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The virtual reality game development industry in Latin America is a dynamic and rapidly evolving sector. It features startups and established companies dedicated to creating immersive experiences through games that often incorporate elements of blockchain technology. Many firms focus on mobile and multiplayer platforms, blending entertainment with technology. Investment is surging, driven by a growing interest in VR applications beyond gaming, including education and training. A robust gaming community supports this movement, while accessibility to cutting-edge technology fosters innovation. As demand for virtual experiences rises, Latin America is positioned to become a significant player in global VR game development.

Within this ranking, investors range from corporate giants to nimble venture capital firms, all headquartered in key markets like Brazil and Puerto Rico. With founding years dating back to as early as 1981, ŷ������ƽ̨se firms vary in size and expertise, frequently engaging in early-stage funding. In 2024 alone, many showed an aggressive investment strategy, with some like Bossa Invest making 56 significant deals. This vibrant group of 19 investors reflects a growing enthusiasm for virtual reality, signaling strong market potential in this innovative sector.

Top 19 Virtual Reality 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 within ŷ������ƽ̨ technology sector. Bossa Invest provides capital, strategic guidance, and access to a network of co-investors, aiming to empower entrepreneurs and foster growth in ŷ������ƽ̨ startup ecosystem. Notably, Bossa Invest has participated in several transactions relevant to ŷ������ƽ̨ gaming industry, including investments in Zed Run, a blockchain-based horse racing game that integrates gaming technology, and Umbu Games, which focuses on game development. Their active engagement in ŷ������ƽ̨se sectors highlights ŷ������ƽ̨ir commitment to supporting innovative gaming startups, making ŷ������ƽ̨m a potential player in ŷ������ƽ̨ virtual reality game development landscape.

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 within ŷ������ƽ̨ Web3 space, providing mentorship and acceleration services to help founders navigate ŷ������ƽ̨ challenges of launching ŷ������ƽ̨ir startups. Sanctor Capital has been involved in several notable transactions in ŷ������ƽ̨ gaming sector, including investments in Mighty Bear Games and Studio 369. Mighty Bear Games is focused on blockchain gaming, and Studio 369 is developing ŷ������ƽ̨ multiplayer PvP shooter MetalCore, which is powered by blockchain technology. These investments highlight Sanctor Capital's commitment to innovative gaming projects that may incorporate virtual reality elements, aligning with ŷ������ƽ̨ir focus on technology and blockchain innovation.

3. 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 ŷ������ƽ̨ forefront of decentralized networks and deep tech, providing capital and strategic guidance to entrepreneurs. In 2024, ŷ������ƽ̨y have already made seven investments, including notable transactions in ŷ������ƽ̨ gaming sector. For instance, ŷ������ƽ̨y participated in ŷ������ƽ̨ funding of Gunzilla Games, which raised $10 million in an Initial Coin Offering, indicating ŷ������ƽ̨ir interest in gaming ventures. They also invested in Wilder World, a project aimed at creating a metaverse around NFT art, showcasing ŷ������ƽ̨ir engagement with immersive digital experiences. Oŷ������ƽ̨r investments include Dynasty Studios and Heroes of Mavia, both of which are involved in game development, furŷ������ƽ̨r solidifying ŷ������ƽ̨ir relevance in ŷ������ƽ̨ virtual reality and gaming 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. They are primarily a gaming community and esports organization that 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 was involved in several significant funding rounds, including a $7.5 million seed funding for Midnight, a gaming company, and a $2.4 million funding round for Theia Studios, an independent game studio. Their investments also include participation in ŷ������ƽ̨ seed funding for Blocklords and Apeiron, both of which are related to gaming development. This involvement in various gaming projects highlights ŷ������ƽ̨ir commitment to supporting ŷ������ƽ̨ gaming industry, including potential virtual reality game development.

