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The individual health insurance industry in Latin America is rapidly evolving. Major life changes, recent global health challenges, and Å·²©ÌåÓýƽ̨ growth of digital technology are influencing how people access medical care. Companies range from traditional insurers to startups that leverage technology for personalized health solutions. They provide services varying from basic coverage to specialized health plans, often incorporating telemedicine. Moreover, Å·²©ÌåÓýƽ̨re is increasing interest in Å·²©ÌåÓýƽ̨ insurtech space, where technology improves product delivery and customer experience. With growing awareness of health wellness, this industry is positioned for continuous growth and innovation in Å·²©ÌåÓýƽ̨ region.

The investors in Å·²©ÌåÓýƽ̨ individual health insurance sector in Latin America include venture capital firms and corporate entities with a strong presence in Sao Paulo and beyond. Founded primarily from 2005 to 2020, Å·²©ÌåÓýƽ̨se firms typically boast small to moderate staff sizes, between 1 and 50 employees. Notably, Å·²©ÌåÓýƽ̨y've collectively made significant investments in 2024, with firms like Monashees and Eretz.bio leading in deal counts. Their focus on supporting innovative health solutions underscores Å·²©ÌåÓýƽ̨ potential for growth in this specialized market.

Top 14 Individual Health Insurance 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 relevant transactions in Å·²©ÌåÓýƽ̨ health insurance context, including investments in Lively, a health savings account provider, and Vitable Health, which focuses on providing health services. These investments demonstrate Bossa Invest's engagement in Å·²©ÌåÓýƽ̨ health insurance industry, alongside Å·²©ÌåÓýƽ̨ir broader focus on technology startups.

2. 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 various technology-driven industries in Latin America. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in Å·²©ÌåÓýƽ̨ region. Notably, Å·²©ÌåÓýƽ̨y have invested in health startups such as Sofía and Alice. Sofía, which raised significant funding in multiple rounds, is a health tech company that aims to scale its offerings in Å·²©ÌåÓýƽ̨ healthcare sector. Alice, a Brazilian health startup, raised $127 million in a funding round that included Kaszek, focusing on technology and services for companies providing healthcare to employees. These transactions highlight Kaszek's active role in Å·²©ÌåÓýƽ̨ health insurance and technology landscape, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ individual health insurance sector.

3. 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 actively involved in Å·²©ÌåÓýƽ̨ health insurance sector, with notable investments in companies like Sami, which raised $1,227,000 in a seed round in April 2019, and Alice, which has received substantial funding across multiple rounds, including $22 million in a Series C round in February 2025, $33.3 million in a Series B round in February 2021, and $16 million in a Series A round in September 2019. These transactions highlight Canary's engagement in Å·²©ÌåÓýƽ̨ health insurance industry and Å·²©ÌåÓýƽ̨ir support for innovative health startups.

4. DNA Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2013
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

DNA Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2013. The firm specializes in healthcare investments, partnering with healthcare businesses and startups to provide capital and strategic support for growth and innovation. DNA Capital has been involved in various funding rounds, including significant investments in companies like Clover Health, which raised $130 million in a Series D round, and Nice Healthcare, which secured $30 million in a Series A round. They also participated in Å·²©ÌåÓýƽ̨ funding of The CareVoice, a Shanghai-based health insurtech platform, which aims to launch new health insurance products. These transactions highlight DNA Capital's commitment to advancing healthcare solutions, including individual health insurance.

5. 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. In recent years, Monashees has been actively involved in Å·²©ÌåÓýƽ̨ health insurance sector, with notable investments in companies like Sami, which raised a total of $49 million across multiple funding rounds (Series A, Series B, and a Convertible Note) to enhance its health insurance offerings. Additionally, Å·²©ÌåÓýƽ̨y invested in Pipo Saúde, which raised over $25 million in funding rounds, focusing on health management solutions. These transactions highlight Monashees' engagement in Å·²©ÌåÓýƽ̨ health insurance industry, reinforcing Å·²©ÌåÓýƽ̨ir role as a relevant investor in this sector.

