# Top 50 Health Care VC (Venture Capital) Funds in Brazil in June 2026

## Canary
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 25
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Information Technology, Software

Canary is the first partner of choice of the best founders in LatAm. We are co-founders of the companies we back, from the ground up, supported by the best community of builders.

## Bossa Invest
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 18
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Financial Services

Aprenda a Investir em Startups

## DOMO.VC
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 18
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Financial Services

DOMO.VC is a leading venture capital firm in Brazil that invests in best in class entrepreneurs. We back early-stage technology startups, helping them grow faster and establish themselves in competitive markets.We started from the collective desire of our founding partners to contribute to the success of the next generation of Brazilianentrepreneurs. DOMO’s multi-disciplinary team is supported by its Advisory Board who’s members have solid and proven track-record in creating, investing, advising and financing tech startups of all sizes.Our GPs have thrived as entrepreneurs, having founded companies such as Buscapé in Brazil. The team was also an early investor in well renowned start-ups such as Loggi, Gympass, Hotmart, among others.

## MONASHEES
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 14
- Stages: Series A, Series B, Seed
- Focus: FinTech, E-Commerce, Financial Services

monashees is the pioneer venture capital firm in Latin America. It partners with outstanding founders who are revolutionizing large markets. The firm serves entrepreneurs starting with their very first movements, supporting their growth through its expansion funds. With a human-values-first approach, monashees helps founders challenge the statusquo and improve people’s lives through technology. The monashees community includes over 150 companies and 300+ founders.

## Green Rock
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 13
- Stages: Seed, Series A, Pre-Seed
- Focus: Health Care, Software, Information Technology

Our family mission is to protect and perpetuate family values ​​through investments that ensure a solid future for future generations and guarantee that they understand the responsibility of their heritage.

## IKJ Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 13
- Stages: Seed, Series A, Pre-Seed
- Focus: Health Care, Medical, Machine Learning

IKJ Capital invests in early stage healthcare technology companies developing solutions for some of the greatest challenges in healthcare, such as mental health, chronic conditions and extending health span.

## Norte Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 12
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, Information Technology

Norte is a founder's fund created and invested by entrepreneurs

## Redpoint eventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 11
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Internet

Redpoint eventures's approach is to help entrepreneurs by offering the benefits of both local and international VCs including insight, company building, financing, and exit.

## Kaszek
- Type: VC Fund
- Location: Buenos Aires, Sao Paulo, Brazil
- Relevant deals: 10
- Stages: Series A, Series B, Seed
- Focus: Financial Services, FinTech, Software

We are tech entrepreneurs partnering with the most extraordinary founders in Latin America.

## KPTL
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 9
- Stages: Series A, Seed
- Focus: Software, Information Technology, AgTech

Quem somos e o que fazemos

## ONEVC
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 9
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, Information Technology

ONEVC is a venture capital firm, focused on seed-stage investments in Latam.

## DNA Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 9
- Stages: Seed, Series A, Series B
- Focus: Health Care, Medical, Hospital

DNA Capital is an investment partnership specializing in multi-stage investments in the healthcare sector.

## Valor Capital Group
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 9
- Stages: Series A, Series B, Seed
- Focus: FinTech, Financial Services, Information Technology

Valor is an investment firm that focuses on cross-border financial and investment opportunities. The firm operates across two investment strategies Growth Equity and Venture Capital.
It was founded in 2011 and headquartered in New York, United States.

## Vox Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Health Care, Software, Information Technology

Vox Capital is a venture capital company investing on innovative businesses delivering positive social and/or environmental impact with focus in Latin America, mainly in seed and series A.

## Scale-Up Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 8
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Information Technology

Scale-Up Ventures is a venture capital fund that invests in companies selected by Endeavor Brazil's hyper-growth acceleration programs.

## MAYA Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Information Technology

An early-stage venture firm that supports businesses generating accessibility, transformation and efficiency in Brazil and Latin America. 

## Grão
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, SaaS

A venture capital firm, backed by a family office, which invests in early stage startups in Brazil and VC funds from around the world.