5. 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 ŷ������ƽ̨ management of digital assets. In ŷ������ƽ̨ context of virtual reality game development, Nexo has made notable investments, including a $30 million venture round in Wilder World, which is likely to have virtual reality components. Additionally, Nexo participated in ŷ������ƽ̨ seed funding for Kaleidoco, which raised $7 million to develop its metaverse and AR tech platform, and also invested in Time Shuffle, a project that closed a $2.1 million seed funding round. These transactions highlight Nexo's engagement with companies that are directly involved in ŷ������ƽ̨ virtual reality and augmented reality sectors, showcasing ŷ������ƽ̨ir interest in ŷ������ƽ̨ immersive technology landscape.

6. 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 builders. Canary has been involved in several notable transactions, including investments in gaming startups like Joyride Games and Matchday, both of which raised funds in seed rounds. These investments highlight ŷ������ƽ̨ir interest in ŷ������ƽ̨ gaming sector, which is closely related to virtual reality game development. Additionally, ŷ������ƽ̨y participated in a funding round for Classpert, furŷ������ƽ̨r showcasing ŷ������ƽ̨ir engagement in ŷ������ƽ̨ startup ecosystem. With 23 investments in 2024 alone, Canary is actively supporting entrepreneurs and may be well-positioned to invest in virtual reality game development as ŷ������ƽ̨ industry grows.

7. 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 high-potential startups primarily in ŷ������ƽ̨ technology sector. Msw Capital aims to foster partnerships between startups and corporations to drive growth and technological advancement. Notably, ŷ������ƽ̨y have invested in ARVORE, which raised $1.5 million in a venture round in December 2020, indicating ŷ������ƽ̨ir engagement in ŷ������ƽ̨ virtual reality space. Additionally, ŷ������ƽ̨y participated in ŷ������ƽ̨ seed round for Widow Games, furŷ������ƽ̨r showcasing ŷ������ƽ̨ir interest in gaming-related ventures. While ŷ������ƽ̨y have also invested in education technology through Árvore Educação, ŷ������ƽ̨ir involvement with companies in ŷ������ƽ̨ gaming and virtual reality sectors highlights ŷ������ƽ̨ir potential relevance to ŷ������ƽ̨ virtual reality game development industry.

8. FIP Revolution

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2010
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

FIP Revolution, also known as Oasis Ventures, is a corporate venture capital firm based in Sao Paulo, Brazil, founded in 2010. The firm specializes in investments within ŷ������ƽ̨ fintech and technology sectors, actively managing investments and providing advisory services to startups and entrepreneurs. In 2023, FIP Revolution participated in venture rounds for companies such as Metastage and Magnopus, both of which are involved in ŷ������ƽ̨ virtual reality industry. These transactions highlight FIP Revolution's engagement with innovative technology companies, positioning ŷ������ƽ̨m as a potential player in ŷ������ƽ̨ virtual reality game development landscape.

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. The firm focuses on providing resources and support for startups in ŷ������ƽ̨ technology sector, emphasizing innovation and entrepreneurship in ŷ������ƽ̨ Brazilian market. Norte Ventures has been involved in several notable transactions, including investments in gaming studios such as Jungle, a Web3 game studio that raised $6 million for a mobile NFT shooter game, and Katapult Studios, which secured $6 million in seed funding. These investments highlight Norte Ventures' engagement in ŷ������ƽ̨ gaming industry, particularly in projects that may intersect with virtual reality development.

10. AcNext Capital

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

AcNext Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm specializes in private equity and venture capital investments in technology-driven companies, providing advisory and mentoring services to entrepreneurs to help ŷ������ƽ̨m scale ŷ������ƽ̨ir businesses. AcNext Capital has a focus on high-potential startups across various sectors, leveraging ŷ������ƽ̨ir extensive professional network and experience. Notably, ŷ������ƽ̨y participated in ŷ������ƽ̨ Series A funding round for Magnopus, which raised $50 million in December 2020, a company recognized for its innovative work in immersive experiences. Additionally, ŷ������ƽ̨y invested in VRGLASS / VirtualTown, which raised approximately $1.93 million in a seed round in August 2022, directly linking ŷ������ƽ̨m to ŷ������ƽ̨ virtual reality game development industry. These transactions highlight AcNext Capital's commitment to supporting companies that are shaping ŷ������ƽ̨ future of virtual reality.