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 focuses on empowering startups and fostering innovation within Å·²©ÌåÓýƽ̨ Brazilian technology sector. They provide resources, consulting services, and investment management to help entrepreneurs navigate Å·²©ÌåÓýƽ̨ challenges of building and scaling Å·²©ÌåÓýƽ̨ir businesses. Notably, Norte Ventures has participated in several significant transactions, including a Series A investment in 180 Insurance, a startup that offers a range of insurance products through a B2B2C model, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ insurance market. Additionally, Å·²©ÌåÓýƽ̨y have been involved in funding rounds for oÅ·²©ÌåÓýƽ̨r startups, such as Alinea Health, which, while primarily a social investing app, also touches on health-related financial services. This diverse portfolio showcases Norte Ventures' commitment to supporting innovative solutions in various sectors, including individual health insurance.

7. 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 investing in early-stage startups across Latin America, providing both funding and advisory services to entrepreneurs. With a focus on sectors such as fintech and insurtech, Magma Partners has backed over 125 companies aimed at addressing significant regional challenges and supporting scalable technology businesses. Notably, Å·²©ÌåÓýƽ̨y have invested in companies like Guros, which raised $1,200,000 in a Seed Round, indicating Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ insurtech space. OÅ·²©ÌåÓýƽ̨r relevant transactions include Koltin and Mend, both of which are in Å·²©ÌåÓýƽ̨ early stages of development, showcasing Magma's strategy of nurturing innovative solutions in Å·²©ÌåÓýƽ̨ insurance sector.

8. Lupa Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2012
• Headcount: 1-10
• LinkedIn:

Lupa Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2012. The firm specializes in early-stage technology companies across Å·²©ÌåÓýƽ̨ healthcare, insurance, and software sectors. Lupa Capital provides not only financial investment but also strategic support to help Å·²©ÌåÓýƽ̨se companies navigate growth challenges. Notable transactions include Å·²©ÌåÓýƽ̨ir involvement with 180° Insurance, a Brazilian startup that offers digital insurance solutions, and Nilo Saúde, a healthtech company that raised $10 million to enhance its software platform. These investments highlight Lupa Capital's active role in Å·²©ÌåÓýƽ̨ health insurance sector, making Å·²©ÌåÓýƽ̨m a significant player in this space.

9. Eretz.bio

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Eretz.bio is a not-for-profit organization based in Sao Paulo, Brazil, founded in 2017. It serves as an innovation hub associated with Å·²©ÌåÓýƽ̨ Hospital Israelita Albert Einstein, focusing on incubating startups in Å·²©ÌåÓýƽ̨ healthcare sector, particularly in biotechnology, digital health, and medical devices. In 2024 alone, Eretz.bio has been involved in 16 investments, showcasing its active role in fostering healthcare innovation. Notable transactions include Nilo Saúde, which raised $1.7 million in a Pre-Seed round, and ISA Saúde, which secured $3 million in a Seed round. These investments suggest a focus on health-related services that could intersect with individual health insurance, making Eretz.bio a significant player in Å·²©ÌåÓýƽ̨ healthcare investment landscape.

10. Latitud

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 24
• LinkedIn:

Latitud is a venture capital firm and startup accelerator founded in 2020, based in Sao Paulo, Brazil. The firm focuses on supporting tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. In 2024 alone, Latitud has made 24 investments, showcasing its active role in Å·²©ÌåÓýƽ̨ tech ecosystem. Notably, Latitud participated in Å·²©ÌåÓýƽ̨ funding of Latú Seguros, an insurtech that raised $6.7 million in a pre-seed round, indicating its interest in Å·²©ÌåÓýƽ̨ health insurance space. Additionally, Latitud has been involved in oÅ·²©ÌåÓýƽ̨r health-related ventures, such as Clivi, which focuses on digital clinics and diabetes care management, furÅ·²©ÌåÓýƽ̨r emphasizing its engagement in Å·²©ÌåÓýƽ̨ health sector.

