The sports game development industry in Latin America is rapidly evolving, characterized by a mix of startups and established companies producing engaging digital experiences. From fantasy sports platforms to competitive esports titles, firms in this space tailor offerings that attract diverse audiences. Mobile gaming has emerged as a significant player, driven by a growing population of tech-savvy users. Furthermore, blockchain technology is bringing innovation, with new avenues for monetization and gameplay emerging. As investment flows into this sector, the future looks promising, with potential for creating interactive and immersive gaming experiences.

The list features a variety of investors including venture capital firms and corporate entities, primarily based in Brazil and Argentina. Established between 2011 and 2022, these firms vary in size, with most having 1-50 employees. In 2024, investment activities peaked, with the total number of deals showcasing a robust willingness to back innovative startups. Firms like Canary and Kaszek stand out for their significant involvement in gaming ventures, reflecting the growing interest and potential of the sports game development market.

Top 17 Sports Game Development 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 has made significant strides in the gaming industry. Notable transactions include a $10 million seed investment in Sorare, a fantasy sports platform that leverages blockchain technology, and multiple investments in Zed Run, a digital horse racing game. Additionally, Bossa Invest participated in the Series B funding round for Tamatem Games, a mobile games publisher, showcasing their commitment to the gaming sector. The firm provides capital, strategic guidance, and access to a network of co-investors, while also offering educational resources to empower entrepreneurs and foster growth in the startup ecosystem.

2. 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 the gaming sector, particularly through investments in companies like Studio 369, which is developing the blockchain-powered multiplayer PvP-focused shooter MetalCore. This investment highlights their commitment to the gaming industry, especially in the context of blockchain technology. Additionally, they participated in funding rounds for Mighty Bear Games, which is focused on creating immersive AAA blockchain games, further demonstrating their engagement in the gaming landscape.

3. 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 also invested in the gaming industry, with significant transactions including Widow Games, which raised $280,000 in a Seed Round in December 2013, and TinyBytes Games, which raised $988,000 in a Series A round in July 2018, as well as an earlier Seed Round of $400,000 in July 2014. These investments highlight NXTP's engagement in the gaming sector, making them a relevant player in the sports game development landscape.

4. Go4it Capital

• Website: go4itcapital.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2015
• Headcount: 1-10
• LinkedIn: go4itcapital

Go4it Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2015. The firm partners with exceptional entrepreneurs to build innovative global businesses in sports, digital media, and well-being. Go4it Capital focuses on providing investment and strategic support to help these businesses grow and create a more active and enjoyable world. Notable transactions include a Series A investment in Sorare, a fantasy sports platform that raised over $48 million, and seed investments in G2 Esports and Gamers Club, both of which are significant players in the esports and gaming industry. These investments highlight Go4it Capital's commitment to the sports game development sector and its potential to contribute to the growth of this industry.

5. Snackclub

• Website: snackclub.gg
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 51-200
• Number of deals in 2024: 1
• LinkedIn: snackclubgg

Snackclub is a corporate investor based in Sao Paulo, Brazil, founded in 2021. They are a gaming community and esports organization that focuses on engaging gamers through tournaments and events, providing opportunities for players to compete for crypto prizes. Snackclub has been involved in several notable transactions in the gaming sector, including a $15 million seed round investment in Blocklords, a blockchain-based game, and a $2.4 million investment in Theia Studios, an independent game studio. They also participated in a $7.5 million seed funding round for Midnight, a gaming company based in Los Angeles. These investments indicate their active role in the gaming industry, which may encompass various genres, including sports games.

6. 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 focuses on supporting innovative teams at the forefront of decentralized networks and deep tech, providing capital and strategic guidance to entrepreneurs and management teams. In 2024, they participated in notable transactions such as Gunzilla Games, which raised $10 million in an Initial Coin Offering, and Dynasty Studios, which secured $55,000 in a seed round. Additionally, they were involved in Pixelmon, a web3 project that raised $8 million to revamp its IP, indicating their interest in gaming and technology convergence. Their investment strategy is centered around identifying generational innovations that can redefine industries, which aligns with the evolving landscape of sports game development.

7. Nexo

• Website: nexo.com
• Type: Corporate
• Headquarters: Georgetown, Demerara-Mahaica, Guyana
• Founded year: 2018
• Headcount: 501-1000
• LinkedIn: nexofinance

Nexo is a financial technology company founded in 2018, specializing in digital asset management and cryptocurrency services. Based in Georgetown, Demerara-Mahaica, Guyana, Nexo offers a platform for users to buy, exchange, and borrow against cryptocurrencies, catering to both individual consumers and businesses. The company provides innovative financial solutions, including a loyalty program and corporate accounts, to enhance the management of digital assets. Nexo has participated in several funding rounds for projects that have relevance to the gaming industry, such as Time Shuffle, DOMI Online, and Kaleidoco. Notably, Kaleidoco raised $7 million for its metaverse and AR tech platform, which aligns with the growing intersection of gaming and digital assets. Nexo's involvement in these transactions suggests an interest in the gaming sector, particularly in projects that leverage emerging technologies.

8. 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 been involved in several notable transactions in the gaming sector, including investments in Joyride Games and Matchday, both of which focus on gaming and sports gaming respectively. Additionally, they have invested in Gamers Club, a platform that connects gamers, further emphasizing their interest in the gaming industry. Their approach to supporting startups through valuable connections and resources positions them as a significant player in the sports game development landscape.