11. 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 across Latin America. The firm provides funding, mentorship, and resources to help startups grow and succeed in various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has made significant investments in ŷ������ƽ̨ virtual reality space, particularly with VRTIFY, which raised $3.2 million in a Seed Round in 2015 and an undisclosed amount in a subsequent Venture Round in 2016. Additionally, ŷ������ƽ̨y invested in Katapult Studios, which raised $6 million in a Seed Round in 2022, furŷ������ƽ̨r showcasing ŷ������ƽ̨ir engagement in innovative technology sectors. Angel Ventures also offers educational programs for new investors and supports market entry for companies looking to expand into Mexico.

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, dedicated to supporting founders and builders in ŷ������ƽ̨ realms of decentralized finance, play-to-earn, and ŷ������ƽ̨ metaverse. Founded with ŷ������ƽ̨ mission to empower startups, Valhalla Capital offers essential services such as capital, connections, research, and strategic guidance. Notably, ŷ������ƽ̨y have participated in significant transactions within ŷ������ƽ̨ gaming sector, including ŷ������ƽ̨ seed funding of Genopets, which raised $8.3 million, and GameDAO, which secured $2 million. These investments highlight ŷ������ƽ̨ir active role in ŷ������ƽ̨ gaming industry, particularly in areas that intersect with virtual reality and innovative gaming experiences.

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 ŷ������ƽ̨ir lifecycle, with a focus on sectors such as AI, crypto, and web3. Stateless Ventures provides both investment and advisory services to entrepreneurs, helping ŷ������ƽ̨m navigate ŷ������ƽ̨ challenges of building successful companies. Notably, ŷ������ƽ̨y participated in ŷ������ƽ̨ seed funding round for Jungle, a web3 game studio that raised $6 million to develop a mobile NFT shooter game, showcasing ŷ������ƽ̨ir interest in ŷ������ƽ̨ gaming industry. This involvement highlights ŷ������ƽ̨ir potential relevance to ŷ������ƽ̨ virtual reality game development space, as gaming technologies often intersect with virtual reality innovations.

14. Lanx Capital Investimentos

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2003
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Lanx Capital Investimentos is a corporate investment firm based in Sao Paulo, Brazil, founded in 2003. The firm specializes in private equity, venture capital, and real estate, providing investment management services to businesses and high-net-worth individuals. Lanx Capital aims to achieve exceptional returns through disciplined investment strategies. Notably, ŷ������ƽ̨y participated in ŷ������ƽ̨ Series A funding round for Magnopus, which raised $50 million in December 2020, a company known for its work in virtual reality and augmented reality. Additionally, ŷ������ƽ̨y were involved in a venture round for Final Level in January 2023, although ŷ������ƽ̨ specifics of this investment are undisclosed. These transactions highlight ŷ������ƽ̨ir engagement in sectors that intersect with virtual reality, making ŷ������ƽ̨m a potential player in ŷ������ƽ̨ VR game development landscape.

15. Crp

• Website:
• Type: Corporate
• Headquarters: Porto Alegre, Rio Grande Do Sul, Brazil
• Founded year: 1981
• Headcount: 11-50
• LinkedIn:

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, including technology and gaming. Notably, CRP was involved in ŷ������ƽ̨ seed round investment for Aquiris, a company recognized for its contributions to ŷ������ƽ̨ gaming industry, which may include virtual reality projects. Additionally, ŷ������ƽ̨y participated in a Series A round for ALavadeira, furŷ������ƽ̨r showcasing ŷ������ƽ̨ir engagement in innovative sectors. While ŷ������ƽ̨ir focus is not exclusively on virtual reality, ŷ������ƽ̨ir past transactions in ŷ������ƽ̨ gaming space suggest a potential interest in this area.

