What stage does Caravela Capital invest at?

Caravela Capital invests at the Pre-Seed, Seed stages.

What is Caravela Capital's typical check size?

Caravela Capital typically writes checks of $100K – $5M.

Does Caravela Capital lead rounds?

Yes, Caravela Capital leads investment rounds.

Caravela Capital

Venture capital

Pre-Seed–Seed · 9 people tracked

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Find your way into Caravela Capital

2,035 people in our graph share verified history with the Caravela Capital team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Mario DeLara · together at Stanford University (overlapped)

knows the team · via YPO

×4knows the team · via Harvard University

knows the team · via Stanford University

knows the team · via Endeavor

knows the team · via Harvard Business School

✨ Fox Verdict

Investment thesis

Caravela Capital is a Brazil-based investment firm whose portfolio includes Brazilian and Latin American technology startups in areas such as fintech, proptech, and health, alongside co-investors like Canary, Monashees, Quona Capital, and Valor Capital. Its site primarily lists portfolio companies, founders, and co-investors rather than detailing its investment strategy.

Invests inBrazil

Stage

Pre-Seed–Seed

Check

$100K – $5M

Leads rounds

Leads

Instruments

Equity

Founded

2019

Tracked investments

Team · 9 people

from public directories

Brunna Zogbi· Partner· Sao Paulo, Brazilin

Brunna Zogbi is a Partner and Portfolio Manager at Caravela Capital. She has nine years of experience in venture capital and entrepreneurship, having previously worked at Vox Capital, Brazil's first impact investing firm, and at Endeavor, a global organization supporting high-impact entrepreneurs. At Caravela Capital, she focuses on backing entrepreneurs and supporting early-stage companies.

Lucas Dzierwa de Lima· Managing Partner· Brazilin 𝕏

Mario DeLara· Managing Partner· Brazilin

Fred Guesser· Investor· Brazilin 𝕏

Hendel Favarin· Investor· Brazilin

Hendel Favarin is co-founder of Escola Conquer, a business school in Brazil, and co-founder of Traktion Club. A law graduate, he began his entrepreneurial career in 2014 while still in university, launching the Almoça application, and founded Conquer in 2016 to address gaps in business education; the organization later merged with Wiser Educação in 2021. He currently leads Conquer's commercial operations and serves as an investor with Caravela Capital venture fund.

Jeferson Rodrigo da Silva· Brazilin

Jeferson Rodrigo da Silva is Diretor Comercial at Trio, a financial services group offering payment infrastructure, cash management, structured credit, and investment solutions to companies of various sizes. He is also a co-founder of HeroSpark, a Brazilian infoproducts platform, and holds a mentor and partner role at Caravela Capital, where he supports early-stage founders and startups.

Josef Rubin· Investor· Sao Paulo, Brazilin 𝕏

Josef Rubin is co-founder and CEO of Conquer, a business school operating in Brazil. He has held marketing and finance roles at multinational companies including Kraft Foods, Falconi Consultoria, and Grupo Boticário, and spent three years overseeing operations in Colombia. He founded Conquer in 2016 alongside two partners and currently manages the organization alongside roles as CMO at Wiser Educação, investor at Caravela Capital, and mentor at Traction Club; he holds an MBA from Harvard Business School's Owners/Presidents Management Program and was recognized as Entrepreneur of the Year by EY in 2020.

Rafael Matoso· Analyst· Brazilin

Rafael Matoso is a Senior Investment Associate at Caravela Capital, a venture capital firm, where he has worked for over four years evaluating and executing investment opportunities across multiple sectors and regions. He holds a civil engineering degree from Universidade Tecnológica Federal do Paraná and has supported due diligence and monitoring activities for portfolio companies, with particular focus on the logistics and healthcare sectors.

Rodrigo Basil Andersen· Investor· Brazilin

What they invest in

from 1 of 1 portfolio companies

B2B Marketplaces ×1E-commerce ×1Retail Tech ×1

HQs:Brazil×1

Investments · 1 tracked

founders shown can be your intro path

ZAXzaxapp.com.br inOct 2021 · $6M

ZAX is a mobile app-based B2B marketplace connecting fashion retailers with over 1,000 wholesale clothing suppliers from São Paulo districts such as Brás and Bom Retiro.

B2B MarketplacesE-commerceRetail Tech

Co-investorsAllievo Capital Canary Flucas Ventures Norte Ventures Atlantico FJ Labs

Frequently asked questions

What stage does Caravela Capital invest at?: Caravela Capital invests at the Pre-Seed, Seed stages.
What is Caravela Capital's typical check size?: Caravela Capital typically writes checks of $100K – $5M.
Does Caravela Capital lead rounds?: Yes, Caravela Capital leads investment rounds.

Co-investors · 13

Headline

Headline is a global venture capital firm investing in early- and growth-stage founders, with teams on the ground across multiple continents.

$661K – $103M

QED Investors

QED Investors is a venture capital firm focused on financial services, founded by former Capital One executives to back founders bringing transparency and fairness to fintech.

$30K – $25M

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.

$100K – $20M

Quona Capital

Quona Capital is a venture capital firm that invests in fintech companies expanding financial access in emerging markets across Latin America, India, Southeast Asia, and EMEA.

$5M

Valor Capital Group

Valor Capital Group is a cross-border venture fund connecting the US, Latin American, and global technology markets, investing in consumer internet and enterprise software companies.

$100K – $5M

Newtopia VC

Newtopia VC is a Latin American venture capital firm backing early-stage startups from idea to product-market fit, supported by regional entrepreneurs, angels, and founders of the region's unicorns.

$100K – $1M

Wollef Ventures

Wollef is a venture capital firm active in Latin America, known for partnering closely with founders and providing operational support and network access.

DGF

DGF is a venture capital firm focused on investing in software companies, partnering with entrepreneurs building potential market leaders.

big_bets

Big Bets is an early-stage investor that partners with founders of software-intensive startups from day one, working closely alongside entrepreneurs to help build large next-generation technology companies.

$300K – $2M

Great North Ventures

Great North Ventures is an early-stage venture capital firm that invests in capital-efficient technology startups, with a focus on Vertical AI and Embedded Finance.

Honey Island Capital

Honey Island Capital is an investment firm specializing in fintech and financial innovation in Latin America, backing early-stage startups and also investing in digital assets. Founded in 2015 by the partners behind EBANX, it has built a portfolio of more than 25 startups.

$200K – $1M

Verve Capital

Verve Capital is a seed-stage investment firm.

$20K – $5M

▶1 more co-investors

Invest Tech

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

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