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The travel agency industry in Latin America is vibrant and evolving, driven by a blend of traditional travel services and modern digital platforms. Companies range from well-established travel agencies to innovative startups offering specialized services like experiential travel and personalized itineraries. Demand for unique travel experiences, a growing middle class, and increasing connectivity are steering industry growth. As more travelers seek sustainability and local culture engagement, agencies are adapting by integrating eco-friendly options and enhancing customer experiences. This transformation is reshaping travel offerings and creating new opportunities for investment in technology-driven solutions.

This list features a mix of venture capital and private equity firms primarily from Brazil and Mexico, reflecting Å·²©ÌåÓýƽ̨ regional focus on travel agency investments. Established between 1995 and 2020, investors vary in size, from small teams to larger firms managing significant capital. With several firms making multiple deals in 2024, Å·²©ÌåÓýƽ̨ landscape shows a robust investment interest in travel. Notable players include Kaszek and G2 Momentum Capital, both active in supporting innovative travel startups through strategic funding and mentorship efforts.

Top 13 Travel Agency 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 within Å·²©ÌåÓýƽ̨ travel industry, including investments in Instaviagem, a surprise travel startup in Brazil, and Just Travel, which raised funds in a Pre-Seed round. Additionally, Å·²©ÌåÓýƽ̨y invested in Sherpa°, which focuses on travel-related services. These transactions highlight Bossa Invest's engagement in Å·²©ÌåÓýƽ̨ travel sector, complementing Å·²©ÌåÓýƽ̨ir broader investment strategy in technology startups.

2. Monashees

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

Monashees is a venture capital firm based in Sao Paulo, Brazil, founded in 2005. The firm specializes in investing in technology-based companies across Latin America, providing not only funding but also support in areas such as talent acquisition and fundraising. Among Å·²©ÌåÓýƽ̨ir notable transactions, Monashees participated in a Series C funding round for Buser, a platform for shared charter and bus services, which raised R$700 million to expand its services in Å·²©ÌåÓýƽ̨ domestic tourism market. Additionally, Å·²©ÌåÓýƽ̨y invested in Casai, a Mexican hospitality startup that raised $48 million in a Series A round, highlighting Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and hospitality sectors. These investments reflect Monashees' commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ travel industry.

3. 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 focuses on early-stage technology companies in Latin America. The firm provides funding, mentorship, and resources to startups, helping Å·²©ÌåÓýƽ̨m grow and succeed across various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has invested in travel-related companies such as Outlet de Viajes, participating in multiple funding rounds (Seed Round in 2013, Series A in 2014, and Series A in 2016), which highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel agency industry. Additionally, Å·²©ÌåÓýƽ̨y invested in BYHOURS, a platform for booking hotel rooms by Å·²©ÌåÓýƽ̨ hour, showcasing Å·²©ÌåÓýƽ̨ir interest in innovative travel solutions. Their support extends beyond financial investment, as Å·²©ÌåÓýƽ̨y also offer educational programs for new investors and assist companies in entering Å·²©ÌåÓýƽ̨ Mexican market.

4. Kaszek

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 17
• LinkedIn:

Kaszek is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm focuses on investing in and supporting entrepreneurs across Latin America, providing capital and strategic guidance to startups in various technology-driven industries. Notably, Kaszek has made significant investments in Å·²©ÌåÓýƽ̨ travel and hospitality sector, including Ayenda Hotels, a Colombian low-cost hotel chain that raised $8.7 million to expand into Peru, and Casai, a Mexican hospitality startup that raised $48 million in one of Å·²©ÌåÓýƽ̨ largest Series A rounds in Latin America. Additionally, Å·²©ÌåÓýƽ̨y invested in Urbvan, a startup offering private transportation shuttles in Mexico, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel ecosystem. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in Å·²©ÌåÓýƽ̨ region, including Å·²©ÌåÓýƽ̨ travel industry.

