Carao Ventures

Carao Ventures is a venture capital investment firm based in San Jose, Costa Rica, founded in 2012. The firm partners with early-stage startups across various sectors, including consumer products, healthcare, information technology, and e-commerce, with a strong emphasis on companies that have the potential to expand throughout Latin America and globally. Carao Ventures seeks to collaborate with dedicated entrepreneurs and technically skilled founders, providing active support in areas such as strategy, finance, and marketing. Through its early-stage startup program, partners engage directly in the development of these companies, leveraging their experience and networks to facilitate growth. The firm also offers a co-working space designed for startups and aspiring entrepreneurs, fostering a collaborative environment. Additionally, Carao Ventures assists established business groups and seasoned entrepreneurs in analyzing and developing new ventures, continuously providing resources to help companies achieve optimal performance.

Adrián García

Co-Founder and Managing Partner

Mario Peña

Senior Associate

31 past transactions

Levita Magnetics

Series C in 2022
Levita Magnetics, founded in 2012 and based in San Mateo, California, specializes in developing innovative magnetic surgical platforms aimed at enhancing minimally invasive surgical procedures. The company's flagship technology, known as Magnetic Surgery®, allows for the magnetic grasping and retraction of target tissues during laparoscopic surgeries, including cholecystectomy, bariatric, and prostatectomy procedures. By utilizing this system, Levita Magnetics eliminates the need for traditional trocars and shafted instruments, thereby minimizing surgical trauma and improving cosmetic outcomes for patients. The company's mission focuses on advancing surgical techniques to improve patient outcomes across various medical indications.

Naya Homes

Seed Round in 2022
Proptech, real estate, vacation and short-term rentals, consumer finance

ObraLink

Seed Round in 2022
Sidcodx is a tool that collects and digitalizes data automatically in the job site to speed up critical construction processes such as progress control and formwork stage.

Tesorio

Series B in 2022
Tesorio, Inc. is a cloud-based platform that focuses on cash flow management, helping companies optimize their financial operations. Founded in 2013 and based in Burlingame, California, Tesorio utilizes machine learning to analyze accounts receivable, accounts payable, foreign exchange, and financial forecasting. The platform processes over $30 billion in transactions annually, assisting organizations of various sizes—from small businesses to large enterprises—in managing, predicting, and collecting cash effectively. Tesorio's solutions include accounts receivable automation and cash flow forecasting, catering to diverse industries such as software, manufacturing, retail, finance, and pharmaceuticals. Its clientele features both publicly traded and privately held companies, emphasizing the importance of cash flow performance in their operational strategies.

Crabi

Venture Round in 2022
Crabi is a vertically-integrated Insurtech company that focuses on providing personalized automobile insurance. Utilizing big data, Crabi analyzes individual driving behavior to offer a tailored insurance experience that emphasizes the person rather than the vehicle. The company has developed a full-stack digital insurance platform that simplifies the processes of purchasing, managing, and claiming insurance. This human-centered design approach enhances the overall digital experience, allowing customers to obtain coverage conveniently and pay according to their specific needs. Crabi aims to make insurance more accessible and user-friendly, catering to the demands of modern consumers.

R5

Seed Round in 2022
Grupo R5 Ltda operates R5, an online platform based in Bogotá, Colombia, that provides mortgage loans and insurance policies using assets such as cars and motorcycles as collateral. Founded in 2018, the company primarily serves low-income customers in cities including Bogotá, Medellín, Cali, and Bucaramanga. R5 enables users to refinance high-interest debt or invest in their businesses by offering a streamlined digital process for accessing funds. Additionally, the platform facilitates the purchase of compulsory vehicle insurance with affordable policies, allowing customers to leverage their vehicles as security for low-rate credit options.

Logysto

Series A in 2022
LOGYSTO allows brands and retailers to sell up to 30% more by revolutionizing the logistics of its direct e-commerce channels making Amazon-like fulfillment possible through the use of technology and the shared economy. The product cycle encompasses e-commerce logistics across the first, middle and last mile including dark stores/urban mini-hubs for expedited fulfillment services.

Escala

Seed Round in 2022
Escala is a developer of an all-in-one marketing and sales platform aimed at enhancing customer retention. The platform provides a comprehensive suite of digital marketing tools that includes customer relationship management, email marketing, landing pages, and automation features. By offering these integrated solutions, Escala enables businesses to streamline their marketing efforts and accelerate growth effectively.

Floid

Seed Round in 2021
Floid is an open banking platform established in 2019 and located in Las Condes, Santiago Metropolitan Region. The company specializes in developing applications, payment solutions, and risk engines for banks and fintech organizations. Through its API, Floid securely connects consumers' bank accounts with various financial institutions, providing users with access to risk evaluations and diverse payment options. This integration enhances security and reduces the potential for fraudulent activities, fostering a safer environment for financial transactions.

