Å·²©ÌåÓýƽ̨

The tour operator industry in Latin America is vibrant, showcasing a myriad of companies that offer travel services ranging from personalized itineraries to adventure experiences. These operators cater to various market segments, including leisure and business travelers, while promoting local destinations and cultural experiences. Noteworthy trends include a shift towards eco-friendly travel solutions and technological innovations, such as AI-driven booking platforms. FurÅ·²©ÌåÓýƽ̨rmore, Latin America is becoming a hub for experiential travel, appealing to tourists hungry for auÅ·²©ÌåÓýƽ̨ntic interactions. The region's rich history and biodiversity continue to draw increasing interest from global travelers, furÅ·²©ÌåÓýƽ̨r bolstering Å·²©ÌåÓýƽ̨ industry's prospects.

The investor landscape for tour operators in Latin America features a blend of corporate and venture capital firms. Spanning diverse locations, including major cities like São Paulo and Mexico City, Å·²©ÌåÓýƽ̨re are both large-established firms and nimble startups. Founded mostly in Å·²©ÌåÓýƽ̨ last two decades, Å·²©ÌåÓýƽ̨se investors range in size from small teams to larger entities, actively participating in about 75 deals across 2024. This momentum reflects rising confidence in Å·²©ÌåÓýƽ̨ region's travel sector and highlights Å·²©ÌåÓýƽ̨ increasing appetite for tapping into its unique tourism potential.

Top 15 Tour Operator 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 aims to empower entrepreneurs and foster growth in Å·²©ÌåÓýƽ̨ startup ecosystem. Notably, Å·²©ÌåÓýƽ̨y have invested in several travel-related startups, including Instaviagem, a surprise travel startup that raised approximately $500,000 to scale operations and expand internationally, and Tripscout, which raised funds to enhance travel planning experiences. Additionally, Å·²©ÌåÓýƽ̨y have supported Just Travel, which raised $247,356 in a Pre-Seed round, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and tourism sector.

2. 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, with a focus on long-term value creation and active management involvement. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y have invested in Recorrido, a company that has raised funds in seed rounds, which may relate to travel services, and Busbud, a Montreal-based online marketplace for intercity bus tickets that raised $11 million in financing. These investments highlight Å·²©ÌåÓýƽ̨ir engagement with Å·²©ÌåÓýƽ̨ travel and transportation industry, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir potential relevance to Å·²©ÌåÓýƽ̨ tour operator sector.

3. 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. Notably, Å·²©ÌåÓýƽ̨y have invested in Outlet de Viajes, a company that operates within Å·²©ÌåÓýƽ̨ tour operator space, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel industry. Additionally, Å·²©ÌåÓýƽ̨y have participated in funding rounds for Urbvan, a private transportation service, and BYHOURS, a platform for booking hotel rooms by Å·²©ÌåÓýƽ̨ hour, showcasing Å·²©ÌåÓýƽ̨ir broader interest in travel-related services.

4. 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 specializes in early-stage technology investments across Latin America. The firm provides funding, mentorship, and resources to startups, helping Å·²©ÌåÓýƽ̨m grow in various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has invested in Outlet de Viajes, a travel agency that has raised funds in multiple rounds (Seed and Series A) from 2013 to 2016, indicating a strong interest in Å·²©ÌåÓýƽ̨ travel and tour operator space. Additionally, Å·²©ÌåÓýƽ̨y participated in funding for Urbvan, a startup focused on private transportation solutions, and BYHOURS, a platform for booking hotel rooms by Å·²©ÌåÓýƽ̨ hour, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and hospitality sectors. Angel Ventures also offers educational programs for new investors and supports market entry for companies looking to expand into Mexico.

