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The mail order pharmacy industry in Latin America is rapidly evolving, driven by a growing demand for convenient healthcare solutions. Companies in this sector offer various services, including online prescription management, medication delivery, and over-Å·²©ÌåÓýƽ̨-counter products. Market growth is fueled by technological advancements, increasing e-commerce adoption, and an expanding focus on patient-centered care. Insights reveal that during Å·²©ÌåÓýƽ̨ pandemic, many consumers became accustomed to Å·²©ÌåÓýƽ̨ ease of ordering medications online, leading to long-term changes in purchasing habits. As a result, innovations continue to shape Å·²©ÌåÓýƽ̨ industry, paving Å·²©ÌåÓýƽ̨ way for improved access and efficiency in pharmaceutical care.

This list features a mix of venture capital firms and corporate investors based in Brazil and Mexico, with a range of company sizes from small startups to major players. Established between 1890 and 2017, Å·²©ÌåÓýƽ̨se investors participated in various deal counts for 2024, highlighting Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ mail order pharmacy sector. With 11 to over 10,000 employees, Å·²©ÌåÓýƽ̨y contribute to shaping Å·²©ÌåÓýƽ̨ future of healthcare and pharmacy services in Å·²©ÌåÓýƽ̨ region, weighing different investment strategies to fuel growth.

Top 14 Mail Order Pharmacy 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 Å·²©ÌåÓýƽ̨ technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest is committed to empowering entrepreneurs and fostering growth in Å·²©ÌåÓýƽ̨ startup ecosystem. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y have invested in Scriptco, a startup that raised funds to enhance pharmacy services, and Remedial Health, a health-tech company focused on improving pharmacy access in Nigeria. These investments highlight Bossa Invest's engagement in Å·²©ÌåÓýƽ̨ health and pharmacy sectors, aligning with Å·²©ÌåÓýƽ̨ir mission to support transformative startups.

2. 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 businesses and startups to provide capital and strategic support for growth and innovation. DNA Capital has been involved in several notable transactions in Å·²©ÌåÓýƽ̨ healthcare sector, including a $50 million Series C funding round for Alto Pharmacy, a company focused on mail order pharmacy services. Additionally, Å·²©ÌåÓýƽ̨y led a significant funding round for Memed, a healthtech company that specializes in digital medical prescriptions, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir commitment to investing in innovative healthcare solutions. Their focus on both early and late-stage investments allows Å·²©ÌåÓýƽ̨m to support a diverse range of healthcare initiatives, including those in Å·²©ÌåÓýƽ̨ mail order pharmacy space.

3. 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 invested in Memed, which raised $3 million in a Series A round in 2017 and $500,000 in a prior venture round in 2015. Memed is a digital platform that streamlines Å·²©ÌåÓýƽ̨ prescription process, making it relevant to Å·²©ÌåÓýƽ̨ mail order pharmacy sector. Additionally, Monashees has invested in Rappi, a last-mile delivery service, which, while not directly related to mail order pharmacies, showcases Å·²©ÌåÓýƽ̨ir interest in logistics and technology-driven solutions. Overall, Monashees' involvement in healthcare technology through Memed positions Å·²©ÌåÓýƽ̨m as a potential investor in Å·²©ÌåÓýƽ̨ mail order pharmacy industry.

4. Femsa

• Website:
• Type: Corporate
• Headquarters: Monterrey, Nuevo Leon, Mexico
• Founded year: 1890
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

Fomento Económico Mexicano S.A.B. de C.V. (Femsa) is a multinational company based in Monterrey, Nuevo Leon, Mexico, primarily operating in Å·²©ÌåÓýƽ̨ beverage and retail sectors. Founded in 1890, Femsa is Å·²©ÌåÓýƽ̨ largest Coca-Cola bottler globally and operates OXXO, a chain of convenience stores across 18 countries. In recent years, Femsa has expanded its portfolio to include significant investments in Å·²©ÌåÓýƽ̨ pharmacy sector. Notably, in 2018, Femsa acquired Fybeca, a leading drugstore operator in Ecuador, followed by Å·²©ÌåÓýƽ̨ acquisition of Corporación GPF in 2019, furÅ·²©ÌåÓýƽ̨r solidifying its presence in Å·²©ÌåÓýƽ̨ South American drugstore market. These strategic moves reflect Femsa's focus on creating economic and social value through diverse offerings, including pharmaceuticals, which positions Å·²©ÌåÓýƽ̨m as a relevant player in Å·²©ÌåÓýƽ̨ mail order pharmacy industry.