## Crescera Investimentos (f/k/a Bozano Investimentos)
- Type: VC Fund
- Location: Rio De Janeiro, Rio de Janeiro, Brazil
- Relevant deals: 7
- Stages: Seed, Private Equity
- Focus: Software, Education, Information Technology

Crescera Investimentos is an alternative asset management firm created by the merger of the Bozano Group with three leading and complementary investment firms, BR Investimentos, Mercatto Gestão de Recursos and Trapezus Asset Management, resulting in a unique platform for investors, clients and partners. Structured as a partnership, CresceraInvestimentos is able to attract, retain and develop the best talents in each specialty.Our investment philosophy builds on trust and knowledge. We offer to our clients, investors and investees companies consistent and distinguished returns through diversified financial products and strategies. Founded with approximately R$ 4 billion in AUM, Bozano Investimentos aims to become the most successful alternative investment management firm in Latin America.BR Investimentos` private equity business combines industry knowledge and specialized teams in well-defined circles of competence to successfully invest in privately held Brazilian growth companies. Mercatto Gestão de Recursos has been delivering solid returns through its managed public equities and fixed income portfolios based on strictly fundamental analysis. Lastly, Trapezus Asset Management offers innovative and high alpha quantitative strategies, based on academic research and development.Crescera Investimentos also benefits from the vision of Mr. Julio Bozano - founder of the Bozano Group. Through Banco Bozano, Simonsen, the Bozano Group was recognized as one of the most important investment banking organizations in Brazil for more than 40 years with a very successful track record in long-term proprietary investments. The Group`s expertise in aligning clients` interests with outstanding performance drives the basis of Bozano Investimentos` activities.Our goal is to offer solutions that create long-standing value for our investors, the society at large and the companies we invest in and to perpetuate Bozano Group`s legacy. Crescera Investimentos has a team of over 70 executives, employees, consultants, and senior advisors, including more than 40 partners in offices in Rio de Janeiro and São Paulo.

## Latitud
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Software

Build good sh*t with Latitud

## Headline
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Information Technology

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

## Astella
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Software, SaaS

Astella is a venture investor, providing capital, culture, and capabilities to Brazilian entrepreneurs who are willing to change our country's future.

## Aimorés Investments
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Health Care, Information Technology

Aimorés Investments is investing in technology companies between the Anjo and Pré-Seed stages.

## Airborne Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, FinTech

We help companies go Airborne preparing them in advance so that they can be flying stabilized, helping them to avoid crashing after taking off.

## Indico Capital Partners
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, E-Commerce, B2B

Indico Capital Partners is the leading independent Venture Capital firm in Portugal investing in global technology companies. Indico focuses on software as a service, artificial intelligence, internet of things, fintech, cybersecurity and digital companies, targeting investments at Seed to Series A level. Founded in 2017, the team at Indico werepreviously behind the majority of the Portuguese global tech success stories, as investors and entrepreneurs.Headed by the two most senior former Caixa Capital VC Team members, supported by a successful and experienced entrepreneur and a strong group of advisors, top entrepreneurs, they raised our first fund (authorized by the Portuguese Securities Market Commission - CMVM) from a cornerstone institutional investor (EIF) and international family/multi-family offices from Europe, US, and Australia. In addition to Silicon Valley, London, and Berlin, cities like Lisbon have emerging startup ecosystems. Portugal went through a difficult macro environment years ago which led to a growth in the entrepreneurship culture and investment. We have excellent tech graduates and a global mindset.Highly innovative companies like luxury eCommerce platform Farfetch, YC graduate machine learning translation platform Unbabel or the leading student accommodation marketplace Uniplaces have a strong Portuguese DNA and went to raise international rounds in the UK and the US - we want to back the next success stories of the ecosystem.

## Confrapar
- Type: VC Fund
- Location: Rio De Janeiro, Rio de Janeiro, Brazil
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Apps, Internet, Health Care

Confrapar invests in technology companies through four Brazilian regulated (CVM) funds with a diverse range of limited partners, including family offices, pension funds, banks and development agencies from Brazil and abroad. Confrapar invests up to $20 million USD in each company. We currently have 10 companies in our portfolio and offices inSão Paulo, Rio de Janeiro and Belo Horizonte.Confrapar relies on the background and expertise of its more than 100 Market Partners in key market sectors. These relationships create unique opportunities for the portfolio companies to grow their businesses.

## Gvangels
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 5
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, SaaS

GVAngels is a network of angel investors founded by former students of Fundação Getúlio Vargas (FGV), Brasil in 2017. The GVAngels network invests in technology startups that aim to solve inefficiencies in large markets.In these 4 years of operation, investments have already been made in 40 startups and checks have averaged from R$800,000 to R$2million. We currently have more than 300 associates with a personal interest in investing in startups and adding knowledge with their expertise and experience through smart money to our investees.GVAngels has its roots in the School of Business Administration at FGV, where most of the associated angel investors graduated. For 11 consecutive years, the university has been considered the best think tank in Latin America and has been ranked among the best institutions in the world since 2004.

