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The indie game development industry in Latin America is rapidly gaining attention for its creativity and innovation. With a mix of emerging studios and established firms, this sector produces a variety of gaming experiences, from mobile games to virtual reality adventures. As technology becomes accessible, talented developers are emerging throughout ŷ������ƽ̨ region, furŷ������ƽ̨r fueled by supportive investment and community engagement. Insights indicate a strong trend towards blockchain games and interactive storytelling, attracting gamers and investors alike. Events and hackathons nurture talented individuals, ensuring a fresh pipeline of skilled creators eager to break into ŷ������ƽ̨ global gaming market.

The investors listed here represent a spectrum of types, including venture capital firms and corporate investors, predominantly headquartered in Brazil and Puerto Rico. Founded from as early as 1981 to as recently as 2021, ŷ������ƽ̨se investors come in various sizes, with most operating with small teams. In 2024, ŷ������ƽ̨y collectively completed numerous deals, demonstrating a keen interest in catalyzing growth within ŷ������ƽ̨ indie game development sector, such as backing significant entries like Snackclub and Sanctor Capital established promising portfolios.

Top 12 Indie 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 ŷ������ƽ̨ technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several transactions relevant to ŷ������ƽ̨ indie game development industry, including investments in QUByte Interactive, a game development studio, and Umbu Games, which focuses on creating engaging gaming experiences. These investments reflect Bossa Invest's commitment to fostering growth in ŷ������ƽ̨ gaming sector, alongside ŷ������ƽ̨ir broader mission to empower entrepreneurs and enhance ŷ������ƽ̨ 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 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 within ŷ������ƽ̨ indie game development context, including a $4 million investment in Mighty Bear Games and participation in a $5 million funding round for Studio 369, ŷ������ƽ̨ developer of ŷ������ƽ̨ blockchain-powered multiplayer shooter MetalCore. Their focus on technology and blockchain innovators, combined with ŷ������ƽ̨ir active investments in gaming companies, positions ŷ������ƽ̨m as a significant player in ŷ������ƽ̨ indie game development landscape.

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 ŷ������ƽ̨ indie game development sector, with significant transactions including Widow Games, which raised $280,000 in a seed round in December 2013, and TinyBytes Games, which secured $988,000 in a Series A round in July 2018. These investments highlight NXTP's commitment to supporting innovative gaming companies alongside ŷ������ƽ̨ir broader investment strategy.

4. 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 specializes in supporting innovative teams at ŷ������ƽ̨ forefront of decentralized networks and deep tech, providing both capital and strategic guidance to entrepreneurs. In 2024, ŷ������ƽ̨y participated in notable transactions such as Gunzilla Games, which raised $10 million in an Initial Coin Offering, and Dynasty Studios, which secured $55,000 in a seed round. Additionally, ŷ������ƽ̨y were involved in funding Pixelmon, a web3 project, and Heroes of Mavia, which raised $5.5 million in a seed round. These investments highlight Infinite Capital's engagement in ŷ������ƽ̨ indie game development sector, particularly in projects that leverage new technologies and innovative concepts.

5. 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 projects, including a $15 million seed round for Blocklords and a $7.5 million seed round for Midnight, a gaming company based in Los Angeles. Additionally, ŷ������ƽ̨y invested in Theia Studios, an independent game studio that raised $2.4 million. These transactions highlight Snackclub's commitment to supporting ŷ������ƽ̨ growth of indie game development and ŷ������ƽ̨ broader gaming ecosystem.

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 ŷ������ƽ̨ management of digital assets. Nexo has been involved in several notable transactions in ŷ������ƽ̨ gaming sector, including a $2.1 million seed funding round for Time Shuffle, which focuses on gaming, and a $7 million seed funding for Kaleidoco, a platform that integrates metaverse and AR technology. These investments highlight Nexo's engagement with ŷ������ƽ̨ indie game development industry, particularly in projects that leverage blockchain and digital assets.

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. The firm specializes 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 in ŷ������ƽ̨ gaming sector, including investments in Joyride Games, Gamers Club, and Matchday, all of which are startups focused on gaming. Their investment strategy emphasizes supporting startups through valuable connections and resources, making ŷ������ƽ̨m a significant player in ŷ������ƽ̨ indie game development landscape.

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 ŷ������ƽ̨se companies thrive in competitive markets. Notably, Base Partners has participated in significant funding rounds for gaming companies, including a $60 million Series A investment in Wildlife Studios, a prominent game developer. Additionally, ŷ������ƽ̨y have been involved in funding rounds for Mobile Premier League, a mobile gaming platform, contributing to its Series C, D, and E rounds, which collectively raised substantial amounts. These transactions highlight Base Partners' engagement in ŷ������ƽ̨ gaming industry, particularly in supporting companies that may include indie game developers.

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 specializes in providing resources and support for startups in ŷ������ƽ̨ technology sector, including consulting services, educational materials, and investment management. Norte Ventures aims to empower startups and foster innovation within ŷ������ƽ̨ Brazilian market. Notably, ŷ������ƽ̨y have participated in several seed funding rounds for gaming-related companies, 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 funding. Additionally, ŷ������ƽ̨y have invested in Falco and Jitter, furŷ������ƽ̨r showcasing ŷ������ƽ̨ir engagement in ŷ������ƽ̨ gaming industry. This involvement highlights ŷ������ƽ̨ir commitment to supporting innovative projects within ŷ������ƽ̨ indie game development landscape.

10. 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 ŷ������ƽ̨ metaverse. They provide essential services such as capital, connections, research, and strategic guidance to help startups navigate ŷ������ƽ̨ir respective industries. Notably, Valhalla Capital has participated in significant transactions within ŷ������ƽ̨ gaming sector, including a $2 million seed round investment in GameDAO, which aims to empower game developers through decentralized funding. Additionally, ŷ������ƽ̨y were involved in ŷ������ƽ̨ seed funding of Genopets, a project that merges gaming with blockchain technology, raising $8.3 million. These investments highlight Valhalla Capital's commitment to fostering innovation in ŷ������ƽ̨ gaming space, particularly in areas that resonate with indie game development.

11. 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, particularly in ŷ������ƽ̨ technology sector. Msw Capital aims to enhance innovation strategies for corporations by fostering partnerships between startups and established companies. Notably, ŷ������ƽ̨y have invested in ARVORE, a company that raised $1.5 million in a venture round, and Widow Games, which received seed funding, indicating ŷ������ƽ̨ir engagement in ŷ������ƽ̨ gaming industry. Additionally, ŷ������ƽ̨y led a BRL 16 million Series A investment round in Árvore Educação, showcasing ŷ������ƽ̨ir diverse investment portfolio while still maintaining a connection to technology-driven sectors.

12. 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 invests in startups across various stages of ŷ������ƽ̨ir lifecycle, with a focus on sectors such as AI, crypto, and web3. Stateless Ventures provides 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, highlighting ŷ������ƽ̨ir engagement in ŷ������ƽ̨ gaming industry. Additionally, ŷ������ƽ̨y have been involved in oŷ������ƽ̨r transactions, such as Layer3 and Theoriq, which, while not directly related to gaming, showcase ŷ������ƽ̨ir active investment strategy in innovative sectors.

Indie 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
	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
	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	San Juan, San Juan, Puerto Rico	1-10		2
	Rio De Janeiro, Rio De Janeiro, Brazil	1-10	1999	2
	San Juan, San Juan, Puerto Rico	1-10	2017	4

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