Wekall

Seed Round in 2021
Wekall offers a cloud-based corporate telephony service that consolidates communication needs under a single provider, leading to significant cost savings of up to 60% on monthly telephony expenses. The company has developed a contact center platform that provides telephone numbers both in Colombia and internationally. This platform enhances productivity by allowing employees to use their extensions on mobile devices or PCs. By enabling effective communication, Wekall helps businesses improve sales and manage customer service efficiently, catering to a wide range of companies with its affordable solutions.

RewardsWeb

Seed Round in 2021
RewardsWeb offers a platform that enhances loyalty and reward programs. Its platform helps shoppers to pay for purchases with local credit and debit cards or with cash at banks through agreements with local financial institutions, thereby enabling customers to buy products of their own choice of brands. The company was founded in 2021 and is based in Miami, Florida.

RewardsWeb

Seed Round in 2021
RewardsWeb offers a platform that enhances loyalty and reward programs. Its platform helps shoppers to pay for purchases with local credit and debit cards or with cash at banks through agreements with local financial institutions, thereby enabling customers to buy products of their own choice of brands. The company was founded in 2021 and is based in Miami, Florida.

MegaBite

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 that offers software as a service (SaaS) products designed for independent health professionals, medical centers, and institutions. Its platform streamlines the management of patient records and appointments by integrating an online calendar with automated reminders. Huli's solution collects and communicates essential patient information, including contact details and medical insurance, which enhances communication between patients and healthcare providers. By facilitating appointment scheduling and access to various healthcare services, Huli aims to increase patient volume and improve customer satisfaction. The company emphasizes transparency and competitive pricing, making it easier for patients to find and utilize medical services.

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.

Singularities

Seed Round in 2018
Singularities provides supply chain optimization and consumer finance solutions.

Speratum

Convertible Note in 2018
Speratum is a biopharmaceutical company based in San José, Costa Rica, founded in 2014 by Christian Marín-Müller, Ph.D. The company specializes in the development of microRNA technology aimed at treating pancreatic cancer through innovative therapies that restore the expression of tumor suppressive microRNA molecules. Speratum's proprietary approach combines these microRNA molecules with nanoparticle-based drug delivery systems to enhance therapeutic efficacy. Currently, the company is entering the final stage of preclinical trials for its pancreatic cancer treatment while also working to expand its patent coverage to include other cancer types and various medical conditions. Additionally, Speratum is broadening its intellectual property portfolio to integrate complementary technologies in nanotechnology, medical devices, and veterinary medicine, positioning itself as a leader in targeted molecular therapies.

Singularities

Venture Round in 2017
Singularities provides supply chain optimization and consumer finance solutions.

GoPato

Seed Round in 2017
GoPato Inc. is an on-demand platform based in Cartago, Costa Rica, that connects users with assistants and messengers for various errand and delivery needs. Founded in 2015, the company specializes in hyperlocal food delivery and utilizes drone technology to enhance its services, promising delivery within 30 minutes. GoPato has received authorization to operate beyond visual line of sight (BVLOS) in urban areas, notably partnering with McDonald's to facilitate commercial operations in San José. The company has been recognized by Forbes Central America as one of the top 30 business prospects and has garnered significant media attention. Through its mobile application, GoPato offers personalized delivery services that streamline everyday tasks, allowing customers to efficiently manage their time while outsourcing errands such as food ordering, grocery shopping, and messenger services.

Leaf

Seed Round in 2016
Leaf Grow is a simple, powerful automation and insights platform for Facebook & Instagram ads. It reduces campaign management time from hours to minutes whilst delivering a better return on ad spend using smart setups, interest-based audience targeting and campaign budget optimization. Since launch, Leaf Grow has gone to power major and indie labels, gaming companies, and crypto startups, events and membership organizations, retail and e-commerce; from clients like Universal Music to 300 Entertainment, Kartel and MDDN to high-street titans like FootAsylum and Pizza Express. On average, their customers have seen an uplift of 2x in their Return On Ad Spend within the first couple weeks of making the switch, increased the quality of the audiences they reach and in some cases, open a whole new channel for revenue. Leaf Grow builds on the foundation they laid for Leaf Music, only expanding its power to businesses of all shapes and sizes, giving them a much better chance to succeed online.

BildTEK

Venture Round in 2016
BildTEK S.A., founded in 2013 and located in San José, Costa Rica, specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company enhances productivity and quality in construction through the integration of advanced design and technology, specifically utilizing building information modeling (BIM) and a controlled manufacturing process. BildTEK is committed to intelligent design, aiming to simplify construction processes while minimizing environmental impact and ensuring structural precision.

Slidebean

Seed Round in 2016
Slidebean, Inc. is a web-based platform that allows users to create presentations efficiently using pre-filled decks, templates, and various design elements. Founded in 2013 and incorporated in 2014, the company operates from offices in New York, New York, and San Jose, Costa Rica. The platform simplifies the presentation creation process by separating content from design, enabling users to focus on their message while the software manages the visual aspects automatically. Slidebean offers additional services such as pitch deck writing, financial modeling, and market size estimation, which are aimed at helping startups develop compelling presentations to secure funding. With over 7,000 presentations delivered, Slidebean strives to establish itself as a leading alternative to traditional tools like PowerPoint and set a new standard in presentation design.