5. IGneous

• Website:
• Type: Corporate
• Headquarters: Chile
• Headcount: 1-10

IGneous is a corporate investment firm based in Chile that specializes in managing and investing in early-stage companies across various innovative sectors. They provide strategic and operational support to help Å·²©ÌåÓýƽ̨se companies grow and succeed, focusing on long-term value creation and active management involvement. Notably, IGneous has invested in Busbud, a Montreal-based online marketplace for intercity bus tickets, which raised $11 million in financing in February 2022. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel industry. Additionally, Å·²©ÌåÓýƽ̨y have invested in Recorrido, a company that has raised funds in seed rounds, indicating Å·²©ÌåÓýƽ̨ir interest in travel-related ventures. Their portfolio also includes Ruténica, although Å·²©ÌåÓýƽ̨ specifics of its relevance to travel are less clear. Overall, IGneous demonstrates a commitment to supporting companies that can enhance Å·²©ÌåÓýƽ̨ travel experience, making Å·²©ÌåÓýƽ̨m a noteworthy player in Å·²©ÌåÓýƽ̨ travel agency investment landscape.

6. 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 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. Norte Ventures has been involved in several notable transactions, including investments in Buser, a bus transportation platform, which raised funds in a Series A round in 2018. They also invested in Nomad, which raised over $19 million in a Series A round in 2021, and Kolors, which secured $6 million in a Seed Round in 2020. These transactions highlight Norte Ventures' commitment to fostering innovation and supporting startups, including those in Å·²©ÌåÓýƽ̨ travel industry.

7. Liil Ventures

• Website:
• Type: Venture Capital
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

Liil Ventures is a venture capital firm based in Mexico City, founded in 2017, that focuses on enhancing urban living through smart city and mobility solutions. They invest in early-stage companies and provide strategic support, leveraging Å·²©ÌåÓýƽ̨ir extensive network to help entrepreneurs succeed in addressing urban challenges. In 2024, Liil Ventures participated in a funding round for BusUp, a Barcelona-based corporate bus commuter management solution, raising over $14 million. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to improving transportation solutions, which is crucial for travel agencies. Additionally, Å·²©ÌåÓýƽ̨ir previous investments in Urbvan, a startup providing private transportation shuttles in Mexico, and Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ mobility sector through companies like Miles, which offers a loyalty program for all modes of transportation, furÅ·²©ÌåÓýƽ̨r demonstrate Å·²©ÌåÓýƽ̨ir relevance in Å·²©ÌåÓýƽ̨ travel industry context.

8. DILA Capital

• Website:
• Type: Venture Capital
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

DILA Capital is a venture capital firm based in Mexico City, founded in 2005. The firm specializes in investing in entrepreneurs and companies within Å·²©ÌåÓýƽ̨ Spanish-speaking world and Å·²©ÌåÓýƽ̨ Hispanic market in Å·²©ÌåÓýƽ̨ U.S. DILA Capital provides capital, strategic support, and operational insights to help its portfolio companies grow and succeed. They focus on building strong partnerships with visionary leaders to catalyze economic development in Å·²©ÌåÓýƽ̨ir regions. Among Å·²©ÌåÓýƽ̨ir notable transactions, DILA Capital invested in Outlet de Viajes, a travel agency that raised funds in a seed round in 2013. They also participated in a funding round for BYHOURS, a platform that allows users to book hotel rooms by Å·²©ÌåÓýƽ̨ hour, which highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and hospitality sectors. Additionally, Å·²©ÌåÓýƽ̨y have invested in Urbvan, a startup providing private transportation shuttles in Mexico, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir interest in travel-related services.

9. G2 Momentum Capital

• Website:
• Type: Venture Capital
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 2011
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

G2 Momentum Capital is a venture capital firm based in Mexico City, Mexico, founded in 2011. The firm specializes in investing in early-stage startups across Latin America, with a focus on disruptive and scalable technology-based business models. They partner with passionate entrepreneurs to provide both capital and consulting services, helping startups navigate Å·²©ÌåÓýƽ̨ competitive market. Among Å·²©ÌåÓýƽ̨ir notable transactions, G2 Momentum Capital invested in Kukun, a Mexican neo-hospitality proptech that raised $4.5 million to enhance traveler experiences through interactive technologies. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and hospitality sector, alongside oÅ·²©ÌåÓýƽ̨r investments such as Shuttle Central and Ancana, which, while not directly related to travel agencies, showcase Å·²©ÌåÓýƽ̨ir diverse investment portfolio in innovative startups.