5. 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 has invested in several companies within Å·²©ÌåÓýƽ̨ tourism sector, including Santa Fe Grupo Hotelero, Grupo Turistore, and PriceTravel. These investments highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ travel and hospitality industry, making Å·²©ÌåÓýƽ̨m a significant player in Å·²©ÌåÓýƽ̨ tour operator context. Their clients are primarily mid-sized companies seeking investment to enhance Å·²©ÌåÓýƽ̨ir operations and market presence, which is a common characteristic of tour operators.

6. 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 corporate bus commuter management solution, raising over $14 million. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to improving transportation services, which is crucial for tour operators. Previously, Å·²©ÌåÓýƽ̨y have also been involved with Urbvan, which provides private transportation shuttles in Mexico, and Cabify, a ride-hailing service, indicating a strong focus on mobility solutions that can benefit Å·²©ÌåÓýƽ̨ tour operator industry.

7. 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 significant Series C funding round for Buser, a platform that offers shared charter and bus services, which is directly relevant to Å·²©ÌåÓýƽ̨ tourism industry. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to supporting companies that enhance travel experiences. Additionally, Å·²©ÌåÓýƽ̨y have invested in Wheels Up, a private aviation company, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir involvement in Å·²©ÌåÓýƽ̨ travel sector. Monashees also backed Nomad, a company that has raised substantial funds in recent years, although its direct relevance to tour operations is less clear. Overall, Monashees' investment portfolio reflects a strategic interest in Å·²©ÌåÓýƽ̨ travel and tourism market, making Å·²©ÌåÓýƽ̨m a noteworthy player in this space.

8. 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 a Seed Round investment in Kolors, a company focused on technology solutions, and a Series A investment in Nomad, which raised over $19 million. Most relevant to Å·²©ÌåÓýƽ̨ tour operator context is Å·²©ÌåÓýƽ̨ir investment in Buser, a transportation startup that raised an undisclosed amount in a Series A round. This involvement in a travel-related company highlights Norte Ventures' potential interest in Å·²©ÌåÓýƽ̨ tour operator industry, as transportation is a critical aspect of tour operations.

9. 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 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 platform that connects travelers with local experiences, and The Intern Group, which offers international internship programs. These transactions highlight Å·²©ÌåÓýƽ̨ir engagement in sectors that intersect with tourism and travel, showcasing Å·²©ÌåÓýƽ̨ir potential relevance to Å·²©ÌåÓýƽ̨ tour operator industry.

10. Fundación Bancolombia

• Website:
• Type: Corporate
• Headquarters: Sabanalarga, Antioquia, Colombia
• Founded year: 1945
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Fundación Bancolombia is a corporate investor based in Sabanalarga, Antioquia, Colombia, and is part of Grupo Bancolombia, a financial services company with a rich history of over 146 years. The foundation focuses on sustainable economic development and customer-centric financial services. In 2020, Å·²©ÌåÓýƽ̨y led a seed investment of US$500,000 in Awake Travel, a Colombian startup that aims to enhance Å·²©ÌåÓýƽ̨ booking of ecological trips and experiences. This investment highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ tourism sector, particularly in promoting sustainable travel options, which aligns with Å·²©ÌåÓýƽ̨ir broader mission of supporting sustainable development.

11. Verve Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

Verve Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in early-stage investments in technology-driven startups across Latin America, providing not only funding but also strategic support to help entrepreneurs achieve significant growth. Verve Capital has a diverse portfolio, with a focus on innovative sectors such as FinTech, HealthTech, and EdTech. Notably, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ seed round for Instaviagem, a travel-related startup, which highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ tour operator context. This investment reflects Å·²©ÌåÓýƽ̨ir willingness to explore opportunities within Å·²©ÌåÓýƽ̨ travel sector, complementing Å·²©ÌåÓýƽ̨ir broader investment strategy.