GoPato

Seed Round in 2016
GoPato Inc. is an on-demand platform based in Cartago, Costa Rica, that connects users with assistants and messengers for various errand and delivery needs. Founded in 2015, the company specializes in hyperlocal food delivery and utilizes drone technology to enhance its services, promising delivery within 30 minutes. GoPato has received authorization to operate beyond visual line of sight (BVLOS) in urban areas, notably partnering with McDonald's to facilitate commercial operations in San José. The company has been recognized by Forbes Central America as one of the top 30 business prospects and has garnered significant media attention. Through its mobile application, GoPato offers personalized delivery services that streamline everyday tasks, allowing customers to efficiently manage their time while outsourcing errands such as food ordering, grocery shopping, and messenger services.

BildTEK

Series A in 2015
BildTEK S.A., founded in 2013 and located in San José, Costa Rica, specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company enhances productivity and quality in construction through the integration of advanced design and technology, specifically utilizing building information modeling (BIM) and a controlled manufacturing process. BildTEK is committed to intelligent design, aiming to simplify construction processes while minimizing environmental impact and ensuring structural precision.

Junar

Series B in 2015
Junar, Inc. operates a cloud-based open data platform that allows organizations to make their data accessible and engaging. Founded in 2006 and headquartered in Palo Alto, California, with additional offices in Dallas, Silicon Valley, Latin America, and Israel, Junar's platform simplifies the management and publication of data. It provides tools for transforming complex data into interactive tables, visualizations, and maps, thereby enhancing stakeholder engagement and tracking data usage and impact. The platform is designed for a diverse range of users, including businesses, governments, NGOs, and academic institutions, enabling them to leverage their data to foster collaboration and transparency. Additionally, Junar offers an API toolbox for developers to create innovative applications that showcase this data in new ways.

Slidebean

Convertible Note in 2015
Slidebean, Inc. is a web-based platform that allows users to create presentations efficiently using pre-filled decks, templates, and various design elements. Founded in 2013 and incorporated in 2014, the company operates from offices in New York, New York, and San Jose, Costa Rica. The platform simplifies the presentation creation process by separating content from design, enabling users to focus on their message while the software manages the visual aspects automatically. Slidebean offers additional services such as pitch deck writing, financial modeling, and market size estimation, which are aimed at helping startups develop compelling presentations to secure funding. With over 7,000 presentations delivered, Slidebean strives to establish itself as a leading alternative to traditional tools like PowerPoint and set a new standard in presentation design.

BildTEK

Convertible Note in 2014
BildTEK S.A., founded in 2013 and located in San José, Costa Rica, specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company enhances productivity and quality in construction through the integration of advanced design and technology, specifically utilizing building information modeling (BIM) and a controlled manufacturing process. BildTEK is committed to intelligent design, aiming to simplify construction processes while minimizing environmental impact and ensuring structural precision.

Bellelli

Seed Round in 2014
Bellelli is an educational services provider based in Escazú, Costa Rica, specializing in early childhood education for children aged ten months to five and a half years. Founded in 2014, the company focuses on delivering programs that support the developmental needs of young children, fostering their growth and learning in a structured environment.

Speratum

Seed Round in 2014
Speratum is a biopharmaceutical company based in San José, Costa Rica, founded in 2014 by Christian Marín-Müller, Ph.D. The company specializes in the development of microRNA technology aimed at treating pancreatic cancer through innovative therapies that restore the expression of tumor suppressive microRNA molecules. Speratum's proprietary approach combines these microRNA molecules with nanoparticle-based drug delivery systems to enhance therapeutic efficacy. Currently, the company is entering the final stage of preclinical trials for its pancreatic cancer treatment while also working to expand its patent coverage to include other cancer types and various medical conditions. Additionally, Speratum is broadening its intellectual property portfolio to integrate complementary technologies in nanotechnology, medical devices, and veterinary medicine, positioning itself as a leader in targeted molecular therapies.

BildTEK

Seed Round in 2013
BildTEK S.A., founded in 2013 and located in San José, Costa Rica, specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company enhances productivity and quality in construction through the integration of advanced design and technology, specifically utilizing building information modeling (BIM) and a controlled manufacturing process. BildTEK is committed to intelligent design, aiming to simplify construction processes while minimizing environmental impact and ensuring structural precision.

Slidebean

Seed Round in 2013
Slidebean, Inc. is a web-based platform that allows users to create presentations efficiently using pre-filled decks, templates, and various design elements. Founded in 2013 and incorporated in 2014, the company operates from offices in New York, New York, and San Jose, Costa Rica. The platform simplifies the presentation creation process by separating content from design, enabling users to focus on their message while the software manages the visual aspects automatically. Slidebean offers additional services such as pitch deck writing, financial modeling, and market size estimation, which are aimed at helping startups develop compelling presentations to secure funding. With over 7,000 presentations delivered, Slidebean strives to establish itself as a leading alternative to traditional tools like PowerPoint and set a new standard in presentation design.
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