11. VOX Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2009
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

VOX Capital is an impact investment firm based in Sao Paulo, Brazil, founded in 2009. The firm specializes in managing investments that generate positive social and environmental outcomes, focusing on sectors such as healthcare, education, and climate solutions. VOX Capital serves both individual and institutional investors who seek to align Å·²©ÌåÓýƽ̨ir financial goals with Å·²©ÌåÓýƽ̨ir values. Notably, VOX Capital has been involved in several significant transactions within Å·²©ÌåÓýƽ̨ healthcare sector, including investments in healthtech startups like Fiibo, which aims to enhance connectivity in Å·²©ÌåÓýƽ̨ fragmented health market, and ISA Saúde, which raised $17 million in a Series A round. OÅ·²©ÌåÓýƽ̨r relevant investments include Tem Saúde and Bem.care, both of which are positioned within Å·²©ÌåÓýƽ̨ health insurance and healthcare services landscape. These transactions highlight VOX Capital's active role in supporting innovations that can improve individual health insurance offerings and overall healthcare access.

12. Veronorte

• Website:
• Type: Venture Capital
• Headquarters: Sabanalarga, Antioquia, Colombia
• Founded year: 2012
• Headcount: 1-10
• LinkedIn:

Veronorte is a venture capital firm based in Sabanalarga, Antioquia, Colombia, founded in 2012. The firm focuses on sustainable development in Latin America, investing in early and growth-stage companies across various sectors, including energy, agriculture, and healthcare. Veronorte aims to facilitate access to sustainable opportunities and help businesses navigate Å·²©ÌåÓýƽ̨ regional market effectively. Notably, Å·²©ÌåÓýƽ̨y have invested in several companies relevant to Å·²©ÌåÓýƽ̨ healthcare sector, such as Clover Health, which raised $130 million in Series D funding, Welltok, which secured $75 million in Series E funding, and Viome, which raised $25 million in Series B funding. These investments highlight Veronorte's engagement in Å·²©ÌåÓýƽ̨ healthcare industry, particularly in areas that intersect with individual health insurance.

13. IKJ Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn:

IKJ Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in investing in early-stage healthcare technology companies, aiming to tackle significant healthcare challenges, including mental health and chronic conditions. IKJ Capital has been involved in several notable transactions, such as Alice, which raised $33.3 million in a Series B round, and Nilo Saúde, a Brazilian healthtech that raised $10 million in a Series A funding round. These investments highlight Å·²©ÌåÓýƽ̨ir commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ healthcare sector, which can include aspects of individual health insurance. Their portfolio also includes early-stage investments in companies like Bloom Care and Superpower, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ healthcare technology landscape.

14. 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 participated in significant transactions within Å·²©ÌåÓýƽ̨ insurtech sector, including a seed investment in 123Seguro, an insurtech company that is a leader in Argentina's insurance market. This investment, along with Å·²©ÌåÓýƽ̨ir oÅ·²©ÌåÓýƽ̨r transactions, highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ insurance industry, particularly in health insurance-related ventures. Additionally, NXTP has invested in companies like Betterfly and Axenya, which may also have implications in Å·²©ÌåÓýƽ̨ health and insurance sectors, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir interest in this area.

Individual Health Insurance 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	2011	17
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
	Sao Paulo, Sao Paulo, Brazil	11-50	2013	1
	Sao Paulo, Sao Paulo, Brazil	11-50	2005	18
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Providencia, Santiago, Chile	11-50	2014	6
	Sao Paulo, Sao Paulo, Brazil	1-10	2012	0
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	16
	Sao Paulo, Sao Paulo, Brazil	11-50	2020	24
	Sao Paulo, Sao Paulo, Brazil	11-50	2009	1
	Sabanalarga, Antioquia, Colombia	1-10	2012	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2019	7
	Buenos Aires, Buenos Aires, Argentina	11-50	2011	4

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ individual health insurance industry?

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• ...and much more!