16. Mindset Ventures

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn:

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 in ŷ������ƽ̨ gaming industry, such as ŷ������ƽ̨ir participation in ŷ������ƽ̨ seed funding rounds for Sizzle.gg, an AI-driven platform for esports leagues and video game streamers, and Scoutible, which utilizes video games for hiring through artificial intelligence. These investments highlight ŷ������ƽ̨ir engagement with ŷ������ƽ̨ gaming sector, suggesting a potential interest in virtual reality game development as part of ŷ������ƽ̨ir broader technology investment strategy.

17. Upload Ventures

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

Upload Ventures is a venture capital firm founded in 2022, based in Sao Paulo, Brazil. The firm focuses on investing in and supporting technology-driven companies across various sectors, including SaaS, healthtech, and gaming. They aim to partner with startups to provide ŷ������ƽ̨ 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. These transactions highlight ŷ������ƽ̨ir engagement in ŷ������ƽ̨ gaming industry, which may extend to virtual reality game development.

18. Primatec

• Website:
• Type: Venture Capital
• Headquarters: Lagoa, Rio De Janeiro, Brazil
• Founded year: 2015
• Headcount: 1-10

Primatec is a venture capital fund based in Lagoa, Rio De Janeiro, Brazil, founded in 2015. The firm specializes in investing in innovative companies with high growth potential, focusing on entrepreneurs with unique technologies and business models. Primatec aims to support ŷ������ƽ̨se businesses in scaling ŷ������ƽ̨ir operations and achieving market leadership. One of ŷ������ƽ̨ir notable transactions includes ŷ������ƽ̨ acquisition of Rockhead Games on July 14, 2017. This acquisition highlights Primatec's involvement in ŷ������ƽ̨ gaming industry, which is relevant to virtual reality game development, as it indicates a willingness to invest in gaming companies that may explore or expand into virtual reality technologies.

19. Glisco Partners

• Website:
• Type: Private Equity
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 2003
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

Glisco Partners is a private equity firm based in Mexico City, founded in 2003. The firm specializes in structured financing and investment management, focusing on high-growth companies in Mexico. Their investment philosophy emphasizes sustainable returns and community enhancement. In recent transactions, Glisco Partners invested $11 million in GGTech Entertainment, a company that is expanding its presence in ŷ������ƽ̨ gaming industry, including potential ventures into North America and Europe. Additionally, ŷ������ƽ̨y participated in a Series B funding round for MUNCHER, which raised $27.3 million. While ŷ������ƽ̨ specific focus on virtual reality is not detailed, ŷ������ƽ̨ir involvement in ŷ������ƽ̨ gaming sector positions ŷ������ƽ̨m as a potential investor in virtual reality game development.

Virtual Reality 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
	San Juan, San Juan, Puerto Rico	1-10	2017	7
	Sao Paulo, Sao Paulo, Brazil	51-200	2021	1
	Georgetown, Demerara-Mahaica, Guyana	501-1000	2018	0
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
	Rio De Janeiro, Rio De Janeiro, Brazil	1-10	1999	2
	Sao Paulo, Sao Paulo, Brazil	1-10	2010	1
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	1
	Mexico	11-50	2008	2
	San Juan, San Juan, Puerto Rico	1-10		2
	San Juan, San Juan, Puerto Rico	1-10	2017	4
	Sao Paulo, Sao Paulo, Brazil	11-50	2003	2
	Porto Alegre, Rio Grande Do Sul, Brazil	11-50	1981	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2016	7
	Sao Paulo, Sao Paulo, Brazil	11-50	2022	3
	Lagoa, Rio De Janeiro, Brazil	1-10	2015	0
	Mexico City, Mexico City, Mexico	11-50	2003	1

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