Latin America's venture ecosystem has matured significantly since the Nubank and Kavak era. Deal volume has moderated from the 2021 peak, but the quality of capital has improved, and the firms still actively deploying are more thesis-driven and operationally capable than ever. Here is where the smart money is flowing in LatAm in 2026.
The LatAm funding landscape in 2026
Three major shifts define the current environment. First, the growth-stage pullback that started in 2022 has stabilised, but Series B and beyond remains significantly harder than pre-2022. The seed and early Series A market is healthier. Second, Brazil continues to dominate deal volume, but Mexico, Colombia, and Chile are generating more cross-border interest than at any point in the past five years. Third, fintech remains the dominant sector by deal count, but climate tech, agtech, and B2B SaaS are attracting increasing attention from both local and international firms.
If you are rising in LatAm in 2026, the key is matching your stage and sector to the right firm. The list below covers the ten most active and most relevant for early- to growth-stage founders.
The top 10 VC firms in Latin America in 2026
1. Kaszek Ventures
Notable Portfolio: Nubank, Kavak, Creditas, Quinto Andar, Auth0
Stage Focus: Seed to Series C
Avg Ticket: $1M – $15M (Seed to B)
Sector Focus: Fintech, Marketplaces, SaaS, Health
Kaszek is the benchmark LatAm VC. Founded by former MercadoLibre executives, they combine deep regional market knowledge with a genuinely global network. Their portfolio reads like a who's who of LatAm tech – Nubank, Kavak, and Creditas. They are selective and move slowly on new relationships, but a Kaszek-backed round changes the trajectory of a company. If you are post-Series A with strong unit economics in a market they understand, they are worth the long game.
2. Monashees
Notable Portfolio: 99, Rappi, Gympass, Loggi, Loft
Stage Focus: Pre-seed to Series B
Avg Ticket: $500K – $10M (Seed to B)
Sector Focus: Consumer, Logistics, Edtech, Fintech
Monashees has been backing LatAm founders since before it was fashionable to do so. Their portfolio reflects a consistent thesis: back category-creating companies in markets where the consumer behaviour shift is just beginning. They are founder-friendly and willing to lead at early stages — which makes them one of the most relevant firms for pre-seed and seed-stage founders in Brazil.
3. QED Investors (LatAm)
Notable Portfolio: Nubank (early), Creditas, Konfio, Clip, Kushki
Stage Focus: Seed to Growth
Avg Ticket: $2M – $15M (Series A/B)
Sector Focus: Fintech only
QED is a fintech specialist with one of the strongest track records in the world. They were early in Capital One, Credit Karma, Nubank, and dozens of other category leaders. Their LatAm focus is purely fintech. If you are building financial infrastructure, payments, lending, or insurance technology in Latin America, QED should be at the top of your target list. They add genuine sector expertise, not just capital.
4. Valor Capital Group
Notable Portfolio: Wildlife Studios, Loft, Creditas, Facily
Stage Focus: Seed to Growth
Avg Ticket: $2M – $20M (Seed to B)
Sector Focus: Enterprise, Consumer, Fintech, Gaming
Valor bridges Brazil and Silicon Valley. They have offices in both and invest in companies targeting both markets. Their gaming portfolio is unusually strong for a LatAm firm. More broadly, they back founders building global products from a LatAm base, which makes them particularly relevant if your product has international ambitions beyond the region.
5. NXTP Ventures
Notable Portfolio: Satellogic, OLX, PedidosYa, Restorando
Stage Focus: Pre-seed to Series A
Avg Ticket: $500K – $3M (Seed/A)
Sector Focus: SaaS, Fintech, E-commerce, B2B
NXTP is the most pan-regional early-stage firm in LatAm. They actively invest across Argentina, Chile, Colombia, Mexico, and Peru in addition to Brazil. For founders building B2B SaaS or marketplace infrastructure outside Brazil, NXTP is often the first institutional check. They have strong co-investor relationships with Kaszek, Monashees, and international Series A firms.
6. ALLVP
Notable Portfolio: Bitso, Merama, Clip, Lala Foods, Cuenca
Stage Focus: Seed to Series B
Avg Ticket: $1M – $7M (Seed to B)
Sector Focus: Healthtech, SaaS, Marketplaces, Foodtech
ALLVP is Mexico's leading early-stage VC. Their sectoral range is broader than most regional specialists — they back healthtech, foodtech, and marketplace businesses alongside the expected fintech and SaaS plays. If you are raising a seed or Series A in Mexico, ALLVP is arguably the highest-signal local backer you can get. Their portfolio co-investment relationships with Tiger Global and Andreessen Horowitz signal the calibre of follow-on they can facilitate.