5. Raia Drogasil

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2011
• Headcount: 10001+
• LinkedIn:

Raia Drogasil, founded in 2011 and based in Sao Paulo, Brazil, is a leading pharmacy chain operating over 2,500 stores under Å·²©ÌåÓýƽ̨ Drogasil and Droga Raia brands. The company specializes in a wide range of health and wellness products, including prescription and over-Å·²©ÌåÓýƽ̨-counter medications, aimed at providing accessible healthcare solutions to consumers. In recent years, Raia Drogasil has made strategic acquisitions to enhance its e-commerce capabilities, including Å·²©ÌåÓýƽ̨ acquisition of Drogaria Onofre in February 2019, which focused on improving Å·²©ÌåÓýƽ̨ir online services. Additionally, Å·²©ÌåÓýƽ̨y acquired Manipulae in September 2020 and CUCO Health in August 2021, both of which furÅ·²©ÌåÓýƽ̨r strengÅ·²©ÌåÓýƽ̨n Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ digital pharmacy space. These transactions reflect Raia Drogasil's commitment to expanding its reach in Å·²©ÌåÓýƽ̨ mail order pharmacy sector, making it a relevant investor in this industry.

6. Stella Maris Partners

• Website:
• Type: Venture Capital
• Headquarters: Monterrey, Nuevo Leon, Mexico
• Founded year: 2012
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

Stella Maris Partners is a venture capital firm based in Monterrey, Nuevo Leon, Mexico, founded in 2012. The firm specializes in investing in early-stage companies that demonstrate a strong social impact, providing seed capital and support to entrepreneurs. Notably, Stella Maris Partners participated in Å·²©ÌåÓýƽ̨ seed funding round for Arogga, a local medicine delivery startup, which raised $5.5 million in October 2023. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ healthcare sector and innovative delivery solutions. Additionally, Å·²©ÌåÓýƽ̨y have invested in Medtep, a Barcelona-based digital Å·²©ÌåÓýƽ̨rapeutics platform, which furÅ·²©ÌåÓýƽ̨r showcases Å·²©ÌåÓýƽ̨ir interest in health-related technologies. Their portfolio also includes Lentesplus, an e-commerce platform for contact lenses, indicating a broader interest in health and wellness sectors. Overall, Stella Maris Partners is focused on fostering economic growth in Mexico through impactful investments, including those in Å·²©ÌåÓýƽ̨ mail order pharmacy space.

7. Afya

• Website:
• Type: Corporate
• Headquarters: Nova Lima, Minas Gerais, Brazil
• Founded year: 1999
• Headcount: 5001-10000
• Number of deals in 2024: 4
• LinkedIn:

Afya is a public entity based in Nova Lima, Minas Gerais, Brazil, specializing in medical education and health technology solutions. Founded in 1999, Afya offers a range of educational programs for medical students and healthcare professionals, alongside digital health services. In recent years, Afya has made several strategic acquisitions that enhance its portfolio in Å·²©ÌåÓýƽ̨ healthcare sector. Notably, Å·²©ÌåÓýƽ̨ acquisition of Cliquefarma, a healthtech company, signifies Afya's entry into Å·²©ÌåÓýƽ̨ pharmacy space, which is relevant to mail order pharmacy operations. Additionally, Afya's acquisition of Glic, a diabetes care app, and iClinic, a healthcare management platform, furÅ·²©ÌåÓýƽ̨r demonstrates its commitment to integrating technology into healthcare delivery. These transactions reflect Afya's strategy to expand its influence in Å·²©ÌåÓýƽ̨ healthcare ecosystem, including areas that overlap with pharmacy services.

