The internet service provider industry in Latin America has been rapidly evolving in recent years. A mix of traditional telecom companies and innovative startups now operates within this sector, offering services that range from internet connectivity to cloud solutions. With the ongoing smartphone penetration and growing demand for high-speed internet, firms are continuously optimizing their service offerings. The industry is heading towards greater inclusivity, seeking to bridge digital gaps across urban and rural areas. Moreover, initiatives to enhance internet infrastructure promise a more connected future, which could be crucial for economic growth in the region.


The collection of investors detailed here showcases a blend of corporate and venture capital firms, predominantly based in Brazil and expanding across Latin America. The investors range in size from small teams to robust companies with thousands of employees. With many founded in the 2000s, they've shown an aggressive investment strategy in 2024, reflecting the growing importance of technology and connectivity. For example, firms like Bossa Invest and Monashees have already executed notable numbers of investments, underscoring their commitment to advancing the internet service provider sector.


Top 18 Internet Service Provider 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 supports these startups by providing capital, strategic guidance, and access to a network of co-investors, while also offering educational resources to empower entrepreneurs. Among their notable transactions, Bossa Invest has participated in funding rounds for companies like Plume Design, which raised significant capital to enhance its smart home services and internet connectivity solutions. This involvement highlights Bossa Invest's engagement in the internet service provider context, as Plume operates in a space that directly relates to internet services. Additionally, Bossa Invest has made investments in various other startups, demonstrating a commitment to fostering growth in the technology ecosystem.


2. Brasil TecPar


Brasil TecPar is a corporate investor based in Sao Paulo, Brazil, founded in 1996. The company specializes in telecommunications and technology services, focusing on enhancing internet connectivity across Brazil. In 2024, Brasil TecPar has been actively expanding its portfolio in the internet service provider sector through several strategic acquisitions. Notably, they acquired Acessoline Telecomunicações and Itelfibra Telecom on September 6, 2024, both of which are significant players in the ISP market. Additionally, they acquired Nova Rede de Telecomunicações for BRL 74.75 million, which serves approximately 45,000 customers and generates an annual revenue of R$ 54 million. They also acquired Sempre Internet as part of their expansion strategy in Minas Gerais. These transactions highlight Brasil TecPar's commitment to growing its influence in the internet service provider industry, making it a relevant investor in this space.


3. Invest Tech Brazil

  • Website: investtech.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: invest-tech-brazil

Invest Tech Brazil is a venture capital firm based in Sao Paulo, Brazil, founded in 2004. The firm specializes in venture capital and private equity, focusing on supporting innovative companies in Brazil by providing funding and enhancing their operational and governance structures. Invest Tech's investment strategy targets technology-driven businesses across various sectors, contributing to the growth and development of the Brazilian market. Notably, they have made several investments in America Net, a company that has raised substantial funds through private equity rounds, indicating their commitment to the internet service provider sector. In addition, they invested $4 million in Configr, a cloud infrastructure management company, which further highlights their involvement in technology-related investments that support internet services.


4. eB Capital

  • Website: ebcapital.com.br
  • Type: Private Equity
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • LinkedIn: ebcapitalbr

eB Capital is an investment management firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in alternative investments, focusing on private equity, infrastructure, and real estate. eB Capital aims to generate value by addressing structural gaps in the Brazilian economy, catering to both institutional and individual investors seeking growth opportunities across various sectors. Notably, eB Capital has made significant strides in the telecommunications sector, highlighted by its acquisition of Vip Br Telecom in May 2021 through its telecom infrastructure arm, EB Fibra. This acquisition reflects eB Capital's commitment to expanding its portfolio in the fiber optic telecommunications sector, enhancing its market share in providing internet services. Additionally, their earlier investment in Sumicity in December 2018 further underscores their engagement in the telecommunications landscape, positioning them as a relevant player in the internet service provider industry.


5. 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 is dedicated to 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. Among their notable transactions, they invested in Somos Internet, which raised $13.4 million in a seed round in January 2023, indicating their commitment to the internet service provider sector. Additionally, they have supported ComparaOnline, which focuses on scaling its technology platform, further showcasing their involvement in technology and internet services. Kaszek's diverse portfolio and strategic guidance to startups highlight their role in navigating growth challenges in the tech landscape.


