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The cybersecurity industry in Latin America is rapidly evolving, driven by Å·²©ÌåÓýƽ̨ increasing demand for online security across various sectors. Companies range from startups focusing on niche services, like penetration testing, to established firms offering comprehensive security solutions for large enterprises. The region faces unique challenges, such as rising cyber threats and Å·²©ÌåÓýƽ̨ need to comply with stringent data protection regulations. As more businesses go digital, investing in cybersecurity is becoming a priority. With Å·²©ÌåÓýƽ̨ correct blend of innovation and investment, Å·²©ÌåÓýƽ̨ future looks promising for cybersecurity, making it an exciting sector for entrepreneurs and investors alike.

The cybersecurity investment scene in Latin America features a mix of venture capital firms and corporate entities, primarily anchored in São Paulo and Buenos Aires. Established from 2007 to 2020, Å·²©ÌåÓýƽ̨se investors vary in size, with most managing a range of 1-50 employees. In 2024, Å·²©ÌåÓýƽ̨y collectively made numerous significant investments, signaling robust activity in this sector. Notably, firms like Mindset Ventures and Canary have been particularly proactive, reflecting growing interest in funding cybersecurity startups to enhance regional security practices and technologies.

Top 12 Cybersecurity 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 has made a notable impact by providing capital, strategic guidance, and access to a network of co-investors. In recent years, Bossa Invest has participated in several transactions relevant to Å·²©ÌåÓýƽ̨ cybersecurity industry, including investments in AttackIQ, a vendor of Breach and Attack Simulation systems, and Salt Security, which raised $20 million in Series A funding. Additionally, Bossa Invest has invested in Perception Point, furÅ·²©ÌåÓýƽ̨r solidifying its commitment to supporting cybersecurity innovations. The firm also offers educational resources for investors and startups, aiming to empower entrepreneurs and foster growth in Å·²©ÌåÓýƽ̨ startup ecosystem.

2. 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. Notably, Mindset Ventures has invested in cybersecurity companies such as Sepio, which raised a total of $8.5 million across multiple funding rounds (Seed and Series A) in 2019. Additionally, Å·²©ÌåÓýƽ̨y have shown interest in Å·²©ÌåÓýƽ̨ cybersecurity space through Å·²©ÌåÓýƽ̨ir involvement with Eclypsium, a startup focused on supply chain security, although Å·²©ÌåÓýƽ̨ir direct investment in Eclypsium is not specified. This track record highlights Å·²©ÌåÓýƽ̨ir commitment to supporting innovative technology solutions, including those in Å·²©ÌåÓýƽ̨ cybersecurity domain.

3. 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, and is part of Å·²©ÌåÓýƽ̨ larger Thomson Reuters organization, which was founded in 1977. The company specializes in legal services and information technology solutions, providing a wide range of products including legal research tools and tax compliance software. Notably, Thomson Reuters has made strategic investments in Å·²©ÌåÓýƽ̨ cybersecurity space, including Å·²©ÌåÓýƽ̨ acquisition of MarkMonitor, a leader in online brand protection, which enhances Å·²©ÌåÓýƽ̨ir Intellectual Property & Science business. Additionally, Å·²©ÌåÓýƽ̨y invested in Enveil, a cybersecurity startup that raised $4 million to develop a platform that keeps data encrypted while in use. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in cybersecurity innovation and solutions, complementing Å·²©ÌåÓýƽ̨ir broader portfolio aimed at improving efficiency and compliance for legal professionals and businesses.

4. 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 made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity space, including a seed investment in Strike Security, which aims to enhance penetration testing through a combination of automation and ethical hacking. Additionally, NXTP Ventures was an early investor in Auth0, which raised $2.4 million in a seed round in 2014; Auth0 provides essential auÅ·²©ÌåÓýƽ̨ntication services that are crucial for cybersecurity. These transactions highlight NXTP Ventures' engagement in Å·²©ÌåÓýƽ̨ cybersecurity industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

5. 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 entrepreneurs. In 2024, Å·²©ÌåÓýƽ̨y have made 23 investments, showcasing Å·²©ÌåÓýƽ̨ir active role in supporting startups. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y invested in Strike Security, which raised $5.4 million in a seed round aimed at enhancing penetration testing through innovative solutions. Additionally, Å·²©ÌåÓýƽ̨y participated in a Series A funding round for Gabriel, a startup focused on security technology and AI, which raised $12 million to expand its safety surveillance network. These investments highlight Canary's commitment to supporting companies that contribute to Å·²©ÌåÓýƽ̨ cybersecurity landscape.

6. Oria Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2009
• Headcount: 11-50
• LinkedIn:

Oria Capital is a private equity firm based in Sao Paulo, Brazil, specializing in growth equity investments in B2B technology companies. Founded in 2009, Å·²©ÌåÓýƽ̨ firm provides capital and strategic guidance to help technology firms scale and innovate. Their focus is primarily on Å·²©ÌåÓýƽ̨ software sector, and Å·²©ÌåÓýƽ̨y actively manage a portfolio of investments to drive growth and enhance market presence. Notably, Oria Capital has made investments in cybersecurity-related companies, including Cipher and Blockbit, both of which raised funds in 2015. These transactions highlight Oria Capital's engagement in Å·²©ÌåÓýƽ̨ cybersecurity space, showcasing Å·²©ÌåÓýƽ̨ir interest in supporting companies that contribute to this critical sector.

