Caravela Capital — Full Portfolio

Alex Sandoval(Founder)Nicolas Hernan Degiorgis(Founder)

Co-investorsARARTFO Holdings LLCBDBDev VenturesSPSpero VenturesVOVoyager Partners

Amora offers a service to speed up the "repasse" process (transfer of financing from developer to bank) in Brazilian real estate, shortening the time between a property's occupancy permit (habite-se) and completed transfer.

FintechPropTech

Co-investorsLALatitud Ventures

Anthor operates a mobile app that connects retailers needing temporary workers with qualified people to cover demand peaks, handling tasks like shelf stocking, checkout support, distribution-center and warehouse organization, e-commerce/delivery picking, and store price comparison.

Future of WorkMarketplacesRetail Tech

BlissHub provides technology and hands-on support for health insurance brokers in Brazil, handling quotations, proposal tracking, commission payouts, and access to insurance carriers.

Digital HealthInsurTechSaaS

Co-investorsCLClocktower Ventures

Caju offers a single platform for Brazilian companies to manage employee benefits (including CLT, PAT and flexible benefits), corporate expenses via a card and app, and HR/people processes.

FintechHR TechSaaSNorfolk, US

EDEduardo del Giglio(Founder)inGiglio(Founder)RMRenan Mendes(Co-Founder & CTO)inEBEduardo Braz del Giglio(Director)inChristian Grant(Director)Lucas Boiteux Amoroso Lima(Director)

Co-investorsCLClocktower VenturesFJFJ LabsONOnevc Venture Partners LlcPIPICUS CAPITALVAValor Capital GroupCACanary+2 more

Casai was a Mexico City-founded proptech startup that leased upscale apartments across Latin America and operated them as tech-enabled, hotel-style short-term rentals with keyless entry and smart-home features.

Maricarmen Herrerías(Founder)Nico Barawid(Founder)

Co-investorsKAKaszek VenturesKNKnockout CapitalANAndreessen HorowitzGLGlobal Founders CapitalTRTriplePoint Capital

CashU provides a machine-learning-based predictive credit model with over 1,500 variables to set customized credit limits, terms, and rates for merchants' customers, aiming to increase conversion and repeat purchases.

AI & Machine LearningFintech

TSThiago Saldanha(Founder)in

Co-investorsABABSeed VenturesCACapitânia InvestimentosCRCredit Saison

Contabilizei offers automated bookkeeping and accounting services in Brazil.

Grand Cayman

Fabio Caetano Andrade Bacarin(Director)VTVitor Torres(Founder)inFabio Bacarin(Founder)

BoardPSPedro Sirotsky Melzer(Director)inHKHernan Kazah(Director)in

Co-investorsBEBeta VenturesCUCuritiba AngelsKAKaszek VenturesPRPruVen Capital PartnersQUQuona CapitalSOSoftbank Latin America Fund+6 more

CredAluga provides digital rental guarantee products (fiança locatícia) for real estate agencies and tenants in Brazil, offering modular options such as monthly-fee guarantees with coverage up to 35x rent, cashback plans, and deposit-based plans invested in fixed income.

FintechInsurTechPropTechBelo Horizonte, BR

Co-investorsFJFJ LabsHOHoney Island CapitalNONorte VenturesPRProvence Partners

Destaxa provides payment transaction routing technology that lets businesses parametrize transactions and route them across acquirers to find the most favorable rates.

FintechSaaS

Co-investorsASAstellaCLClocktower VenturesNONorte VenturesQUQuona Capital

EmCasa is an online real estate marketplace for buying and selling residential properties such as houses, luxury apartments, and penthouses.

FintechMarketplacesPropTechGrand Cayman, BR

Lucas Messias Cardozo(Chief Operating Officer of the Issuer)Gustavo Chaves Vaz(President and Chief Executive Officer of the Issuer)MSMarcelo Santos Andrade Lima(Director)inGustavo Vaz(Founder)Lucas Cardozo(Founder)

Co-investorsDODorm RoomGRGrupo Globo - Mídia e ConteúdoMAMAYA Capital VenturesMOMONASHEESONOnevc Venture Partners LlcPEPear VC+4 more

Franq operates a digital platform and marketplace for independent bankers ("Personal Bankers") in Brazil, giving them a personalized digital storefront, credit simulators, and AI tools to offer over 150 financial products from more than 50 partner institutions to their own client base.

