The nail salon industry in Latin America is thriving, driven by rising beauty trends and increased disposable income. Salons range from upscale establishments offering luxurious treatments to affordable options catering to budget-conscious consumers. Many salons now integrate technology, enhancing client experiences through online booking and digital payment solutions. The industry is witnessing a shift towards eco-friendly practices and organic products, responding to customer demand for sustainability. With more women entering the workforce and social media influencing beauty standards, the nail salon sector is set for further growth, offering lucrative opportunities for entrepreneurs and investors alike.

The top investors in the nail salon sector include various venture capital and private equity firms, predominantly based in Brazil and Mexico. These investors, founded mainly in the last decade, typically range in size from small to medium-sized teams. In 2024, they collectively engaged in numerous deals, with some firms like Bossa Invest reporting an impressive portfolio of 56 investments. Each investor is focused on supporting innovative startups within beauty, technology, and retail, amplifying their impact on the nail salon industry.

Top 8 Nail Salon 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, while also supporting businesses in the beauty industry. Notably, Bossa Invest has participated in funding rounds for The Ten Spot Beauty Bars, a company that operates beauty bars offering nail services, and Madison Reed, a beauty brand focused on hair color. These investments highlight Bossa Invest's interest in the beauty sector, which aligns with the nail salon industry. The firm provides capital, strategic guidance, and access to a network of co-investors, aiming to empower entrepreneurs and foster growth in the startup ecosystem.

2. Igah, Ventures.

• Website: igahventures.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: ebricks-ventures

Igah Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in seed and early-stage investments in innovative startups across various sectors, including technology, healthcare, and finance. Notably, Igah Ventures has made investments in beauty-related companies such as 3,2,1 Beauty and Lilly Estética, which raised undisclosed amounts in venture rounds in 2020 and 2021, respectively. These transactions highlight their engagement in the beauty industry, suggesting a commitment to supporting entrepreneurs in this space. Additionally, they have invested in Dr. JONES, a company that raised significant funding in both seed and venture rounds, further demonstrating their active role in fostering growth and innovation in sectors that may overlap with nail salons.

3. 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. Notably, Norte Ventures participated in a significant transaction involving Morado, a Colombian wholesale marketplace for beauty salons, which raised USD 5 million in a pre-seed round. This investment highlights their engagement in the beauty industry, which includes nail salons. Other transactions include investments in Skelt and Dr. JONES, although these are not directly related to the nail salon sector. Overall, Norte Ventures is focused on empowering startups and fostering innovation in the Brazilian market, with a willingness to invest in beauty-related ventures.

4. Opera Ventures

• Website: opera.ventures
• Type: Venture Capital
• Headquarters: Bogota, Bogota, Colombia
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: opera-ventures

Opera Ventures is a venture capital fund founded in 2021, based in Bogota, Colombia, that focuses on early-stage investments in technology companies across Latin America. The firm partners with passionate founders to provide funding ranging from $100k to $1M, along with expertise to help startups grow. Their mission is to accelerate value creation in the region by supporting tech entrepreneurs. Notably, Opera Ventures participated in a significant transaction involving Morado, a Colombian wholesale marketplace for beauty salons, which raised a USD5m pre-seed round led by Tiger Global and H20 Capital. This involvement highlights their interest in the beauty and salon industry, making them a relevant player in the nail salon investment space.

5. 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 providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been active in the tech ecosystem, with 24 investments in 2024 alone. One notable transaction is their participation in a USD5 million pre-seed round for Morado, a Colombian wholesale marketplace for beauty salons, which highlights their engagement in the beauty industry. This involvement indicates that Latitud is not only focused on tech but also recognizes the potential in businesses that serve beauty salons, including nail salons.

6. FEMSA Ventures

• Website: femsaventures.com
• Type: Venture Capital
• Headquarters: Chihuahua, Chihuahua, Mexico
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: femsaventures

FEMSA Ventures is a Corporate Venture Capital firm based in Chihuahua, Mexico, founded in 2018. They focus on investing in innovative startups and entrepreneurs across various sectors, including retail and technology, primarily targeting the Latin American market. In 2022, they participated in a significant pre-seed round for Morado, a Colombian wholesale marketplace for beauty salons, which was led by Tiger Global and H20 Capital. This transaction highlights FEMSA Ventures' engagement in the beauty industry, making them a potential player in the nail salon sector as well.

7. Kayyak Ventures

• Website: kayyakventures.com
• Type: Venture Capital
• Headquarters: Santiago, Santiago, Chile
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: kayyak-ventures

Kayyak Ventures is a venture capital firm based in Santiago, Chile, founded in 2020. The firm invests in startups and entrepreneurs across Latin America, focusing on innovative companies that tackle social and environmental challenges. Their portfolio spans various industries, including technology, healthcare, and finance. A notable investment is in AgendaPro, a Chilean startup that raised $3.7 million in a Series A funding round led by Kayyak Ventures. AgendaPro provides software solutions that help beauty and wellness businesses, including nail salons, digitize their operations and facilitate online payments. This investment highlights Kayyak Ventures' commitment to supporting the beauty industry and enhancing the digital presence of SMEs, which is crucial for modern nail salons.

8. 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 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 Partners has made significant investments in the beauty and personal care sector, including the acquisition of Farmax, a cosmetics and personal care company, announced on September 23, 2021. This transaction highlights their engagement in industries that overlap with nail salons, making them a potentially relevant investor in this space.

Nail Salon Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Igah, Ventures.	Sao Paulo, Sao Paulo, Brazil	11-50	2011	2
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
Opera Ventures	Bogota, Bogota, Colombia	1-10	2021	2
Latitud	Sao Paulo, Sao Paulo, Brazil	11-50	2020	24
FEMSA Ventures	Chihuahua, Chihuahua, Mexico	11-50	2018	4
Kayyak Ventures	Santiago, Santiago, Chile	1-10	2020	2
Vinci Compass Brasil	Rio De Janeiro, Rio De Janeiro, Brazil	501-1000	2009	3

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