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Carao Ventures

Venture capital

San José · Pre-Seed–Series A · 11 people tracked

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Investment thesis

Carao Ventures invests in early-stage startups across Spanish-speaking Latin America, with particular interest in Central America, the Dominican Republic, Colombia, Ecuador, and Peru. The firm believes the region's industries are largely uncompetitive and underserved by smart early-stage venture funding, creating broad opportunities for value creation. It backs founders with technical skills and grit across essentially any industry, excluding sectors such as weapons, alcohol, tobacco, and gambling. Carao typically funds companies at Pre-Seed, Seed, and Pre-Series A stages, with flexibility for US-based companies run by Latin American founders whose operations are meaningfully rooted in the firm's target geography.

Invests inSector AgnosticBrazilColombiaCosta RicaEl SalvadorGuatemalaHondurasLatin AmericaMexicoNicaraguaPanamaSan José

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
San José, CA, CR
Instruments
Equity
Tracked investments
35

Team · 11 people

from the firm's website & public directories
Mario Peña· Associatein𝕏

What they invest in

from 7 of 35 portfolio companies

Fintech ×4Enterprise Software ×3SaaS ×3AI & Machine Learning ×2E-commerce ×1Logistics & Supply Chain ×1Marketplaces ×1Sales Tech ×1

HQs:Mexico×2Argentina×1Chile×1Spain×1United States×1

Investments · 35 tracked

founders shown can be your intro path
Augmentalaugmental.techin𝕏
Aviva Créditoavivacredito.comin

Aviva is a financial institution in Mexico that provides personal loans to individuals and small business owners through video calls conducted at kiosks, with a focus on straightforward lending without extensive paperwork.

FintechMexico, MX

Bellellieducacionbellellieducacion.com
Bildtekbildtek.comin
clicOHclicoh.comin𝕏

ClicOH provides fulfillment, warehousing, and last-mile delivery services for e-commerce businesses across Latin America.

E-commerceEnterprise SoftwareLogistics & Supply ChainBuenos Aires, AR

Agustin Novillo Saravia(Founder)inJuan Martin Altamirano(Founder)inEmiliano Segura(Founder)in

Crabicrabi.comin
Escalaescala.comin

Escala is a CRM platform that centralizes and automates sales processes using AI, helping businesses increase sales velocity and optimize their commercial operations.

AI & Machine LearningSaaSSales Tech

Fibrazofibrazo.comin
Finanexfinanex.io
Floidfloid.aiin
Goboxfulgoboxful.com
Gobravengobraven.comin
GrupoR5grupor5.comin𝕏
Hulihuli.io
Leafgrowleafgrow.ioin𝕏
Lenkgetlenk.comin𝕏

Lenk provides a white-label platform that automates financial origination processes including onboarding, lending, and leasing for financial institutions.

Enterprise SoftwareFintechSaaSSantiago, CL

Guido Galanter(Founder)inTomás Gropper(Founder)inNicolás Piqueras(Founder)in

Levitalevita.comin𝕏
Loopaloopa.finance

Grand Cayman

Guilherme Soares de Mello(Executive Officer, Director)Manuel Rodrigues Tavares de Almeida Neto(Executive Officer, Director)

Mirlomirlo.mx
Mymoonsmymoons.coin
Nayahomesnayahomes.coin𝕏

Naya Homes by Casago operates a curated portfolio of vacation rental properties and luxury beachfront accommodations across Mexico's Pacific coast destinations, including Puerto Vallarta and the Riviera Nayarit.

MarketplacesTravel & HospitalityPuerto Vallarta, MX

Nullplatformnullplatform.com
Obralinkobralink.comin
Onestonest.do
Rewardswebrewardsweb.comin
Rexirexi.financein
Safsaf.money

saf. provides cross-border payment infrastructure for companies operating in Central America, enabling money transfers across the region via an API that uses digital assets and local banking rails.

Fintech<UNKNOWN>

Singularitiessingularities.com
Speratumsperatum.comin𝕏
Strikestrike.shin
Tesoriotesorio.comin𝕏

Tesorio provides a Connected Financial Operations platform that automates accounts receivable workflows including collections, cash application, forecasting, and payment management for finance teams at growing companies.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Carlos Vega(Founder/CEO)inFabio Fleitas(Founder)in

Thrivecarethrivecare.co
Vor Texvor-tex.io
Wekallwekall.coin

Frequently asked questions

What stage does Carao Ventures invest at?
Carao Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Carao Ventures focus on?
Carao Ventures focuses on Sector Agnostic.
Where is Carao Ventures located?
Carao Ventures is headquartered in San José, CR.

Co-investors · 19

Kaszek Ventures

Kaszek is a venture capital firm investing across Latin America, with local presence in Buenos Aires, Mexico City, Montevideo and São Paulo.

Both backed · 2
clicOHCrabi
Madrona Venture Group

Madrona Venture Group is an early-stage venture capital firm that backs founding teams at seed, early, and acceleration stages, primarily in Seattle, the Bay Area, and beyond.

Both backed · 1
$2M – $10M
Flybridge Capital Partners

Flybridge Capital Partners is an early-stage venture firm backing founders building AI-driven companies, from AI infrastructure and agentic business applications to entirely AI-native products.

Both backed · 1
$250K – $10M
Mango Capital

Mango Capital is an early-stage venture firm investing in enterprise software founders at inception, before product-market fit, with a focus on agent infrastructure and intelligent applications.

Both backed · 1
$1M – $1.5M
Clocktower Ventures

Clocktower Ventures is the fintech-focused venture practice of Clocktower Group, backing technology companies transforming financial services across consumer and enterprise. It is based in Santa Monica, California.

Both backed · 1
$100K – $20M
BBG Ventures

BBG Ventures is a venture firm that invests at the edges of the innovation spectrum, backing companies built on deep technology leverage as well as those addressing fundamental human needs.

Both backed · 1
$500K – $1M
Alumni Ventures

Alumni Ventures (AV) is a venture firm that gives accredited individual investors access to professionally managed, diversified venture portfolios by co-investing alongside leading lead VC firms. It offers annual funds, syndicate deal-by-deal investing, and various investor clubs.

$100K – $10M
Great Oaks Venture Capital

Great Oaks Venture Capital is a New York-based early-stage investor that partners with founders at the earliest stages of company building across the United States.

$50K – $500K
SOSV

SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.

$30K – $550K
Susa Ventures

Susa Ventures operates two early-stage technology funds that invest in companies leveraging data, network effects, and economies of scale.

$1M – $5M
500 Startups

500 Global (formerly 500 Startups) is a venture capital firm that invests in startups worldwide and runs programs for founders and investors.

$10K – $250K
23andMe

23andMe Research Institute is a genetic research organization that unites a community of 11 million members to advance health discoveries and deepen understanding of human DNA through collaborative research. The institute operates a cycle where members contribute genetic data that fuels research, which produces insights and breakthroughs that flow back to members and society.

7 more co-investors

Structure CapitalFinTech CollectivePreface VenturesTNT VenturesDERIVE VENTURESK50 VenturesInnogen Capital Ventures

Firms observed investing alongside Carao Ventures, from public investor directories. Shared companies are the overlap with Carao Ventures's recorded portfolio.

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