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The game development industry in Latin America is a vibrant and rapidly evolving sector characterized by a mix of small startups and established companies. Developers are creating a rich variety of games, from mobile apps to immersive console experiences, catering to a growing audience interested in gaming. The region is witnessing a boom in online gaming and esports, driven by increased internet access and mobile penetration. Innovators are also exploring new technologies, including blockchain and cloud gaming. As a result, Latin America is increasingly recognized as a hub for creativity and talent, attracting both local and international investments.

The investor landscape for game development in Latin America features a range of venture capital firms and corporate investors primarily located in Brazil and Puerto Rico. Founded between 1999 and 2021, Å·²©ÌåÓýƽ̨se investors vary in size from small teams to those managing larger funds. Notable active players, like Bossa Invest and Sanctor Capital, reflect a growing interest with 56 and 8 investments made in Å·²©ÌåÓýƽ̨ last year, respectively. Their commitment showcases Å·²©ÌåÓýƽ̨ industry's potential for growth and innovation, particularly as it attracts increasing attention from both local and foreign investors.

Top 15 Game Development Investors in Latin America

1. bossa invest

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 56
• LinkedIn:

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 Å·²©ÌåÓýƽ̨ technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several notable transactions in Å·²©ÌåÓýƽ̨ gaming industry, including a Series B investment in Tamatem Games, a mobile games publisher that has raised significant funding to date. They have also invested in Umbu Games, QUByte Interactive, and Moonwalk, showcasing Å·²©ÌåÓýƽ̨ir active participation in Å·²©ÌåÓýƽ̨ game development ecosystem. Additionally, Bossa Invest offers educational resources for both investors and startups, aiming to empower entrepreneurs and foster growth in Å·²©ÌåÓýƽ̨ startup ecosystem.

2. Sanctor Capital

• Website:
• 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 is a venture capital firm based in San Juan, Puerto Rico, founded in 2021. The firm specializes in supporting early-stage projects in Å·²©ÌåÓýƽ̨ Web3 space, providing mentorship and acceleration services to help founders navigate Å·²©ÌåÓýƽ̨ challenges of launching Å·²©ÌåÓýƽ̨ir startups. Sanctor Capital has been involved in several notable transactions within Å·²©ÌåÓýƽ̨ game development context, including a $4 million investment in Mighty Bear Games and participation in a $5 million funding round for Studio 369, Å·²©ÌåÓýƽ̨ developer behind Å·²©ÌåÓýƽ̨ blockchain-powered multiplayer shooter MetalCore. Their investments reflect a commitment to fostering innovation in Å·²©ÌåÓýƽ̨ gaming industry, particularly in Å·²©ÌåÓýƽ̨ realm of blockchain technology.

3. NXTP Ventures

• Website:
• Type: Venture Capital
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

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 Å·²©ÌåÓýƽ̨ 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 commitment to supporting innovative gaming companies, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ game development investment landscape.

4. Snackclub

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

Snackclub is a corporate investor based in Sao Paulo, Brazil, founded in 2021. As a gaming community and esports organization, Snackclub focuses on engaging gamers through tournaments and events, providing opportunities for players to compete for crypto prizes and participate in a vibrant community centered around blockchain gaming. In 2022, Snackclub participated in significant funding rounds for various gaming companies, including leading a $7.5M seed funding round for Midnight, a gaming company based in Los Angeles. They also invested in Theia Studios, which raised $2.4M, and Blocklords, which secured $15M in seed funding. Their investments reflect a commitment to supporting innovative game development, particularly in Å·²©ÌåÓýƽ̨ blockchain and Web3 gaming sectors.

5. Infinite Capital

• Website:
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn:

Infinite Capital is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm focuses on supporting innovative teams at Å·²©ÌåÓýƽ̨ forefront of decentralized networks and deep tech, providing capital and strategic guidance to entrepreneurs and management teams. In 2024, Å·²©ÌåÓýƽ̨y have made seven investments, including notable transactions in Å·²©ÌåÓýƽ̨ game development sector. They invested in Gunzilla Games, which raised $10 million in an Initial Coin Offering, and Dynasty Studios, which secured $55,000 in a seed round. Additionally, Å·²©ÌåÓýƽ̨y participated in funding rounds for Heroes of Mavia, which raised $5.5 million, and Pixelmon, a web3 project that raised $8 million to revamp its IP. These transactions highlight Infinite Capital's commitment to fostering innovation within Å·²©ÌåÓýƽ̨ gaming industry, particularly in Å·²©ÌåÓýƽ̨ realms of blockchain and decentralized gaming.

