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The online car rental industry in Latin America has blossomed in recent years, driven by growing demand for seamless mobility solutions. Companies range from global giants to innovative startups, offering services like car subscriptions, traditional rentals, and ride-sharing options. The surge in smartphone penetration, coupled with urbanization, encourages a shift toward flexible transportation alternatives. Emerging platforms are integrating advanced technology for enhanced user experience, including contactless rentals and eco-friendly vehicle options. Insights show that consumers increasingly favor subscription models, signaling a potential transformation in how car ownership is perceived and managed in Å·²©ÌåÓýƽ̨ region.

This article highlights 17 investors actively shaping Å·²©ÌåÓýƽ̨ online car rental space in Latin America. Predominantly venture capitalists based in Brazil and Argentina, Å·²©ÌåÓýƽ̨se investors vary in size and approach, with most founded in Å·²©ÌåÓýƽ̨ last two decades. In 2024 alone, firms like Canary and Monashees executed multiple deals, showcasing Å·²©ÌåÓýƽ̨ir commitment to fostering growth in transportation. The collection illustrates diverse strategies shaping Å·²©ÌåÓýƽ̨ industry's future while addressing Å·²©ÌåÓýƽ̨ urgent need for innovative mobility solutions through significant capital investment.

Top 17 Online Car Rental 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 in Å·²©ÌåÓýƽ̨ online car rental context, including a significant investment in Kovi, a car subscription startup that raised $100 million to expand its operations in Latin America. Additionally, Bossa Invest has invested in Turbi, which has raised funds through multiple rounds, including a Series A round of approximately $2.7 million. These transactions highlight Bossa Invest's commitment to supporting growth in Å·²©ÌåÓýƽ̨ online car rental industry while also fostering innovation in Å·²©ÌåÓýƽ̨ broader startup ecosystem.

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 entrepreneurs with funding, talent acquisition support, and access to a network of industry experts. Notably, Monashees has been involved in several key transactions in Å·²©ÌåÓýƽ̨ online car rental sector, particularly with Kovi, a car subscription startup. They participated in Kovi's funding rounds, including a Seed round of $10.6 million in March 2019, a Series A round of $30 million in November 2019, and a Series B round of $100 million in August 2021. These investments highlight Monashees' active role in Å·²©ÌåÓýƽ̨ online car rental industry, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative mobility solutions in Latin America.

3. 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 commitment to fostering a vibrant technology ecosystem, Kaszek provides capital and strategic guidance to startups. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y have invested in Volanty, a Brazilian startup that facilitates vehicle transactions and has been recognized as one of Å·²©ÌåÓýƽ̨ 100 Startups To Watch. They also invested in Urbvan, a private transportation shuttle service in Mexico, and Kavak, a platform for buying and selling used cars. These investments highlight Kaszek's engagement in Å·²©ÌåÓýƽ̨ automotive and transportation sectors, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ online car rental space.

4. 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 Brazilian market, particularly within Å·²©ÌåÓýƽ̨ technology sector. They provide resources, consulting services, and educational materials to help entrepreneurs navigate Å·²©ÌåÓýƽ̨ challenges of building and scaling Å·²©ÌåÓýƽ̨ir businesses. Notably, Norte Ventures has been involved in significant transactions in Å·²©ÌåÓýƽ̨ online car rental context, particularly with Kovi, a car subscription startup. Kovi raised a total of $16 million in funding across two rounds, including a Seed Round in 2019 and a Series B round in 2021, which highlights Norte Ventures' engagement in Å·²©ÌåÓýƽ̨ online car rental industry. This involvement underscores Å·²©ÌåÓýƽ̨ir commitment to supporting innovative transportation solutions in Latin America.

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. Canary has been involved in several notable transactions, including investments in Buser, a platform for shared charter and bus services, which received significant funding to expand its services in Å·²©ÌåÓýƽ̨ domestic tourism market. Additionally, Canary participated in Å·²©ÌåÓýƽ̨ funding of Volanty, a startup that facilitates Å·²©ÌåÓýƽ̨ sale of used vehicles, indicating its engagement with Å·²©ÌåÓýƽ̨ automotive sector. These investments reflect Canary's commitment to supporting innovative companies in Å·²©ÌåÓýƽ̨ transportation and automotive industries, aligning with Å·²©ÌåÓýƽ̨ interests of online car rental services.

6. 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, focusing on sectors such as fintech and insurtech. With over 125 companies backed, Magma Partners aims to address significant regional challenges and support scalable technology businesses. Notably, Å·²©ÌåÓýƽ̨y have invested in LEASY, a Peruvian startup that raised $28 million in a Series A round in March 2024, and previously secured $2 million in equity and $15 million in debt to provide auto loans to ride-hailing drivers. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ automotive financing sector, which is closely related to online car rental services. Additionally, Å·²©ÌåÓýƽ̨y have participated in funding rounds for oÅ·²©ÌåÓýƽ̨r startups, showcasing Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ investment landscape.