6. 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 OXIO, a telecom-as-a-service platform that raised $40 million in a Series B funding round, aimed at expanding its network in Mexico, the U.S., and Brazil. They also participated in OXIO's earlier Series A round, which raised $13 million. Additionally, Monashees invested in Azion, a company focused on edge computing and content delivery, which is relevant to internet service provision. Their portfolio also includes investments in Rocket.Chat, an open-source chat platform, showcasing their diverse interests in technology. Overall, Monashees is committed to supporting innovative companies that are shaping the future of technology and telecommunications in Latin America.


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 over 15 years of experience in the investment landscape, Kptl has made more than 124 investments, focusing on innovative startups across various sectors. Among their notable transactions, Kptl participated in the Series A funding round for Configr, a cloud infrastructure management company, which received $4 million to enhance product development and commercial growth. Additionally, Kptl was involved in the funding of Cianet, which raised $2,645,510 in a Series A round, indicating their commitment to supporting companies in the internet service provider domain. Their diverse investment strategy includes companies that provide essential services for internet operations, making them a relevant player in the internet service provider industry.


8. 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. Notable transactions include their investment in Akash Network, which raised $2 million in a venture round, focusing on decentralized cloud computing, and Theta Labs, which raised $1 million in a seed round. Additionally, they participated in the seed funding of D3 Global, which raised $5 million, showcasing their commitment to innovative technology solutions. Their investment strategy is centered around identifying generational innovations that can redefine industries, which may include aspects of internet service provision, particularly in decentralized contexts.


9. 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 and fostering innovation in the technology sector, providing resources, consulting services, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Notably, Norte Ventures participated in a significant investment in Nomo, a digital mobile operator, which received approximately R$14 million in funding. This investment highlights Norte Ventures' engagement in the internet service provider industry. Additionally, they have been involved in various other technology-focused transactions, such as supporting Hyperplane AI and Gabriel, although these are not directly related to internet service provision. Their active role in the Nomo investment positions them as a relevant player in the internet service provider landscape.


10. Chile Ventures

  • Website: chileventures.vc
  • Type: Venture Capital
  • Headquarters: Santiago, Santiago, Chile
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: chile-ventures

Chile Ventures is a venture capital firm based in Santiago, Chile, founded in 2015. The firm specializes in investing in technology startups, particularly those with recurring revenue models, and provides financial support ranging from $50k to $500k. They focus on small and medium enterprises in Latin America, addressing their need for access to financial products and growth resources. Among their notable transactions, they invested in Zapping, which raised $500,000 in 2017, and Zapping TV, which also raised $500,000 in 2018. Both companies are involved in the streaming and media sector, which aligns with internet service provision. Additionally, they participated in the seed round for Boardgent in 2021, further showcasing their commitment to technology-driven startups.


11. Namari Capital


Namari Capital is a venture debt provider based in Sao Paulo, Brazil, specializing in offering financial solutions to innovative startups and high-growth companies. Founded with a focus on providing capital without diluting equity, Namari Capital enables businesses to extend their runway and finance strategic investments. Their clients typically have a proven product and a strong sales model, seeking flexible financing options to support their growth. Notably, Namari Capital has been involved in significant transactions within the internet service provider context, including a debt financing round for Umbler, a cloud hosting provider, which raised $1,868,670 in July 2022. Additionally, they provided $2,013,247 in debt financing to Obvious Fibra in February 2024, further demonstrating their engagement in the internet service provider sector.


12. 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 in Latin America, providing capital, co-founding assistance, and fostering a strong community of builders. Canary has been involved in various transactions, including a notable investment in Gabriel, a technology and security-focused AI startup that raised $12 million in Series A funding. Gabriel's plans to build a safety surveillance camera network in major cities could relate to internet services, as it may involve internet connectivity for its operations. Additionally, Canary participated in the seed funding rounds for Siglo, which indicates their engagement in technology-driven ventures. Their diverse investment portfolio and focus on technology suggest that they are well-positioned to support internet service providers or related startups.


13. Vinci Compass Brasil

  • Website: vincipartners.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2009
  • Headcount: 501-1000
  • Number of deals in 2024: 3
  • LinkedIn: vincipartners

Vinci Compass Brasil is a private equity investment management firm based in Rio de Janeiro, Brazil, founded in 2009. The firm specializes in a variety of financial services, including Private Equity, Infrastructure, Real Estate, and Corporate Advisory. Vinci Partners serves institutional investors and high-net-worth individuals, helping them navigate investment opportunities and optimize their portfolios for growth. Notably, Vinci Compass Brasil has made significant investments in the internet service provider sector, including the acquisition of Vero Internet on May 28, 2019. This strategic acquisition highlights their commitment to the ISP industry. Additionally, they participated in a Post-IPO Secondary for Vitru, which, while not a direct ISP investment, indicates their engagement in the broader telecommunications and technology sectors.