9. Verve Capital

• Website: vervecapital.us
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn: verve-capital

Verve Capital 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, providing not only funding but also strategic support to help entrepreneurs achieve significant growth. While their primary focus includes sectors such as FinTech, HealthTech, and EdTech, they have also made notable investments in the sports gaming sector. For instance, they have invested in Rei do Pitaco, a fantasy sports platform that raised a total of $6.1 million across multiple funding rounds, indicating a strong interest in sports-related ventures. Additionally, their involvement in Tipspace, a software application for 'play-to-earn' games, further highlights their engagement in the gaming industry, which can encompass sports game development. This blend of technology and gaming positions Verve Capital as a relevant player in the sports game development landscape.

10. 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 gaming companies, including a $60 million Series A investment in Wildlife Studios, a prominent mobile game developer. Additionally, they have invested in Mobile Premier League, a mobile gaming platform that has raised substantial amounts in various funding rounds, including $90 million in Series C and $150 million in Series E. These transactions highlight Base Partners' active role in the gaming industry, particularly in sectors that may intersect with sports game development.

11. 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 $74 million growth funding round for FZ Sports, a Miami-based sports media and technology company, alongside other investors. This investment highlights their engagement in the sports sector, particularly in technology-driven solutions that could relate to sports game development. Additionally, their diverse investment strategy includes sectors like fintech and insurtech, showcasing their adaptability and interest in various industries.

12. 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. They focus on empowering startups in the technology sector by providing resources, consulting services, and investment management. Norte Ventures has been active in the gaming industry, with notable transactions including their investment in Jungle, a web3 game studio that raised $6 million to develop a mobile NFT shooter game, and Katapult Studios, which raised $6 million in its seed round. These investments highlight their commitment to fostering innovation in gaming, which may extend to sports game development as the industry evolves.

13. 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, Kaszek has been involved in significant transactions, including a Series A funding round for Rei do Pitaco, a fantasy sports platform, where they co-led a R$180 million investment. This involvement highlights their interest in the sports gaming sector. Additionally, they participated in the seed funding for Rei do Pitaco, further demonstrating their commitment to the sports gaming industry. Other investments, such as in edtech and e-commerce, showcase their diverse portfolio, but their engagement with sports-related startups positions them as a relevant investor in the sports game development space.

14. Upload Ventures

• Website: upload.ventures
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2022
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: upload-ventures

Upload Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2022. The firm focuses on investing in and supporting technology-driven companies across various industries, including SaaS, healthtech, and gaming. They aim to partner with startups to provide the necessary investment, consulting, and resources for growth, particularly targeting Latin American leaders. Notably, Upload Ventures has invested in Wildlife Studios, a prominent gaming company, and led a funding round for Tipspace, a software application designed for 'play-to-earn' games, raising $3 million. This involvement in gaming, especially in innovative models that could intersect with sports, highlights their relevance in the sports game development sector.

15. Valhalla Capital

• Website: valhalla.capital
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: valhalla-capital

Valhalla Capital is a venture capital firm based in San Juan, Puerto Rico, that supports founders and builders in decentralized finance, play-to-earn, and the metaverse. They provide essential services such as capital, connections, research, and strategic guidance to help startups navigate their respective industries. Notably, Valhalla Capital has participated in several seed funding rounds for gaming-related projects, including Genopets, which raised $8.3 million, and GameDAO, which secured $2 million. These investments highlight their interest in innovative gaming solutions that could potentially include sports game development, especially as the gaming landscape evolves towards decentralized and play-to-earn models.

16. 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, Rio Grande Do Sul, 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, and they emphasize enhancing governance and management practices within their invested companies. Notably, CRP was involved in the seed round investment in Aquiris on May 28, 2014, a company recognized for its contributions to the gaming industry, including sports games. Additionally, they participated in a Series A funding round for ALavadeira, further showcasing their engagement in the tech and gaming sectors.

17. 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 specializes in early-stage investments in technology startups throughout Latin America, providing not only financial support but also mentorship to help these startups achieve product-market fit and scale their businesses. Among their notable transactions, Newtopia VC invested in Mokens League, an NFT-based eSports platform that raised $2 million in seed funding for game development and server construction. This investment highlights their commitment to fostering innovation in the gaming sector, particularly in the realm of sports and eSports. Additionally, they have participated in other funding rounds, such as Slice Token and Enigma.art, further demonstrating their active role in the tech ecosystem.

Sports Game Development Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Sanctor Capital	San Juan, San Juan, Puerto Rico	1-10	2021	8
NXTP Ventures	Buenos Aires, Buenos Aires, Argentina	11-50	2011	4
Go4it Capital	Sao Paulo, Sao Paulo, Brazil	1-10	2015	0
Snackclub	Sao Paulo, Sao Paulo, Brazil	51-200	2021	1
Infinite Capital	San Juan, San Juan, Puerto Rico	1-10	2017	7
Nexo	Georgetown, Demerara-Mahaica, Guyana	501-1000	2018	0
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
Verve Capital	Sao Paulo, Sao Paulo, Brazil	1-10	2019	3
Base Partners	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
Magma Partners	Providencia, Santiago, Chile	11-50	2014	6
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
Kaszek	Sao Paulo, Sao Paulo, Brazil	11-50	2011	17
Upload Ventures	Sao Paulo, Sao Paulo, Brazil	11-50	2022	3
Valhalla Capital	San Juan, San Juan, Puerto Rico	1-10		2
Crp	Porto Alegre, Rio Grande Do Sul, Brazil	11-50	1981	0
Newtopia VC	Buenos Aires, Buenos Aires, Argentina	11-50	2021	11

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