Carao Ventures

Founded in San José, Costa Rica in 2012, Carao Ventures is a pioneering venture capital firm focused on early-stage investments in Central America and other small- to medium-sized countries in Latin America. It invests in promising startups across various industries such as software, biotech, healthtech, fintech, AI, and construction tech. Carao's distinctive model combines best practices from VC firms, venture-building, and startup accelerators, offering a unique value proposition for both startups and investors interested in frontier markets.

Allan Boruchowicz

Managing Partner

Mario Peña

Associate

Past deals in Latin America

Aviva

Seed Round in 2024
Aviva is developing an AI-driven digital bank focused on serving underbanked communities in Latin America. Initially targeting Mexico's unsecured credit market, Aviva offers inclusive financial services through innovative physical onboarding kiosks and novel AI-based risk models.

Wekall

Venture Round in 2024
Wekall is a cloud-based contact center software company that focuses on enhancing customer service and sales efficiency for businesses in Latin America. The platform enables companies to communicate effectively through real-time voice interactions, eschewing the limitations of chatbots and voicebots. Wekall provides telephone numbers in Colombia and globally, allowing for seamless connectivity and productivity through mobile or PC access. With integration capabilities to popular customer relationship management systems and productivity applications, Wekall offers an affordable solution accessible to small, medium, and large enterprises. Their service is competitively priced, making it suitable for a wide range of businesses aiming to optimize user service and boost sales.

boxful

Pre Seed Round in 2024
Boxful provides ultra-fast fulfillment, shipping management, and a network of smart lockers to enable same-day or next-day deliveries for e-commerce brands and online sellers in Latin America.

Huli

Seed Round in 2023
Huli is a healthcare technology company focused on enhancing the management of patient records and healthcare services. It offers a platform that integrates an online calendar with automatic reminders, enabling the seamless collection and communication of patient information, contacts, and medical insurance details. By streamlining appointment scheduling and other healthcare services, Huli aims to boost patient volume and satisfaction for healthcare providers while ensuring that patients can access medical services characterized by transparency and affordability. The company is dedicated to connecting the Latin American health ecosystem in a secure and efficient manner, ultimately improving the overall quality of care.

Levita Magnetics

Series C in 2022
Levita Magnetics SpA, established in January 2012 by Alberto Rodriguez-Navarro, is a medical device company based in Chile that focuses on advancing surgical techniques through its innovative magnetic surgical platform, Magnetic Surgery®. The company aims to enhance patient outcomes by promoting less invasive surgical procedures across various medical indications. Levita Magnetics has developed a unique magnetic surgical system that facilitates single and reduced port operations by utilizing non-traumatic, shaftless magnetic retraction. This approach eliminates the need for traditional trocars and shafted instruments, which can clutter the surgical field during procedures such as laparoscopic cholecystectomy. By minimizing surgical trauma and improving cosmetic results, Levita Magnetics is contributing to the evolution of modern surgery.

Naya Homes

Seed Round in 2022
Naya Homes is a property management and hospitality platform focused on enhancing the short-term and vacation rental experience for homeowners in Latin America. The company assists clients in maximizing revenue and alleviating the challenges associated with operating rental properties. Naya Homes provides a range of services including revenue optimization through data-driven insights, multi-channel listing and marketing to increase visibility, financing for furniture and equipment, and interior design solutions. Additionally, the company prioritizes guest satisfaction, ensuring that visitors enjoy a comfortable stay. By offering these comprehensive services, Naya Homes empowers homeowners and real estate developers to improve their financial returns while simplifying property management.

R5

Seed Round in 2022
R5 is a company based in Colombia that simplifies vehicle ownership by providing an online insurance and lending platform. It enables low-income customers to use their cars and motorcycles as collateral to secure financing. The platform facilitates access to funds for refinancing expensive debt or investing in businesses, offering a digital process for purchasing compulsory vehicle insurance with affordable policies. Through its services, R5 allows customers to leverage their vehicles to obtain credit at lower rates, making financial opportunities more accessible.

Wekall

Seed Round in 2021
Wekall is a cloud-based contact center software company that focuses on enhancing customer service and sales efficiency for businesses in Latin America. The platform enables companies to communicate effectively through real-time voice interactions, eschewing the limitations of chatbots and voicebots. Wekall provides telephone numbers in Colombia and globally, allowing for seamless connectivity and productivity through mobile or PC access. With integration capabilities to popular customer relationship management systems and productivity applications, Wekall offers an affordable solution accessible to small, medium, and large enterprises. Their service is competitively priced, making it suitable for a wide range of businesses aiming to optimize user service and boost sales.

MegaBite Food

Pre Seed Round in 2021
MegaBite is a multibrand cloud kitchen restaurant that specializes in offering premium gastronomic brands at midrange prices targeted at the middle class in Latin America. The company operates exclusively through digital channels, utilizing integrated kitchen software and hardware to facilitate efficient order processing. MegaBite runs its operations from rented dark kitchens, which allows for a modular growth model that enhances scalability. This innovative approach enables the opening of new kitchens with significantly lower capital expenditure and much faster timelines compared to traditional restaurants. Operating in Mexico and Peru, MegaBite has achieved impressive growth, averaging 30% month-over-month since its inception. The platform provides customers with access to a variety of virtual restaurant brands, enhancing their culinary choices while ensuring a seamless online ordering and delivery experience.