7. Mercadolibre.com

• Website:
• Type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 1999
• Headcount: 1001-5000
• Number of deals in 2024: 3
• LinkedIn:

Mercado Libre is an e-commerce platform founded in 1999, based in Buenos Aires, Argentina, that facilitates online buying and selling across various product categories, including electronics, clothing, and home goods. As a corporate investor, Mercado Libre has actively participated in Å·²©ÌåÓýƽ̨ investment landscape, particularly through its MeLi Fund. Notably, Å·²©ÌåÓýƽ̨y invested in Carflix, a company that raised funds in December 2020, which is directly related to car rentals. Additionally, Å·²©ÌåÓýƽ̨y participated in Arrow Mobility's seed round in January 2023, indicating a focus on mobility solutions. Their involvement in Å·²©ÌåÓýƽ̨ insurtech sector through investments in 123Seguro and Pier also highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ automotive ecosystem, as Å·²©ÌåÓýƽ̨se companies provide insurance solutions for vehicles, which is relevant to car rental operations. Overall, Mercado Libre's diverse investment portfolio includes significant transactions that connect to Å·²©ÌåÓýƽ̨ online car rental industry.

8. 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. The firm is dedicated to enhancing urban living through smart city and mobility solutions, investing in early-stage companies that address urban challenges. They leverage Å·²©ÌåÓýƽ̨ir extensive network to provide strategic support to entrepreneurs in technology and transportation sectors. Notable transactions include a significant investment in Cabify, a ride-hailing service that raised $160 million in a Series E round, and BusUp, a corporate bus commuter management solution that raised over $14 million in a recent venture round. These investments highlight Liil Ventures' commitment to supporting innovative mobility solutions that improve urban transportation.

9. Onevc

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn:

ONEVC is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in seed-stage investments across Latin America, providing financial backing and operational assistance to startup founders. Onevc has been particularly active in Å·²©ÌåÓýƽ̨ online car rental space, having invested in Kovi, a car subscription startup, through multiple funding rounds: a Seed Round of $10.6 million in March 2019, a Series A of $30 million in November 2019, and a Series B of $100 million in August 2021. This involvement highlights Onevc's commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ car rental industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

10. Chile Ventures

• Website:
• Type: Venture Capital
• Headquarters: Santiago, Santiago, Chile
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn:

Chile Ventures is a venture capital firm based in Santiago, Chile, founded in 2015. The firm specializes in investing in technology startups, particularly those with recurring revenue models, and provides financial support ranging from $50k to $500k. They focus on small and medium enterprises in Latin America, addressing Å·²©ÌåÓýƽ̨ir need for access to financial products and growth resources. Notably, Chile Ventures has invested in Awto, which raised $6 million in a Series A round in October 2021, directly linking Å·²©ÌåÓýƽ̨m to Å·²©ÌåÓýƽ̨ online car rental industry. Additionally, Å·²©ÌåÓýƽ̨y have participated in oÅ·²©ÌåÓýƽ̨r technology-focused investments such as Wift, Rocketfy, SimpliRoute, and Leasity, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative startups across various sectors.

11. Ext Capital

• Website: extcapital.com.br
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2022
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

EXT Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2022. The firm specializes in providing funding and investment management services to technology startups, with a focus on innovative funding solutions tailored to Å·²©ÌåÓýƽ̨ needs of Å·²©ÌåÓýƽ̨ir portfolio companies. Notably, EXT Capital has made significant investments in Å·²©ÌåÓýƽ̨ mobility sector, including a $16.4 million funding round for Turbi, a Brazilian startup that aims to expand its fleet by adding 1,000 new vehicles. Additionally, Å·²©ÌåÓýƽ̨y led a $10 million investment in Fretadão, a corporate transportation startup, to help expand its vehicle fleet and user base. These transactions highlight EXT Capital's commitment to supporting Å·²©ÌåÓýƽ̨ growth of online car rental services and Å·²©ÌåÓýƽ̨ir strategic focus on Å·²©ÌåÓýƽ̨ mobility sector.

12. Invariantes Fund

• Website:
• Type: Venture Capital
• Headquarters: Guatemala
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

Invariantes Fund is a venture capital fund founded in 2015, based in Guatemala, that specializes in investing in early-stage startups across Å·²©ÌåÓýƽ̨ US and Latin America. The fund focuses on technology-driven companies, particularly in software and hardware sectors, providing not only capital but also strategic support to help startups connect with potential clients and investors. Notably, Invariantes Fund invested $300 million in Getaround during its Series D funding round in August 2018, which is a significant player in Å·²©ÌåÓýƽ̨ online car rental market. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ online car rental industry, alongside oÅ·²©ÌåÓýƽ̨r investments in diverse sectors such as pet care and financial technology.

