem, particularly in sectors that include speech recognition and AI.

7. Kptl

• Website: kptl.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn: inseed-investimentos

Kptl is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. With a team of 11-50 professionals, Kptl specializes in investing in innovative startups across various sectors in Brazil. They have made over 124 investments, providing both capital and strategic guidance to help companies grow. Notably, Kptl has invested in SVATech, a company focused on speech recognition technology, through two Series A funding rounds in 2017 and 2021, raising a total of approximately $2.7 million. This involvement highlights Kptl's interest in the speech recognition industry, alongside their broader investment strategy that includes other sectors.

8. 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, support, and consulting services to help entrepreneurs navigate the challenges of building and scaling their businesses. Norte Ventures has been involved in several notable transactions, including investments in Lexter, Avra, and NeuralMed. Lexter raised $540,000 in a Pre-Seed round, while NeuralMed secured $1,900,743 in a Seed round, indicating their commitment to supporting early-stage technology companies. Their participation in the funding rounds of various tech startups highlights their role in fostering innovation in the Brazilian market, which may include sectors related to speech recognition.

9. Dgf

• Website: dgf.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2001
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: dgf-investimentos

DGF is a venture capital firm based in Sao Paulo, Brazil, founded in 2001. The firm specializes in investing in high-growth technology companies, providing not only capital but also strategic support and networking opportunities to help these companies accelerate their growth. DGF has been involved in several notable transactions, including investments in Rocket.Chat, a communication platform that has raised significant funding to enhance its services, and Stilingue, a startup focused on social media analytics. These investments highlight DGF's commitment to supporting innovative technology solutions that may include applications in speech recognition and communication technologies.

10. GRIDS Capital

• Website: gridscapital.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn: grids-capital

GRIDS Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in deep tech ventures, providing investment and market analysis services to entrepreneurs and businesses in advanced technology sectors. GRIDS Capital aims to build a diverse portfolio that supports innovation and development in industries such as artificial intelligence and life sciences. Notable transactions include investments in Flex Logix Technologies, which focuses on AI hardware, and Instrumental, a company that leverages AI for manufacturing processes. These investments indicate GRIDS Capital's commitment to supporting technologies that could be relevant to the speech recognition industry.

11. boostLAB Powered by BTG Pactual

• Website: boostlab.com.br
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn: boostlab-btgpactual

boostLAB Powered by BTG Pactual is a consulting firm based in Sao Paulo, Brazil, founded in 2018. The firm specializes in providing mentorship and financial services to startups, helping them navigate growth challenges and access credit lines. In recent years, boostLAB has participated in several seed rounds, including notable investments in companies like NeuralMind, which focuses on AI and machine learning, and STILINGUE, which is involved in AI-driven solutions. These investments indicate boostLAB's engagement with innovative technologies, including those relevant to speech recognition. Additionally, they have invested in other startups like Turivius and Wevo, further demonstrating their active role in supporting emerging tech companies.

12. Alexia Ventures

• Website: alexia.vc
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn: alexia-vc

Alexia Ventures 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, with a strong emphasis on software, AI, and blockchain sectors. Their investment strategy is network-driven, providing not only capital but also resources to help entrepreneurs develop disruptive business models. Notable transactions include a Series A investment in Lexter, which raised over $3 million, and a significant $10 million Series A bridge round for Rocket.Chat, a startup focused on communication solutions. Additionally, they have invested in healthtech startups like NeuralMed, which aims to enhance technology use in healthcare. While not exclusively focused on speech recognition, their involvement in AI and communication technologies positions them as a potential player in the speech recognition industry.

13. 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 and venture capital 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, they have been involved in significant transactions such as Semantix, which raised $94 million in Post-IPO equity in 2022 and has relevance in the speech recognition domain through its AI and data analytics capabilities. Additionally, their investment in Tell during its seed round in 2024 indicates their active engagement in early-stage technology ventures, which may include speech recognition technologies.

14. 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 the funding round for Anyone AI, which secured $1.5 million in a pre-seed round in June 2022, alongside other notable investors. This investment highlights their interest in technology sectors that may include speech recognition, as AI is a critical component in this field. Additionally, their diverse investment strategy suggests they may consider opportunities in various tech domains, including those related to speech recognition.

15. big_bets

• Website: bigbets.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 10
• LinkedIn:

big_bets is an investment and consulting agency based in Sao Paulo, Brazil, founded in 2019. They specialize in partnering with entrepreneurs to support the development of technology startups by providing investment consulting, mentoring, and strategic guidance. In 2024, they have already made 10 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they participated in the Seed funding round for NuMind, which focuses on creating custom NLP models, a critical area for speech recognition technology. Additionally, they have invested in Aivia.ai and Menten AI, both of which are involved in AI and technology sectors that could intersect with speech recognition applications. Their commitment to innovative tech startups positions them as a relevant player in the speech recognition industry.

16. Globant Ventures

• Website: globantventures.com
• Type: Venture Capital
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: globantventures3

Globant Ventures is a venture capital firm based in Buenos Aires, Argentina, founded in 2017. The firm focuses on investing in innovative startups that are at the forefront of AI, Blockchain, and future work technologies. Globant Ventures not only provides capital but also offers mentorship and access to office spaces, aiding entrepreneurs in their growth journey. Notably, they participated in the funding rounds of ELSA, an English learning app that raised $23 million in Series C funding in September 2023 and $15 million in Series B funding in January 2021. ELSA utilizes speech recognition technology to help users improve their English speaking skills, highlighting Globant Ventures' engagement in the speech recognition domain. Additionally, they have invested in other startups like LinkedAI and B2Chat, which may also intersect with AI technologies, further showcasing their commitment to innovative tech solutions.

17. LIP Ventures Boutique

• Website: lip.lat
• Type: Corporate
• Headquarters: Cuajimalpa, Mexico City, Mexico
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: lip-ventures-boutique

LIP Ventures Boutique is a venture capital firm based in Cuajimalpa, Mexico City, Mexico, founded in 2019. The firm specializes in providing funding and business development services to technology startups in Latin America. They support entrepreneurs by offering market access and professional consulting, while also connecting investors with high-potential investment opportunities in the tech sector. Notable transactions include a Series C investment in Autobrains, which focuses on AI technologies, and a Series B investment in Tabnine, a company that utilizes AI for code completion, indicating their engagement with advanced technology sectors that may intersect with speech recognition. Additionally, they have invested in companies like Pyramid Analytics and Ibex Medical Analytics, which, while primarily focused on analytics and medical diagnostics, also leverage AI technologies that could relate to speech recognition applications.

Speech Recognition Insights: Key Investors in Latin America

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