Huli

Convertible Note in 2019
Huli is a healthcare technology company focused on enhancing the management of patient records and healthcare services. It offers a platform that integrates an online calendar with automatic reminders, enabling the seamless collection and communication of patient information, contacts, and medical insurance details. By streamlining appointment scheduling and other healthcare services, Huli aims to boost patient volume and satisfaction for healthcare providers while ensuring that patients can access medical services characterized by transparency and affordability. The company is dedicated to connecting the Latin American health ecosystem in a secure and efficient manner, ultimately improving the overall quality of care.

HuliHealth

Convertible Note in 2019
HuliHealth is an online medical appointments service in Costa Rica. It enables users to find doctors based on the location, treatment type, ailment, and more. HuliHealth also facilitates finding, selecting, and booking medical procedures and health services abroad. It was founded in March 2011 by Alejandro Vega.

GoPato

Seed Round in 2017
GoPato Inc. is a Costa Rican company that operates an on-demand platform designed to connect users with assistants and messengers for various errand and delivery needs. Founded in 2015 and based in Cartago, GoPato offers personalized delivery services for everyday tasks, including food and grocery orders, retail shopping, and other errands that require physical logistics. The platform leverages drone technology to facilitate hyperlocal food delivery, aiming for delivery times under 30 minutes. GoPato has received authorization to begin commercial operations in urban areas, particularly in San José, through a partnership with McDonald's. The company has gained recognition for its innovative approach and was awarded by Forbes Central America as one of the region's promising businesses.

Slidebean

Seed Round in 2016
Slidebean, Inc., founded in 2014, operates a web-based platform designed to simplify the process of creating presentations, particularly for startups seeking funding. Based in New York with an additional office in San Jose, Costa Rica, Slidebean offers tools that include pre-filled decks, templates, and fonts, along with AI-driven pitch deck building services. The company's platform has evolved to provide financial modeling, pitch deck design services, and extensive educational resources to help entrepreneurs navigate the fundraising process effectively.

BildTEK

Venture Round in 2016
BildTEK designs, manufactures, and constructs cold-formed steel structures for residential and commercial projects. Based in San José, Costa Rica, the company integrates design and fabrication through building information modeling and computer-assisted production, producing galvanized steel profiles for roofs, walls, floors, and stairs. Employing an industrialized construction approach and a controlled manufacturing process, BildTEK aims to improve productivity and quality while reducing environmental impact, offering engineered steel systems and integrated construction services to streamline the design-to-build workflow.

Slidebean

Seed Round in 2016
Slidebean, Inc., founded in 2014, operates a web-based platform designed to simplify the process of creating presentations, particularly for startups seeking funding. Based in New York with an additional office in San Jose, Costa Rica, Slidebean offers tools that include pre-filled decks, templates, and fonts, along with AI-driven pitch deck building services. The company's platform has evolved to provide financial modeling, pitch deck design services, and extensive educational resources to help entrepreneurs navigate the fundraising process effectively.

GoPato

Seed Round in 2016
GoPato Inc. is a Costa Rican company that operates an on-demand platform designed to connect users with assistants and messengers for various errand and delivery needs. Founded in 2015 and based in Cartago, GoPato offers personalized delivery services for everyday tasks, including food and grocery orders, retail shopping, and other errands that require physical logistics. The platform leverages drone technology to facilitate hyperlocal food delivery, aiming for delivery times under 30 minutes. GoPato has received authorization to begin commercial operations in urban areas, particularly in San José, through a partnership with McDonald's. The company has gained recognition for its innovative approach and was awarded by Forbes Central America as one of the region's promising businesses.

BildTEK

Series A in 2015
BildTEK designs, manufactures, and constructs cold-formed steel structures for residential and commercial projects. Based in San José, Costa Rica, the company integrates design and fabrication through building information modeling and computer-assisted production, producing galvanized steel profiles for roofs, walls, floors, and stairs. Employing an industrialized construction approach and a controlled manufacturing process, BildTEK aims to improve productivity and quality while reducing environmental impact, offering engineered steel systems and integrated construction services to streamline the design-to-build workflow.

Junar

Series B in 2015
Junar, Inc. is a provider of a cloud-based open data platform that facilitates the accessibility and management of data for organizations globally. Founded in 2006 and headquartered in Palo Alto, California, with additional offices in Dallas, Silicon Valley, Latin America, and Israel, Junar's platform allows businesses, governments, NGOs, and research institutions to transform complex data into engaging tables, charts, maps, and dashboards. This solution enhances stakeholder engagement, tracks data usage, and measures impact, thereby driving new opportunities and promoting transparency. Furthermore, Junar offers an API toolbox for developers, enabling the creation of innovative applications that showcase data in unique ways. The company is recognized for empowering organizations to leverage their data effectively, contributing to the broader Data Economy.