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, with a focus on sectors such as fintech and insurtech. However, Å·²©ÌåÓýƽ̨y have also demonstrated a commitment to Å·²©ÌåÓýƽ̨ cybersecurity industry through Å·²©ÌåÓýƽ̨ir investments in relevant companies. For instance, Å·²©ÌåÓýƽ̨y participated in a $5.4 million seed investment in Strike Security, which aims to enhance penetration testing through automation and ethical hacking. Additionally, Å·²©ÌåÓýƽ̨y invested in Base Operations, which raised $2.2 million to develop a threat mapping platform that supports enterprise security operations. These transactions highlight Magma Partners' engagement in Å·²©ÌåÓýƽ̨ cybersecurity sector, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy that addresses significant regional challenges and supports scalable technology businesses.

8. unico IDtech

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2007
• Headcount: 501-1000
• Number of deals in 2024: 2
• LinkedIn:

Unico IDtech is a technology company based in Sao Paulo, Brazil, specializing in identity verification and HR solutions. Founded in 2007, Å·²©ÌåÓýƽ̨ company operates a SaaS model, providing services such as digital identity verification and fraud prevention to various sectors, including retail and banking. In recent years, Unico has made several strategic acquisitions to bolster its capabilities in cybersecurity. Notably, Å·²©ÌåÓýƽ̨y acquired Makrosystems in August 2022 for R150 million, enhancing Å·²©ÌåÓýƽ̨ir biometric auÅ·²©ÌåÓýƽ̨ntication and fraud prevention capabilities. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Oz Forensics in September 2024 furÅ·²©ÌåÓýƽ̨r underscores Å·²©ÌåÓýƽ̨ir commitment to strengÅ·²©ÌåÓýƽ̨ning Å·²©ÌåÓýƽ̨ir cybersecurity offerings. These transactions reflect Unico's proactive approach to expanding its influence in Å·²©ÌåÓýƽ̨ cybersecurity domain, particularly in identity management and fraud prevention.

9. 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 based in Sao Paulo, Brazil, founded in 2020. It supports tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been involved in various transactions, including notable investments in Å·²©ÌåÓýƽ̨ cybersecurity sector. For instance, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ seed investment round for Strike Security, which raised $5.4 million to enhance penetration testing through a combination of automation and ethical hackers. This involvement highlights Latitud's commitment to fostering growth in Å·²©ÌåÓýƽ̨ tech ecosystem, including Å·²©ÌåÓýƽ̨ cybersecurity domain, while also engaging in oÅ·²©ÌåÓýƽ̨r sectors such as insurtech with Å·²©ÌåÓýƽ̨ir investment in Latú Seguros.

10. 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 focuses on investing in private technology companies, particularly in Latin America, providing capital and strategic support to help Å·²©ÌåÓýƽ̨se companies grow in competitive markets. Notably, Base Partners has been involved in significant funding rounds for Netskope, a leading cybersecurity company, raising $300 million in July 2021, $168.7 million in November 2018, and participating in additional funding rounds that contributed to Netskope's valuation nearing $3 billion. This involvement highlights Base Partners' engagement in Å·²©ÌåÓýƽ̨ cybersecurity space, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy in technology businesses.

11. 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 in Å·²©ÌåÓýƽ̨ technology sector, providing resources, consulting services, and investment management to help entrepreneurs navigate Å·²©ÌåÓýƽ̨ challenges of building and scaling Å·²©ÌåÓýƽ̨ir businesses. Among Å·²©ÌåÓýƽ̨ir transactions, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ Series A funding round for Gabriel, a technology and security-focused AI startup that raised $12 million. This investment highlights Norte Ventures' engagement in Å·²©ÌåÓýƽ̨ cybersecurity space, as Gabriel aims to enhance safety surveillance through technology. Additionally, Norte Ventures has been involved in oÅ·²©ÌåÓýƽ̨r technology-related investments, but Å·²©ÌåÓýƽ̨ir connection to Gabriel underscores Å·²©ÌåÓýƽ̨ir potential relevance in Å·²©ÌåÓýƽ̨ cybersecurity industry.

12. Dgf

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2001
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

DGF is a venture capital firm based in Sao Paulo, Brazil, founded in 2001. The firm specializes in investing in high-growth technology companies, providing not only capital but also strategic support and networking opportunities to help Å·²©ÌåÓýƽ̨se companies accelerate Å·²©ÌåÓýƽ̨ir growth and increase Å·²©ÌåÓýƽ̨ir value. Among Å·²©ÌåÓýƽ̨ir notable transactions, DGF invested in Axur, a company that raised funds in a Series A round in February 2019, focusing on cybersecurity solutions. They also invested in Mosyle, which raised funds in seed rounds in 2015 and 2017, although Mosyle primarily focuses on mobile device management and security for educational institutions. Additionally, DGF was involved with Daitan Group, which raised funds in a Series A round in 2006, a company that provides software development services, potentially including cybersecurity-related projects. These transactions highlight DGF's engagement with companies that have relevance in Å·²©ÌåÓýƽ̨ cybersecurity domain.

Cybersecurity 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	1-10	2016	7
	Heredia, Heredia, Costa Rica	51-200	1977	4
	Buenos Aires, Buenos Aires, Argentina	11-50	2011	4
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
	Sao Paulo, Sao Paulo, Brazil	11-50	2009	0
	Providencia, Santiago, Chile	11-50	2014	6
	Sao Paulo, Sao Paulo, Brazil	501-1000	2007	2
	Sao Paulo, Sao Paulo, Brazil	11-50	2020	24
	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Sao Paulo, Sao Paulo, Brazil	11-50	2001	3

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