14. 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 in the Web3 space, providing mentorship and acceleration services to help founders navigate the challenges of launching their startups. Notably, Sanctor Capital has been involved in several transactions that highlight their interest in internet service provision. For instance, they participated in the funding of Meson Network, which aims to create a bandwidth marketplace on Web3, showcasing their commitment to internet infrastructure. Additionally, they have invested in Aethir and Oort, both of which are technology-focused projects that may intersect with internet services. Their diverse portfolio reflects a strong inclination towards technology and blockchain innovations, making them a relevant player in the internet service provider sector.


15. 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, including investments in companies like SAM Seamless Network, which raised $3.5 million in a seed round and focuses on enhancing network security and connectivity. They also participated in funding rounds for Xyte, a company that secured $30 million in a Series A round, which is relevant to the internet service provider context as it deals with IoT and connectivity solutions. These investments highlight Mindset Ventures' commitment to supporting innovative technologies that can impact the internet service provider landscape.


16. Méliuz

  • Website: meliuz.com.br
  • Type: Corporate
  • Headquarters: Belo Horizonte, Minas Gerais, Brazil
  • Founded year: 2011
  • Headcount: 201-500
  • Number of deals in 2024: 1
  • LinkedIn: meliuz

Méliuz is a corporate investor based in Belo Horizonte, Minas Gerais, Brazil, founded in 2011. It primarily operates as a cashback service and discount coupon provider, helping consumers save money on online purchases through partnerships with various online retailers. In 2021, Méliuz expanded its investment portfolio by acquiring Melhor Plano for approximately $1.9 million. Melhor Plano is a platform that assists consumers in comparing internet plans and services, which directly ties into the internet service provider industry. This acquisition reflects Méliuz's strategic interest in enhancing its offerings and entering the telecommunications market, thereby positioning itself as a relevant investor in the internet service provider sector.


17. América Móvil

  • Website: americamovil.com
  • Type: Corporate
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 2000
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: am-rica-m-vil

América Móvil, S.A.B. de C.V., founded in 2000 and based in Mexico City, is a prominent telecommunications company in Latin America. With over 10,000 employees, the company offers a wide array of services, including wireless and fixed-line telecommunications, catering to both consumers and businesses. América Móvil focuses on enhancing connectivity and customer experience through advanced communication solutions. Notably, they have made significant investments in the internet space, such as their acquisition of Smartcom, which strengthens their telecommunications portfolio. Additionally, their strategic investment in Mobli, a social-mobile photo and video-sharing platform, highlights their commitment to expanding their digital services and enhancing their internet offerings. This investment not only supports Mobli's growth but also aligns with América Móvil's strategy to innovate and lead in the telecommunications and internet service sectors.


18. Positivo Tecnologia


Positivo Tecnologia is a corporate investor based in Curitiba, Paraná, Brazil, founded in 1989. The company specializes in developing, manufacturing, and selling a diverse range of technology products, including computers, mobile phones, and educational technologies. Their clientele spans consumers, businesses, and educational institutions, all of whom rely on Positivo's solutions for digital transformation and operational efficiency. In 2024, Positivo Tecnologia announced the acquisition of Algar TI Consultoria, which may enhance their service offerings in the technology and internet sectors. Additionally, they participated in a seed round investment for Encontre um Nerd in 2021, raising $2,000,000, which could indicate their interest in tech-related services that may intersect with internet service provision.



Internet Service Provider Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Brasil TecParSao Paulo, Sao Paulo, Brazil1001-500019967
Invest Tech BrazilSao Paulo, Sao Paulo, Brazil11-5020041
eB CapitalSao Paulo, Sao Paulo, Brazil11-5020170
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
KptlSao Paulo, Sao Paulo, Brazil11-5020205
Infinite CapitalSan Juan, San Juan, Puerto Rico1-1020177
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
Chile VenturesSantiago, Santiago, Chile1-1020155
Namari CapitalSao Paulo, Sao Paulo, Brazil1-101
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Vinci Compass BrasilRio De Janeiro, Rio De Janeiro, Brazil501-100020093
Sanctor CapitalSan Juan, San Juan, Puerto Rico1-1020218
Mindset VenturesSao Paulo, Sao Paulo, Brazil1-1020167
MéliuzBelo Horizonte, Minas Gerais, Brazil201-50020111
América MóvilMexico City, Mexico City, Mexico10001+20001
Positivo TecnologiaCuritiba, Paraná, Brazil5001-1000019891


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