FintechMarketplacesSaaS

DFDaniel Ferretti(Founder)inFGFelipe Giroleti(Founder)inGustavo Hartmann(Founder)Paulo Silva(Founder)

Co-investorsFJFJ LabsGRGrupo Globo - Mídia e ConteúdoQUQuona CapitalVAValor Capital GroupGLGlobo Ventures

Gedanken operates a Brazilian supplier management platform for registering, vetting, and monitoring suppliers, with automated risk classification, credit analysis, and ESG/sustainability assessment across the supply chain.

Enterprise SoftwareSaaS

Co-investorsCICitrino Ventures

Hubii offers a platform for trade and retail execution that connects existing networks of distributors, retailers, and brands into a coordinated system.

Logistics & Supply ChainRetail TechSaaS

Felipe Baulé(Founder)inFLFelipe Latif Mechailech(Founder)in

Co-investorsVEVerve Capital

IKKB provides global business banking with accounts, corporate cards, foreign exchange, payments, and treasury management on a single platform.

Enterprise SoftwareFintechSaaS

Intelia offers conversational intelligence software that uses AI, automation and data analysis to improve customer service and sales, sales and post-sales operations.

AI & Machine LearningSaaSSales TechFlorianópolis, BR

Delivery app that lets users order from restaurants, pharmacies and shops with delivery within an hour.

Co-investorsCUCuritiba Angels

Kyte is a point-of-sale system designed for small businesses to manage sales across multiple channels including physical stores and online platforms.

E-commerceRetail TechSaaSSão Paulo, BR

GGGuilherme Galesi Hernandez(Founder)in

Co-investorsDNDN CapitalHOHoney Island CapitalPAPark West Asset ManagementSTSterling RoadUNUnpopular Ventures

Co-investorsALAlexia VenturesINInvest TechRIRiverwood CapitalENEndeavor CatalystIGIgah Ventures

Mercado Diferente is an online organic grocery subscription service that delivers customizable baskets of certified organic fruits, vegetables, and other food items to homes on a weekly or biweekly basis.

Circular EconomyE-commerceFoodTechSão Paulo, BR

Walter Rodrigues(Founder)Eduardo Petrelli(Founder)Paulo Monçores(Founder)Saulo Marti(Founder)

Co-investorsMAMAYA Capital VenturesCOCollaborative FundLALatitud Ventures

Mottu is a motorcycle rental service that allows users to rent motorbikes for short-term urban mobility.

B2B MarketplacesLogistics & Supply ChainMarketplacesMobility & Transportation

Caetano Minuzzo(Founder)Rubens Zanelatto(Founder)

Co-investorsALAllievo CapitalFJFJ LabsLILinkinFirmPRPractical Venture CapitalQEQED InvestorsBIBicycle+1 more

Nex provides fully furnished private offices, fixed workstations, meeting rooms, and day-pass subscriptions with complete infrastructure and daily on-site support for companies and their teams.

Future of WorkPropTech

Nexos provides corporate accounts, cards, foreign exchange, payments, and treasury services for businesses operating internationally.

Fintech

Co-investorsLALatitud VenturesCRCreandumEVEvantic CapitalINIndex Ventures

nocnoc is a cross-border ecommerce platform that lets international brands sell on major Latin American marketplaces such as Mercado Libre, Amazon, Walmart, Coppel, Magalu, and Falabella through a single integration.

E-commerceLogistics & Supply ChainMarketplaces

Ocean Drop is a Brazilian brand that develops and sells natural, plant-based dietary supplements — including vegan omega-3 from microalgae, spirulina, magnesium, psyllium, astaxanthin, melatonin, and B-complex — free of lactose and animal ingredients.