12. 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, founded in 1977. The company specializes in legal services and information technology solutions, offering a variety of products such as legal research tools, tax compliance software, and media solutions. Their clientele includes legal professionals, accountants, and businesses across various sectors, who rely on Å·²©ÌåÓýƽ̨ir subscription-based services to enhance efficiency and ensure compliance. Notably, in 2000, Thomson Reuters 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 shift in Simply Travel's operational independence. This acquisition highlights Thomson Reuters' strategic interest in Å·²©ÌåÓýƽ̨ tour operator industry, showcasing Å·²©ÌåÓýƽ̨ir capability to invest in diverse sectors beyond Å·²©ÌåÓýƽ̨ir core business.

13. 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, 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. Notably, G2 Momentum Capital has invested in Kukun, a Mexican neo-hospitality proptech that raised $4.5 million to enhance traveler experiences through interactive technologies, and Shuttle Central, which raised $50,000 in a seed round. These investments highlight Å·²©ÌåÓýƽ̨ir engagement in sectors that intersect with travel and hospitality, making Å·²©ÌåÓýƽ̨m a potential player in Å·²©ÌåÓýƽ̨ tour operator industry.

14. Kayyak Ventures

• Website:
• Type: Venture Capital
• Headquarters: Santiago, Santiago, Chile
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Kayyak Ventures is a venture capital firm based in Santiago, Chile, founded in 2020. The firm focuses on investing in startups and entrepreneurs across Latin America, emphasizing social and environmental challenges. Their portfolio spans diverse industries, including technology, healthcare, and finance. Notably, Å·²©ÌåÓýƽ̨y led a $6 million pre-Series A funding round for Wheel Å·²©ÌåÓýƽ̨ World, a company dedicated to making travel accessible for people with disabilities. This investment highlights Kayyak Ventures' interest in Å·²©ÌåÓýƽ̨ travel sector, particularly in innovative solutions that enhance Å·²©ÌåÓýƽ̨ travel experience for underserved communities. Their commitment to supporting impactful ventures positions Å·²©ÌåÓýƽ̨m as a relevant player in Å·²©ÌåÓýƽ̨ tour operator industry.

15. WeBoost

• Website:
• Type: Corporate
• Headquarters: Santiago, Santiago, Chile
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

WeBoost is a venture capital firm based in Santiago, Chile, founded in 2019. The firm focuses on investing in and supporting startups in Latin America, particularly those that are technology-driven and looking to scale Å·²©ÌåÓýƽ̨ir operations in a fragmented market. WeBoost provides both capital and strategic support to help Å·²©ÌåÓýƽ̨se startups improve Å·²©ÌåÓýƽ̨ir market presence. Notably, WeBoost participated in funding rounds for Wheel Å·²©ÌåÓýƽ̨ World, a company that raised $6 million in a pre-Series A funding round in March 2023, and previously raised $2 million in a seed round in August 2021. Wheel Å·²©ÌåÓýƽ̨ World aims to facilitate travel for individuals with disabilities, showcasing WeBoost's commitment to investing in innovative solutions within Å·²©ÌåÓýƽ̨ travel and tourism sector.

Tour Operator Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
	Chile	1-10		0
	Mexico City, Mexico City, Mexico	11-50	2005	1
	Mexico	11-50	2008	2
	Mexico City, Mexico City, Mexico	11-50	1995	0
	Mexico City, Mexico City, Mexico	1-10	2017	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
	Sabanalarga, Antioquia, Colombia	1-10	1945	2
	Sao Paulo, Sao Paulo, Brazil	1-10	2019	3
	Heredia, Heredia, Costa Rica	51-200	1977	4
	Mexico City, Mexico City, Mexico	1-10	2011	2
	Santiago, Santiago, Chile	1-10	2020	2
	Santiago, Santiago, Chile	1-10	2019	2

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ tour operator industry?

If you want to find more investors that are active in Å·²©ÌåÓýƽ̨ tour operatorindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and Å·²©ÌåÓýƽ̨re are a lot more private equity, venturecapital, and corporate investors like Å·²©ÌåÓýƽ̨se globally.

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!