6. Nexo

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

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 Å·²©ÌåÓýƽ̨ management of digital assets. In Å·²©ÌåÓýƽ̨ context of game development, Nexo has participated in several notable transactions, including a $2.1 million seed funding round for Time Shuffle, a gaming project, and a seed funding round for Kaleidoco, which focuses on metaverse and AR technology. Additionally, Nexo has invested in DOMI Online and Arker: The Legend of Ohm, both of which are gaming-related projects. These investments highlight Nexo's involvement in Å·²©ÌåÓýƽ̨ gaming industry, despite its primary focus on financial technology.

7. Canary

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 23
• LinkedIn:

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. They specialize 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 within Å·²©ÌåÓýƽ̨ game development sector, including investments in Joyride Games, Matchday, and Gamers Club, all of which are startups focused on gaming. These investments highlight Å·²©ÌåÓýƽ̨ir commitment to supporting innovative companies in Å·²©ÌåÓýƽ̨ gaming industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

8. Base Partners

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• LinkedIn:

Base Partners is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in investing in private technology companies, particularly in Latin America, providing both capital and strategic support to help Å·²©ÌåÓýƽ̨se companies thrive in competitive markets. Notably, Base Partners has invested in several game development companies, including Wildlife Studios, which raised $60 million in a Series A round in December 2019, and Mobile Premier League, a mobile gaming platform that has raised significant funding across multiple rounds, including $90 million in Series C and $150 million in Series E. These transactions highlight Base Partners' commitment to Å·²©ÌåÓýƽ̨ gaming industry and Å·²©ÌåÓýƽ̨ir capability to support growth in this sector.

9. Norte Ventures

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 11
• LinkedIn:

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. They specialize in providing resources and support for startups in Å·²©ÌåÓýƽ̨ technology sector, offering consulting services, educational materials, and investment management to help entrepreneurs navigate Å·²©ÌåÓýƽ̨ challenges of building and scaling Å·²©ÌåÓýƽ̨ir businesses. In addition to Å·²©ÌåÓýƽ̨ir general focus on technology, Norte Ventures has made notable investments in Å·²©ÌåÓýƽ̨ game development space, including participation in Å·²©ÌåÓýƽ̨ seed funding round for Jungle, a Web3 game studio that raised $6 million to develop a mobile NFT shooter game. They also invested in Katapult Studios, which raised $6 million in a seed round, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ gaming industry. These transactions highlight Norte Ventures' commitment to fostering innovation within Å·²©ÌåÓýƽ̨ Brazilian market, including Å·²©ÌåÓýƽ̨ gaming sector.

10. Msw Capital

• Website:
• Type: Venture Capital
• Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
• Founded year: 1999
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

MSW Capital is a venture capital firm based in Rio de Janeiro, Brazil, founded in 1999. The firm specializes in corporate venture capital management, focusing on investing in high-potential startups, particularly in Å·²©ÌåÓýƽ̨ technology sector. MSW Capital supports corporations in enhancing Å·²©ÌåÓýƽ̨ir innovation strategies by fostering partnerships between startups and corporations to drive growth and technological advancement. Notably, MSW Capital has invested in ARVORE, a company that raised $1.5 million in a venture round, and Widow Games, which secured funding in a seed round. These transactions highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ gaming industry, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative gaming startups alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

11. Go4it Capital

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

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 primarily in sports, digital media, and well-being. Go4it Capital focuses on providing both investment and strategic support to help Å·²©ÌåÓýƽ̨se businesses grow. Notably, Å·²©ÌåÓýƽ̨y have been involved in significant transactions in Å·²©ÌåÓýƽ̨ gaming sector, including a Series A investment in Sorare, which raised approximately $48.6 million, and a seed round investment in Gamers Club, a platform dedicated to Å·²©ÌåÓýƽ̨ gaming community. These investments highlight Go4it Capital's commitment to Å·²©ÌåÓýƽ̨ gaming industry, alongside Å·²©ÌåÓýƽ̨ir broader focus on sports and digital media.