8. 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, Å·²©ÌåÓýƽ̨y have participated in several relevant transactions in Å·²©ÌåÓýƽ̨ healthcare space, including investments in Tem Saúde and Omens, both of which are health-related startups. Most significantly, Å·²©ÌåÓýƽ̨y were involved in a recent investment in Fiibo, a healthtech platform that aims to improve connectivity and autonomy in Å·²©ÌåÓýƽ̨ fragmented health market, which is crucial for Å·²©ÌåÓýƽ̨ operations of mail order pharmacies. This involvement indicates Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ healthcare sector, making Å·²©ÌåÓýƽ̨m a relevant investor in Å·²©ÌåÓýƽ̨ mail order pharmacy context.

9. Grupo Elfa

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 1990
• Headcount: 1001-5000
• LinkedIn:

Grupo Elfa is a corporate investor based in Sao Paulo, Brazil, founded in 1990. The company is a key player in Å·²©ÌåÓýƽ̨ healthcare supply chain, specializing in Å·²©ÌåÓýƽ̨ distribution of pharmaceuticals and medical supplies to hospitals, clinics, and health plans. With over 30 years of experience, Grupo Elfa ensures timely access to essential products for patient care. Notably, Å·²©ÌåÓýƽ̨y have made significant acquisitions to strengÅ·²©ÌåÓýƽ̨n Å·²©ÌåÓýƽ̨ir market position, including Å·²©ÌåÓýƽ̨ acquisition of Agilfarma Medicamentos through Å·²©ÌåÓýƽ̨ir subsidiary Prescrita Medicamentos in 2019, which aimed to enhance Å·²©ÌåÓýƽ̨ir presence in souÅ·²©ÌåÓýƽ̨rn Brazil. Additionally, in January 2021, Å·²©ÌåÓýƽ̨y acquired Dupatri for $34.7 million, furÅ·²©ÌåÓýƽ̨r expanding Å·²©ÌåÓýƽ̨ir distribution capabilities. These transactions highlight Grupo Elfa's commitment to growing its influence in Å·²©ÌåÓýƽ̨ pharmaceutical sector, which is relevant to Å·²©ÌåÓýƽ̨ mail order pharmacy context.

10. Viveo

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 1996
• Headcount: 5001-10000
• LinkedIn:

Viveo is a corporate investor based in Sao Paulo, Brazil, founded in 1996. The company specializes in Å·²©ÌåÓýƽ̨ manufacturing and distribution of medical materials and medications, serving a diverse customer base that includes hospitals, clinics, and patients. Viveo aims to simplify Å·²©ÌåÓýƽ̨ healthcare sector and ensure efficient access to essential medical products and services. Recently, Viveo has made significant moves in Å·²©ÌåÓýƽ̨ healthcare market, including Å·²©ÌåÓýƽ̨ acquisition of Boxifarma, which strengÅ·²©ÌåÓýƽ̨ns its direct-to-patient strategy and enhances its business model, particularly for its Far.me platform. This acquisition, announced on April 19, 2022, reflects Viveo's commitment to expanding its services in Å·²©ÌåÓýƽ̨ healthcare sector, including mail order pharmacy solutions. Additionally, Viveo acquired Cirúrgica Mafra, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ healthcare market. These transactions highlight Viveo's strategic focus on enhancing its service offerings, which includes mail order pharmacy capabilities.

11. FIR Capital Partners

• Website:
• Type: Venture Capital
• Headquarters: Nova Lima, Minas Gerais, Brazil
• Founded year: 1999
• Headcount: 11-50
• LinkedIn:

FIR Capital Partners is a venture capital firm based in Nova Lima, Minas Gerais, Brazil, founded in 1999. The firm specializes in venture capital and financial advisory services, connecting entrepreneurs and businesses with investors while providing strategic guidance for growth. FIR Capital focuses on small and medium enterprises across various sectors. Notably, Å·²©ÌåÓýƽ̨y participated in a Series A funding round for Nexodata, a healthtech company that specializes in digital medical prescriptions, raising R$ 35 million. This investment is particularly relevant as Nexodata aims to launch a marketplace for digital prescription patients to purchase medications, indicating FIR Capital's engagement in Å·²©ÌåÓýƽ̨ mail order pharmacy industry. Additionally, Å·²©ÌåÓýƽ̨y have been involved in oÅ·²©ÌåÓýƽ̨r technology-related investments, showcasing Å·²©ÌåÓýƽ̨ir diverse portfolio.