## SP Ventures
- Type: VC Fund
- Location: Pinheiros, Sao Paulo, Brazil
- Relevant deals: 5
- Stages: Series A, Seed
- Focus: Agriculture, AgTech, Software

Portfolio (Fundo de Inovação Paulista)Launched in 2014, Fundo de Inovação Paulista (FIP) is a R$ 105 Million Venture Capital Fund that counts with top tier Limited Partners: Desenvolve SP, FINEP, FAPESP, Sebrae-SP, CAF, and Jive Investments. FIP is focused on technology-based startups located in the state of São Paulo, the most importanteconomic pole in Brazil. Investment tickets vary from R$ 2 Million to R$ 6 Million per company, on average, but can reach R$ 15 Million including follow-ons.Track-Record (Fundo Criatec I)SP Ventures was established in 2007 as the Venture Capital firm responsible for Criatec I Fund’s investments in São Paulo. Criatec I was a cornerstone in Brazilian Venture Capital Industry led by BNDES and BNB. From 2007 to 2013, over 1,200 companies were analyzed and 8 investments were made by SP Ventures.EntrepreneursWe back technology-based companies in the segments of Agricultural Technologies; Information and Communication Technologies; Health Technologies; New Materials; and Nanotechnologies.We seek investment opportunities with the following profile:- Passionate entrepreneurs with solid technical background and market-orientated attitude- Proprietary technology with high scalability potential- Large proportions targeted-market- São Paulo based- Annual Revenue inferior to R$ 18 Million"

## Global Founders Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

## Honey Island Capital
- Type: VC Fund
- Location: Curitiba, Parana, Brazil
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, Information Technology

Venture Capital para startups de tecnologia

## Criatec 2
- Type: VC Fund
- Location: Brasil, Sao Paulo, Brazil
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, SaaS, Logistics

The Criatec 2 fund is the second fund from a series of funds sponsored by BNDES, which started in 2006 with the Criatec 1 fund. The Criatec 2 has Bozano Investments as the Nationa Manager and Triaxis Capital as Operational Advisor. The fund management structure also includes six regional managers.Criatec 2 is the largest venture capital fundcurrently in operation in Brazil, in both size and national coverage.

## Actions Capital (fka K50 Ventures)
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Software, FinTech

Actions Capital is a seasoned pre-seed venture capital firm, that works alongside founders from Day 0.

## Igah Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: Financial Services, Information Technology, FinTech

Igah Ventures is a Brazilian venture capital firm that was born from the union of forces of two successful investment platforms (e.bricks ventures and Joa Investimentos). We have a unique and complementary team of partners and an extremely qualified and experienced team.

## CapTable
- Type: VC Fund
- Location: Porto Alegre, Rio Grande do Sul, Brazil
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Software, Financial Services, AgTech

Captable is a startup investment platform that operates transactions through crowdfunding. They exist to simplify and make startup investments viable, as well as to connect the entire ecosystem, by leveraging business growth with high return potential for investors who want to contribute to the growth of startups. It makes connections at variouslevels for various agents in the innovation market with the goal of encouraging entrepreneurship through investment in startups. CapTable was founded in 2018 by Guilherme Enck and Paulo Deitos Filho.

## Kortex Ventures
- Type: VC Fund
- Location: Brazil, Saint George, Trinidad and Tobago
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Health Care, Artificial Intelligence, Medical

Kortex Ventures is a global venture capital fund that invests mainly in health tech and healthcare technology early-stage companies. It partners with outstanding entrepreneurs and innovative companies to change the future of healthcare through technology.

## SOFTBANK Latin America Ventures
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: Software, FinTech, E-Commerce

SoftBank created the $5B SoftBank Latin America Fund to partner with the companies and entrepreneurs defining the future of the region.

## Hospital Israelita Albert Einstein
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Wellness, SaaS

Hospital Israelita Albert Einstein offers treatments with cutting-edge technology and humanized care and expands its frontiers with social responsibility actions and teaching and research activities. It provides undergraduate and graduate courses, sophisticated training, and clinical and experimental research. Their digital services include virtualemergency services, primary care, digital telemedicine, telepsychology, telerehabilitation, and telespecialties.

## SRM Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Debt Financing
- Focus: Financial Services, FinTech, Credit

SRM Ventures is the corporate venture capital for SRM Asset, with emphasis on fintechs.

## CVENTURES
- Type: VC Fund
- Location: Florianópolis, Santa Catarina, Brazil
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, Information Technology, SaaS

Our mission is to develop these ventures from capital assets, networking and mentoring in reference to innovation environments in the country, such as universities, research institutes, incubators and technology parks.