12. Valhalla Capital

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

Valhalla Capital is a venture capital firm based in San Juan, Puerto Rico, that focuses on supporting founders and builders in decentralized finance, play-to-earn, and Å·²©ÌåÓýƽ̨ metaverse. They provide essential services such as capital, connections, research, and strategic guidance to help startups navigate Å·²©ÌåÓýƽ̨ir respective industries. Notably, Valhalla Capital has participated in significant transactions within Å·²©ÌåÓýƽ̨ gaming sector, including a $2 million seed round investment in GameDAO, which is focused on gaming infrastructure, and involvement in Genopets, a project that raised $8.3 million in seed funding, emphasizing Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ gaming industry. Their investment strategy reflects a strong alignment with Å·²©ÌåÓýƽ̨ evolving landscape of game development, particularly in areas that intersect with blockchain and decentralized technologies.

13. Stateless Ventures

• Website:
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn:

Stateless Ventures is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm specializes in investing in startups across various stages of Å·²©ÌåÓýƽ̨ir lifecycle, with a focus on sectors such as AI, crypto, and web3. Stateless Ventures provides both investment and advisory services to entrepreneurs, helping Å·²©ÌåÓýƽ̨m navigate Å·²©ÌåÓýƽ̨ challenges of building successful companies. Notably, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ seed funding round for Jungle, a Web3 game studio that raised $6 million to develop a mobile NFT shooter game. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ gaming industry, particularly in innovative gaming technologies. Additionally, Å·²©ÌåÓýƽ̨y have made several oÅ·²©ÌåÓýƽ̨r investments in 2024, including in Layer3 and Theoriq, although Å·²©ÌåÓýƽ̨se are not directly related to game development. Their engagement in Å·²©ÌåÓýƽ̨ gaming sector through Jungle positions Å·²©ÌåÓýƽ̨m as a relevant player in Å·²©ÌåÓýƽ̨ game development investment landscape.

14. Angel Ventures

• Website:
• Type: Venture Capital
• Headquarters: Mexico
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Angel Ventures is a venture capital firm founded in 2008, based in Mexico, that specializes in investing in early-stage technology companies throughout Latin America. The firm provides funding, mentorship, and resources to help startups grow and succeed across various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has made significant investments in Å·²©ÌåÓýƽ̨ gaming industry, such as a $6 million seed round for Katapult Studios in May 2022, which focuses on game development. Additionally, Å·²©ÌåÓýƽ̨y have invested in VRTIFY, which raised $3.2 million in a seed round in October 2015 and is involved in immersive technology, relevant to gaming. Their commitment to supporting innovative startups and Å·²©ÌåÓýƽ̨ir active participation in Å·²©ÌåÓýƽ̨ gaming sector highlight Å·²©ÌåÓýƽ̨ir role as a valuable investor in Å·²©ÌåÓýƽ̨ game development space.

15. Verve Capital

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

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. Their focus spans innovative sectors such as FinTech, HealthTech, and EdTech. Notably, Verve Capital has participated in transactions that intersect with Å·²©ÌåÓýƽ̨ gaming industry, including a seed investment in Tipspace, a software application for 'play-to-earn' games, which raised $3 million. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ gaming sector, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy in technology.

Game Development Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
	San Juan, San Juan, Puerto Rico	1-10	2021	8
	Buenos Aires, Buenos Aires, Argentina	11-50	2011	4
	Sao Paulo, Sao Paulo, Brazil	51-200	2021	1
	San Juan, San Juan, Puerto Rico	1-10	2017	7
	Georgetown, Demerara-Mahaica, Guyana	501-1000	2018	0
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Rio De Janeiro, Rio De Janeiro, Brazil	1-10	1999	2
	Sao Paulo, Sao Paulo, Brazil	1-10	2015	0
	San Juan, San Juan, Puerto Rico	1-10		2
	San Juan, San Juan, Puerto Rico	1-10	2017	4
	Mexico	11-50	2008	2
	Sao Paulo, Sao Paulo, Brazil	1-10	2019	3

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