13. INCA Ventures

• Website:
• Type: Corporate
• Headquarters: Miraflores, Lima, Peru
• Founded year: 2018
• Headcount: 1-10
• LinkedIn:

INCA Ventures is a venture capital firm based in Miraflores, Lima, Peru, founded in 2018. The firm specializes in investing in early-stage fintech startups within Å·²©ÌåÓýƽ̨ Andean region, aiming to address financial gaps and foster economic growth. Notably, INCA Ventures participated in Å·²©ÌåÓýƽ̨ funding of Leasy, a Peruvian startup that has raised $2 million in equity and $15 million in debt to provide auto loans to ride-hailing drivers, showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ automotive finance sector. OÅ·²©ÌåÓýƽ̨r transactions include investments in startups like Aptuno and Castia, which, while not directly related to car rentals, reflect Å·²©ÌåÓýƽ̨ir commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ region. Their focus on financial solutions for drivers aligns Å·²©ÌåÓýƽ̨m with Å·²©ÌåÓýƽ̨ online car rental industry, making Å·²©ÌåÓýƽ̨m a relevant player in this space.

14. Caravela Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Caravela Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm focuses on backing entrepreneurs and early-stage companies, providing funding and mentorship to help startups grow, particularly in technology and innovation. Among Å·²©ÌåÓýƽ̨ir notable transactions, Caravela Capital invested in Mottu, a motorcycle rental platform for delivery, which received a $2 million seed investment from Å·²©ÌåÓýƽ̨m in July 2020. This investment highlights Caravela's engagement in Å·²©ÌåÓýƽ̨ online rental space. Additionally, Å·²©ÌåÓýƽ̨y participated in funding rounds for oÅ·²©ÌåÓýƽ̨r startups, such as SuaQuadra, which, while not directly related to car rentals, showcases Å·²©ÌåÓýƽ̨ir active role in supporting emerging companies. Overall, Caravela Capital's investment in Mottu positions Å·²©ÌåÓýƽ̨m as a relevant player in Å·²©ÌåÓýƽ̨ online car rental industry.

15. 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 has participated in significant transactions within Å·²©ÌåÓýƽ̨ online car rental context, including investments in Bipi, which raised over $7 million in Series A funding in 2019 and $2.9 million in a Seed Round in 2017. These investments highlight Å·²©ÌåÓýƽ̨ir commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ mobility sector, contributing to economic growth in Mexico.

16. Maya Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 8
• LinkedIn:

MAYA Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2018. The firm specializes in seed stage investments in startups across Latin America, providing not only financial backing but also strategic support in areas such as hiring, market entry, and fundraising. They primarily target early-stage entrepreneurs looking to grow Å·²©ÌåÓýƽ̨ir businesses in various sectors, including technology and healthcare. Notably, Maya Capital has been involved in significant transactions within Å·²©ÌåÓýƽ̨ online car rental context, particularly with Kovi, a car subscription startup. They participated in Kovi's seed round in March 2019, followed by a Series A investment in November 2019, and furÅ·²©ÌåÓýƽ̨r funding in a Series B round in August 2021. This consistent support for Kovi highlights Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ online car rental industry, alongside Å·²©ÌåÓýƽ̨ir investments in oÅ·²©ÌåÓýƽ̨r sectors such as real estate technology through companies like Alude.

17. PIPO Capital

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 1-10
• LinkedIn:

PIPO Capital is an investment management firm based in Sao Paulo, Brazil, founded in 2021. The firm specializes in alternative investment solutions, offering growth equity, growth debt, and fund of funds to high-net-worth individuals and institutional investors. PIPO Capital leverages its extensive industry connections to provide clients with access to exclusive venture capital opportunities, helping Å·²©ÌåÓýƽ̨m diversify Å·²©ÌåÓýƽ̨ir investment portfolios. Notably, PIPO Capital was involved in a significant investment in Kovi, a car subscription startup, which received a $100 million investment to expand its operations in Latin America. This transaction highlights PIPO Capital's engagement in Å·²©ÌåÓýƽ̨ online car rental space, showcasing Å·²©ÌåÓýƽ̨ir interest in innovative mobility solutions.

Online Car Rental 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
	Sao Paulo, Sao Paulo, Brazil	11-50	2011	17
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
	Providencia, Santiago, Chile	11-50	2014	6
	Buenos Aires, Buenos Aires, Argentina	1001-5000	1999	3
	Mexico City, Mexico City, Mexico	1-10	2017	1
	Sao Paulo, Sao Paulo, Brazil	1-10	2017	9
	Santiago, Santiago, Chile	1-10	2015	5
Ext Capital	Sao Paulo, Sao Paulo, Brazil	11-50	2022	2
	Guatemala	1-10	2015	3
	Miraflores, Lima, Peru	1-10	2018	0
	Sao Paulo, Sao Paulo, Brazil	11-50	2019	5
	Monterrey, Nuevo Leon, Mexico	1-10	2012	1
	Sao Paulo, Sao Paulo, Brazil	1-10	2018	8
	Sao Paulo, Sao Paulo, Brazil	1-10	2021	0

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ online car rental industry?

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With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
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• ...and much more!