## Indicator Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

Founded in 2014, Indicator Capital is a Brazilian venture capital firm operating in Sao Paulo and the Silicon Valley. The partnership formed by Derek Lundgren Bittar, Fabio Iunis de Paula, and Thomas Lundgren Bittar, promotes the convergence between the dream of the entrepreneur and the financial return for the investor, tropicalizing American bestpractices to national startups. With more than R$ 270MM under management, Indicator Capital is the largest early-stage venture capital firm in Latin America specialized in Internet of Things (IoT). In their investments, the partners apply value-adding, proprietary methodology Building Value Together®, besides acting as Investors for Good, a concept reinforced by the firm`s certification as a B System™ company.

## MatterScale Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Information Technology

Founded by a team of former Endeavor executives, Matterscale aims to bridge the seed stage funding gap for Latin founders.

## Tau Ventures
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Health Care, Software, Artificial Intelligence

Tau Ventures is an AI-first early stage venture capital fund investing in digital health, automation (cars, drones, robots) & enterprise

## Two Culture Capital
- Type: VC Fund
- Location: Dublin, Dublin, Ireland
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Information Technology

The art and science of entrepreneurship

## Fir Capital
- Type: VC Fund
- Location: Horizonte, Rio Grande do Sul, Brazil
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Health Care, SaaS, Wellness

Founded in 1999, FIR Capital is a venture capital firm that invests in nascent, emerging or growing companies that demonstrate tremendous growth potential.FIR Capital looks for innovative projects and companies. It offers financial support, strategic advisory services and support to management, and assistance in hiring key executives, inaddition to its experience in sales, marketing, innovation, controllership, exports, global expansion and strategic alliances.The partners of FIR Capital are venture capital pioneers in Brazil, having invested in BiobrÃ¡s S.A. (later sold to Novo Nordisk), Miner Technology (sold to UOL) and Akwan Technology (sold to Google).In 2007, Draper Fisher Jurvetson (DFJ), one of the worldÂ´s biggest and best venture capital firms, acquired shareholding interest in FIR Capital. DFJÂ´s worldwide network spans 4 continents and consists of 23 venture capital funds, 135 investment professionals, more than 300 investors and investments in around 550 companies, with more than US$ 5.5 billion under its management.DFJÂ´s portfolio of success stories includes Hotmail, Skype, Baidu, DivX, Mobile365, Overture, 411 and EnerNOC.

## Upload Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Series A, Series E
- Focus: Software, FinTech, Health Care

Upload Ventures is a hands-on venture capital firm focused on investments in Latin America.

## Positive Ventures
- Type: VC Fund
- Location: Brasil, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Artificial Intelligence, Software

investimos nas tecnologias do futuro para resolver os maiores desafios da sociedade e planeta no presente.

## Endeavor
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Software, Information Technology, Financial Services

About EndeavorEndeavor is the world’s leading community of high-impact entrepreneurs. Today, Endeavor’s network spans nearly 40 countries and supports more than 2,000 entrepreneurs, whose companies generate combined revenues of over $28 billion US, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion US in capital.Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream big, scale up, and pay it forward to the next generation of entrepreneurs. About Endeavor CatalystEndeavor Catalyst is the rules-based, co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Launched in 2012, Endeavor Catalyst has ~$250M+ AUM across three funds and has made 200+ investments to date in 32+ different markets. Today The Endeavor Catalyst portfolio has 37 companies valued at $1B+, including 29 unicorns. Investments include Globant (NYSE:GLOB), Rappi, and Creditas  in Latin America; Yemeksepeti.com and Careem in MENA; and Bukalapak and Carro in Indonesia.

## Atlantico
- Type: VC Fund
- Location: Brazil, Saint George, Trinidad and Tobago
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: SaaS, FinTech, Financial Services

Latin America Digital Report

## Wind Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Health Care

Wind Capital is a venture capital firm that offers support and funding to European innovators.

## E3 Negócios
- Type: VC Fund
- Location: Curitiba, Parana, Brazil
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, FinTech, Finance

E3 has solutions for creating projects that resonate, transform, and influence markets and people. Our focus is on companies in operation or in pre-operational phases operating in the segments: agriculture, health, cybersecurity, finance, logistics, smart cities, internet of things, e-commerce, education, well-being, and corporate technology.

## Gávea Angels
- Type: VC Fund
- Location: Rio De Janeiro, Rio de Janeiro, Brazil
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, FinTech

Gávea Angels is a leading angel investors-led group that makes equity investments in the $50-500K range in emerging growth ventures in the Rio de Janeiro area, and syndicated investments in other parts of Brazil and Latin America.