7. Redpoint Eventures
Notable Portfolio: Sympla, Resultados Digitais, Olist, Pipefy
Stage Focus: Seed to Series B
Avg Ticket: $1M – $10M (Seed to B)
Sector Focus: Enterprise, Consumer, Fintech
Redpoint Eventures is a Brazil-focused early-stage firm backed by the US Redpoint fund, which gives LatAm founders a direct pipeline to one of Silicon Valley's most established growth-stage investors. They are particularly strong in enterprise SaaS and developer tools. If your product targets Brazilian businesses and you want a backer who can facilitate a US Series B when the time comes, Redpoint Eventures is a strategic choice.
8. Canary
Notable Portfolio: Nuvemshop, Trocafone, Gupy, Creditas (early)
Stage Focus: Pre-seed to Seed
Avg Ticket: $250K – $2M (Pre-seed/Seed)
Sector Focus: Fintech, SaaS, B2B, Consumer
Canary writes the earliest cheques in Brazil's venture ecosystem. They are the firm that meets founders when the product is still being built and the team is just coming together. Their portfolio companies have gone on to raise funds from Kaszek, Monashees, and a16z. If you are at the earliest stage and based in Brazil, Canary is the most logical first institutional conversation.
9. Atlantico
Notable Portfolio: Nuvemshop, Quinto Andar, C6 Bank, Gympass
Stage Focus: Series A to Growth
Avg Ticket: $5M – $25M (Series A/B)
Sector Focus: Fintech, E-commerce, SaaS
Atlantico backs LatAm companies at the growth inflection, especially at Series A and beyond. They are one of the most data-driven firms in the region, with a proprietary market intelligence function that maps the LatAm startup ecosystem systematically. They are not a firm that takes cold inbound well — warm introductions through their portfolio are the most reliable path to a conversation.
10. Softbank Latin America Fund
Notable Portfolio: Rappi, QuintoAndar, Loggi, Gympass, Ifood
Stage Focus: Series B to Growth
Avg Ticket: $50M – $200M (Growth)
Sector Focus: Consumer, Fintech, E-commerce
Softbank's LatAm fund is the growth-stage category in the region. They write the largest cheques and have backed the most prominent later-stage companies in LatAm tech. At the scale they operate – $50M minimum – they are only relevant for companies with significant ARR and demonstrated market leadership. But understanding their portfolio and their theses is useful for earlier-stage founders thinking about what the growth stage path looks like.
The firms you should also know
Beyond the top 10, these firms are actively deploying capital in LatAm and deserve attention depending on your stage and sector:
- Magma Partners — pre-seed to Series A across the region, strong in Mexico and Andean markets
- MAYA Capital — seed to Series A with a growing climate and sustainability portfolio
- FJ Labs — marketplace-only investor with global scope, highly active in LatAm e-commerce
- TheVentureCity — seed to Series A with US-LatAm bridge capability
- SP Ventures — agtech specialist, the most active agricultural technology investor in Brazil
- 500 LatAm — high-volume accelerator program, useful for the cohort network as much as the capital
What LatAm investors are looking for in 2026
Three things have shifted meaningfully since 2022. First, unit economics are scrutinised at every stage. Even seed-stage investors want to see a credible path to sustainable margins. The blitzscaling era is definitively over. Second, regional expansion stories need to be grounded. Investors have seen too many Brazil-first companies struggle to cross into Mexico or Colombia. If your pitch includes LatAm expansion, you need a specific geographic thesis, not just a map. Third, founders with international experience or US market exposure are getting more attention; the best LatAm exits have been companies that built global products from a LatAm base.
How to approach LatAm investors
The LatAm investor community is smaller and more interconnected than Silicon Valley. Warm introductions matter significantly more than cold outreach. Before you approach any firm on this list, map their portfolio and identify two or three founders you can reach out to for an introduction.
When you do share your deck, use a trackable link rather than a PDF attachment. Knowing when investors open your materials, which sections they focus on, and whether they forward it to a partner gives you the intelligence to time your follow-ups and prepare for the next conversation. You can get started at app.pitchwise.se.
The full list of 50 active LatAm investors — with stage, ticket size, sector focus, and contact details — is available in the Pitchwise Resource Library. Download it free here
When you are ready to share your deck with investors on this list, Pitchwise gives you a secure, trackable link with slide-level analytics and real-time alerts. Start free at app.pitchwise.se
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