Direct to ConsumerE-commerceWellness & Fitness

OneCarNow (OCN) offers a car subscription service that lets customers get a new car for the medium or long term through a fully digital experience, bundling everything except gasoline.

CleantechConsumerMarketplacesMobility & Transportation

Co-investorsBLBlustone CapitalCOCollide CapitalDEDeepwater Asset ManagementGRGreat North VenturesINInformed Ventures Advisors, LlcLOLoup Ventures+3 more

Phantom Space Corporation builds small satellite launch vehicles and satellites, along with its Phantom Cloud data-center constellations, to provide launch and in-space delivery services.

Deep TechHardwareSpace TechTucson, US

James Cantrell(Executive Officer, Director)Michael D'Angelo(Executive Officer, Director)Michal Prywata(Executive Officer)

Co-investors4D4D CapitalBABalerion Space VenturesCHChenel Capital Partners

PX operates a digital platform that connects independent professional truck drivers with carriers under a "shared drivers" model, giving companies flexible labor and reducing legal and cost risks while offering drivers autonomy.

B2B MarketplacesFuture of WorkLogistics & Supply ChainJoinville, BR

André Oliveira(CEO & Co-founder)in

Qonta operates an earned-wage access benefit that lets employees withdraw a portion of their already-worked salary before payday through an app and WhatsApp, with Qonta providing the capital and technology at no cost to the employer.

FintechHR TechSaaS

Revena provides an AI system for hospitals that reads commercial contracts and clinical records (medical progress notes, prescriptions, exams, surgical descriptions) to automatically assemble justified, contract-compliant medical bills and post validated items into hospital information systems (HIS).

AI & Machine LearningDigital HealthHealthtech

Co-investorsFJFJ Labs

Robbin provides embedded B2B financing that lets industrial companies originate sales and finance their distribution networks off-balance-sheet, with reseller payments in installments while the manufacturer is paid upfront and without default risk.

AI & Machine LearningB2B MarketplacesFintech

Leonardo Moura, CFA(Founder)inHMHenrique Meyer, CFAinHenrique Meyer(Founder)Leonardo Moura(Founder)Tomás Corrêa(Founder)

Co-investorsCLClocktower VenturesCRCrescera CapitalNONorte VenturesATAtlanticoCACanary

Niterói, BR

Luis Vieira(Founder)

Co-investorsBLBlustone Capital

SuaQuadra is a Brazilian online marketplace for commercial real estate, offering a curated listing base with detailed data, filters, and specialized brokers.

MarketplacesPropTech

Pedro Donato(Founder)inABAbraao Barros Lacerda(Founder)in

Co-investorsKAKaszek VenturesONOnevc Venture Partners LlcVEVerve Capital

Tecnofit provides a management system for fitness gyms and studios that includes enrollment, scheduling, workout programming, billing automation, and client engagement tools through a dedicated mobile app.

Enterprise SoftwareSaaS

Co-investorsHOHoney Island CapitalQUQuartz

Tempo is a personal assistant platform that combines an AI assistant with human support, operated through WhatsApp, to handle everyday personal tasks such as scheduling appointments, booking travel and restaurants, buying gifts, renewing documents, and paying bills.

AI & Machine LearningConsumerFuture of Work

ELEduardo Latache(Founder)in

Co-investorsALAllievo CapitalFOFormus CapitalMAMAYA Capital VenturesNONorte VenturesGEGeneral CatalystGOGolden Ventures+8 more

Trinio provides a commerce orchestration suite (TRINIO OS) built around AI agents that manage checkout, order fulfillment, shipping rules, and omnichannel store operations for e-commerce retailers.

AI & Machine LearningE-commerceRetail TechSaaS

Theo Ribeiro(Founder)in

Co-investorsACActivant CapitalLALatitud VenturesSOSoma CapitalHIHi Ventures

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-investorsALAllievo CapitalCACanaryCRCRIVO VenturesFJFJ LabsFLFlucas VenturesNONorte Ventures+3 more