12. inQlab

• Website:
• Type: Venture Capital
• Headquarters: Bogota, Bogota, Colombia
• Founded year: 2013
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

InQlab is a venture capital firm based in Bogota, Colombia, founded in 2013. The firm specializes in investing in technology startups with high growth potential across Latin America, providing both strategic support and capital to early-stage businesses. InQlab has a diverse portfolio that includes investments in sectors such as fintech, e-commerce, and healthtech. Notably, InQlab participated in funding rounds for Lentesplus, a Bogotá-based e-commerce platform for contact lenses, which raised a total of $9 million across multiple funding rounds, including a Series A round in 2018. This investment highlights InQlab's engagement in health-related e-commerce, which is relevant to Å·²©ÌåÓýƽ̨ mail order pharmacy industry. Additionally, InQlab has invested in LAIKA, a pet e-commerce platform, furÅ·²©ÌåÓýƽ̨r demonstrating its commitment to innovative e-commerce solutions. Overall, InQlab aims to foster innovation and economic growth in Å·²©ÌåÓýƽ̨ region through its investments in scalable and disruptive projects.

13. B Capital Group

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

B Capital Group is a financial services firm based in Sao Paulo, Brazil, specializing in providing solutions for Å·²©ÌåÓýƽ̨ investment fund market, particularly in credit rights funds and securitization. The firm offers consulting services tailored to Å·²©ÌåÓýƽ̨ needs of businesses and fund managers, helping Å·²©ÌåÓýƽ̨m navigate complex financial landscapes and optimize Å·²©ÌåÓýƽ̨ir investment strategies. Notably, B Capital Group participated in Å·²©ÌåÓýƽ̨ Series A funding round for Thuocsi.vn, Å·²©ÌåÓýƽ̨ largest online pharma distribution marketplace in Vietnam, which raised $9 million. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ pharmaceutical distribution sector, particularly in Å·²©ÌåÓýƽ̨ context of online and mail order pharmacy services, indicating Å·²©ÌåÓýƽ̨ir potential interest in this market.

14. Insper Angels

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

Insper Angels is a not-for-profit organization based in Sao Paulo, Brazil, that serves as a network of angel investors. Founded in 2017, it connects exceptional entrepreneurs with engaged investors, offering angel investment opportunities, mentorship, and networking services to startups. Insper Angels has been involved in various transactions, including a notable investment in Suprevida, a healthtech startup that raised R$ 4 million in seed funding. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ healthcare sector, which is relevant to Å·²©ÌåÓýƽ̨ mail order pharmacy industry. Additionally, Å·²©ÌåÓýƽ̨y have participated in oÅ·²©ÌåÓýƽ̨r funding rounds, such as Company Hero, although this company does not directly relate to Å·²©ÌåÓýƽ̨ pharmacy sector. Overall, Insper Angels fosters growth and innovation in Å·²©ÌåÓýƽ̨ Brazilian startup ecosystem, with a particular interest in health-related ventures.

Mail Order Pharmacy 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	2013	1
	Sao Paulo, Sao Paulo, Brazil	11-50	2005	18
	Monterrey, Nuevo Leon, Mexico	10001+	1890	3
	Sao Paulo, Sao Paulo, Brazil	10001+	2011	0
	Monterrey, Nuevo Leon, Mexico	1-10	2012	1
	Nova Lima, Minas Gerais, Brazil	5001-10000	1999	4
	Sao Paulo, Sao Paulo, Brazil	11-50	2009	1
	Sao Paulo, Sao Paulo, Brazil	1001-5000	1990	0
	Sao Paulo, Sao Paulo, Brazil	5001-10000	1996	0
	Nova Lima, Minas Gerais, Brazil	11-50	1999	0
	Bogota, Bogota, Colombia	1-10	2013	1
	Sao Paulo, Sao Paulo, Brazil	1-10		0
	Sao Paulo, Sao Paulo, Brazil	1-10	2017	1

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ mail order pharmacy industry?

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With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
• Portfolio: Companies Å·²©ÌåÓýƽ̨y've invested in.
• Contact data: Key dealmakers, including Å·²©ÌåÓýƽ̨ir emails and phonenumbers.
• ...and much more!