Slidebean

Convertible Note in 2015
Slidebean, Inc., founded in 2014, operates a web-based platform designed to simplify the process of creating presentations, particularly for startups seeking funding. Based in New York with an additional office in San Jose, Costa Rica, Slidebean offers tools that include pre-filled decks, templates, and fonts, along with AI-driven pitch deck building services. The company's platform has evolved to provide financial modeling, pitch deck design services, and extensive educational resources to help entrepreneurs navigate the fundraising process effectively.

BildTEK

Convertible Note in 2014
BildTEK designs, manufactures, and constructs cold-formed steel structures for residential and commercial projects. Based in San José, Costa Rica, the company integrates design and fabrication through building information modeling and computer-assisted production, producing galvanized steel profiles for roofs, walls, floors, and stairs. Employing an industrialized construction approach and a controlled manufacturing process, BildTEK aims to improve productivity and quality while reducing environmental impact, offering engineered steel systems and integrated construction services to streamline the design-to-build workflow.

BildTEK

Seed Round in 2013
BildTEK designs, manufactures, and constructs cold-formed steel structures for residential and commercial projects. Based in San José, Costa Rica, the company integrates design and fabrication through building information modeling and computer-assisted production, producing galvanized steel profiles for roofs, walls, floors, and stairs. Employing an industrialized construction approach and a controlled manufacturing process, BildTEK aims to improve productivity and quality while reducing environmental impact, offering engineered steel systems and integrated construction services to streamline the design-to-build workflow.

Slidebean

Seed Round in 2013
Slidebean, Inc., founded in 2014, operates a web-based platform designed to simplify the process of creating presentations, particularly for startups seeking funding. Based in New York with an additional office in San Jose, Costa Rica, Slidebean offers tools that include pre-filled decks, templates, and fonts, along with AI-driven pitch deck building services. The company's platform has evolved to provide financial modeling, pitch deck design services, and extensive educational resources to help entrepreneurs navigate the fundraising process effectively.

Aviva

Aviva is developing an AI-driven digital bank focused on serving underbanked communities in Latin America. Initially targeting Mexico's unsecured credit market, Aviva offers inclusive financial services through innovative physical onboarding kiosks and novel AI-based risk models.

Huli

Huli is a healthcare technology company focused on enhancing the management of patient records and healthcare services. It offers a platform that integrates an online calendar with automatic reminders, enabling the seamless collection and communication of patient information, contacts, and medical insurance details. By streamlining appointment scheduling and other healthcare services, Huli aims to boost patient volume and satisfaction for healthcare providers while ensuring that patients can access medical services characterized by transparency and affordability. The company is dedicated to connecting the Latin American health ecosystem in a secure and efficient manner, ultimately improving the overall quality of care.

MegaBite Food

MegaBite is a multibrand cloud kitchen restaurant that specializes in offering premium gastronomic brands at midrange prices targeted at the middle class in Latin America. The company operates exclusively through digital channels, utilizing integrated kitchen software and hardware to facilitate efficient order processing. MegaBite runs its operations from rented dark kitchens, which allows for a modular growth model that enhances scalability. This innovative approach enables the opening of new kitchens with significantly lower capital expenditure and much faster timelines compared to traditional restaurants. Operating in Mexico and Peru, MegaBite has achieved impressive growth, averaging 30% month-over-month since its inception. The platform provides customers with access to a variety of virtual restaurant brands, enhancing their culinary choices while ensuring a seamless online ordering and delivery experience.

Clicoh

Clicoh is a startup born in Cordoba, Argentina in 2018 that provides fulfillment and logistics solutions through innovation and technology for digital companies in Latam.

MegaBite Food

MegaBite is a multibrand cloud kitchen restaurant that specializes in offering premium gastronomic brands at midrange prices targeted at the middle class in Latin America. The company operates exclusively through digital channels, utilizing integrated kitchen software and hardware to facilitate efficient order processing. MegaBite runs its operations from rented dark kitchens, which allows for a modular growth model that enhances scalability. This innovative approach enables the opening of new kitchens with significantly lower capital expenditure and much faster timelines compared to traditional restaurants. Operating in Mexico and Peru, MegaBite has achieved impressive growth, averaging 30% month-over-month since its inception. The platform provides customers with access to a variety of virtual restaurant brands, enhancing their culinary choices while ensuring a seamless online ordering and delivery experience.

BildTEK

BildTEK designs, manufactures, and constructs cold-formed steel structures for residential and commercial projects. Based in San José, Costa Rica, the company integrates design and fabrication through building information modeling and computer-assisted production, producing galvanized steel profiles for roofs, walls, floors, and stairs. Employing an industrialized construction approach and a controlled manufacturing process, BildTEK aims to improve productivity and quality while reducing environmental impact, offering engineered steel systems and integrated construction services to streamline the design-to-build workflow.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.