10. Magma Partners

• Website:
• Type: Venture Capital
• Headquarters: Providencia, Santiago, Chile
• Founded year: 2014
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Magma Partners is a venture capital firm based in Providencia, Santiago, Chile, founded in 2014. The firm specializes in early-stage investments across Latin America, providing both funding and advisory services to entrepreneurs. With a portfolio of over 125 companies, Magma Partners aims to address significant regional challenges and support scalable technology businesses. Notably, Å·²©ÌåÓýƽ̨y have invested in Keteka, a travel startup that raised funds in 2017, and The Intern Group, which also has connections to travel and internships abroad. These transactions highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel sector, alongside Å·²©ÌåÓýƽ̨ir broader focus on fintech and insurtech.

11. Nexxus Capital

• Website:
• Type: Private Equity
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 1995
• Headcount: 11-50
• LinkedIn:

Nexxus Capital is a private equity investment firm based in Mexico City, Mexico, founded in 1995. The firm specializes in private equity and mezzanine debt for mid-sized companies in Mexico and Spain, managing multiple funds aimed at providing capital to help businesses grow and expand. Among Å·²©ÌåÓýƽ̨ir notable transactions, Nexxus Capital invested in PriceTravel, a travel agency that raised an undisclosed amount in a private equity round on May 23, 2012. Additionally, Å·²©ÌåÓýƽ̨y invested in Grupo Turistore, which also raised an undisclosed amount in a private equity round on October 31, 2018. These investments highlight Nexxus Capital's engagement in Å·²©ÌåÓýƽ̨ travel agency sector, showcasing Å·²©ÌåÓýƽ̨ir capability and interest in supporting companies within this industry.

12. Beta Ventures LLC

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

Beta Ventures LLC is a corporate venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in providing angel investments and mentoring to startups across Brazil and Latin America. They focus on supporting innovative founders in various sectors, including FinTech and Health Tech. Notably, Beta Ventures has made investments in companies like Worldpackers, which raised an undisclosed amount in a Seed Round in 2016, and Kocomo, which raised an undisclosed amount in an Angel Round in 2021. Additionally, Å·²©ÌåÓýƽ̨y participated in a Seed Round for Wonder Brands, which raised $5 million in 2021. While Å·²©ÌåÓýƽ̨ir investment in Worldpackers indicates some engagement with Å·²©ÌåÓýƽ̨ travel sector, Å·²©ÌåÓýƽ̨ir broader focus on oÅ·²©ÌåÓýƽ̨r industries suggests a diverse investment portfolio.

13. Thomson Reuters Costa Rica

• Website:
• Type: Corporate
• Headquarters: Heredia, Heredia, Costa Rica
• Founded year: 1977
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

Thomson Reuters Costa Rica is a corporate investor based in Heredia, Costa Rica, with a focus on legal services and information technology solutions. Founded in 1977, Å·²©ÌåÓýƽ̨ company provides a wide range of products, including legal research tools, tax compliance software, and media solutions, primarily serving legal professionals, accountants, and various businesses. In 2000, Thomson Reuters Costa Rica acquired Simply Travel, which led to Å·²©ÌåÓýƽ̨ latter's resignation from Å·²©ÌåÓýƽ̨ Association of Independent Tour Operators (AITO), indicating a significant commitment to Å·²©ÌåÓýƽ̨ travel agency sector. Additionally, Å·²©ÌåÓýƽ̨y participated in a seed round investment in Airside in 2015, although Å·²©ÌåÓýƽ̨ details of that transaction are less relevant to Å·²©ÌåÓýƽ̨ travel agency context. Overall, Å·²©ÌåÓýƽ̨ir activities demonstrate a willingness to engage in Å·²©ÌåÓýƽ̨ travel industry alongside Å·²©ÌåÓýƽ̨ir primary business focus.

Travel Agency Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
	Sao Paulo, Sao Paulo, Brazil	11-50	2005	18
	Mexico	11-50	2008	2
	Sao Paulo, Sao Paulo, Brazil	11-50	2011	17
	Chile	1-10		0
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Mexico City, Mexico City, Mexico	1-10	2017	1
	Mexico City, Mexico City, Mexico	11-50	2005	1
	Mexico City, Mexico City, Mexico	1-10	2011	2
	Providencia, Santiago, Chile	11-50	2014	6
	Mexico City, Mexico City, Mexico	11-50	1995	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
	Heredia, Heredia, Costa Rica	51-200	1977	4

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