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.

Allan Boruchowicz

Founder & Managing Partner

Adrián García

Co-Founder & Managing Partner

Edwin Meyers

Partner

31 past transactions

Levita Magnetics

Series C in 2022
Levita Magnetics is a medical device company that specializes in developing innovative magnetic surgical platforms aimed at enhancing minimally invasive surgical techniques. Founded in 2012 and headquartered in San Mateo, California, Levita's signature technology, known as Magnetic Surgery®, allows for magnetic grasping and retraction of target tissue during procedures such as laparoscopic cholecystectomy, bariatric surgery, and prostatectomy. This system facilitates single and reduced port surgeries by eliminating 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 patient care by streamlining surgical processes and broadening the applicability of less invasive procedures 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 is a cash flow management platform that assists accounts receivable, treasury, and financial planning teams in managing, predicting, and collecting cash. Utilizing machine learning, Tesorio processes over $30 billion in transactions annually, helping companies of various sizes—from small businesses to large enterprises—enhance their cash flow performance. The platform offers features such as accounts receivable automation, cash flow forecasting, and analysis of financial transactions, including invoices and bills. It connects buyers with suppliers, facilitating smoother payment processing and improving overall financial health. Tesorio serves a diverse range of industries, including software, manufacturing, retail, finance, and pharmaceuticals, and counts notable clients among its user base. Founded in 2013 and headquartered in Burlingame, California, Tesorio is dedicated to empowering organizations with effective cash flow management solutions.

Crabi

Venture Round in 2022
Crabi is a vertically-integrated Insurtech carrier which uses big data to analyze individual driving behavior

R5

Seed Round in 2022
Grupo R5 Ltda operates R5, provides mortgages loans and insurance policy using assets, such as cars and motorcycles as collateral to customers in Bogota, Medellin, Cali, and Bucaramanga. It enables users to buy and provides consulting services online. The company was founded in 2018 and is based in Bogotá, Colombia.

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
All in one software for marketing and sales

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 Food

Pre Seed Round in 2021
MegaBite is a multibrand cloud kitchen restaurant that operates premium gastronomic brands and sells them at midrange prices to middle class of LATAM. We receive orders only through digital channels that integrated with our kitchen software and hardware and operate out of rented, ready to use dark-kitchens. Our modular growth model makes us ultrascalable, like no other restaurant business model before: We can open a new kitchen with 10x to 20x less CAPEX and 6 to 9 times faster than a comparable traditional restaurant that can sell the same amount of orders. We currently operate in Mexico and Peru and have been growing at an average of 30% MoM in our 13 months since start of operations.

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 a hyperlocal food delivery platform established in 2015 and based in Cartago, Costa Rica. The company utilizes drone technology to facilitate autonomous food deliveries, aiming to complete orders in under 30 minutes. GoPato has received authorization to operate beyond visual line of sight (BVLOS) in urban areas, notably partnering with McDonald's to enhance its service offerings. Recognized by Forbes Central America as one of the top 30 promising businesses, GoPato has gained significant visibility in national media for its innovative approach to delivery and errand assistance. As a subsidiary of Grupo Cuestamoras Internacional, GoPato continues to evolve the delivery landscape in the region.

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
BîldTEK increases productivity and quality of construction by integrating design and technology of computer-assisted production. They believe in intelligent design. They know there is a better way to build using a simplified process that reduces the environmental impact and ensures structural precision . Use of building information modeling (BIM) and a controlled manufacturing process to produce structures of cold-formed steel for residential and commercial construction.

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 a hyperlocal food delivery platform established in 2015 and based in Cartago, Costa Rica. The company utilizes drone technology to facilitate autonomous food deliveries, aiming to complete orders in under 30 minutes. GoPato has received authorization to operate beyond visual line of sight (BVLOS) in urban areas, notably partnering with McDonald's to enhance its service offerings. Recognized by Forbes Central America as one of the top 30 promising businesses, GoPato has gained significant visibility in national media for its innovative approach to delivery and errand assistance. As a subsidiary of Grupo Cuestamoras Internacional, GoPato continues to evolve the delivery landscape in the region.

BildTEK

Series A in 2015
BîldTEK increases productivity and quality of construction by integrating design and technology of computer-assisted production. They believe in intelligent design. They know there is a better way to build using a simplified process that reduces the environmental impact and ensures structural precision . Use of building information modeling (BIM) and a controlled manufacturing process to produce structures of cold-formed steel for residential and commercial construction.

Junar

Series B in 2015
Junar powers the Data Economy by delivering the easiest-to-use, cloud-based Open Data platform. For innovative organizations, Junar is the fastest way to publish data. The Junar platform enables businesses, governments, and organizations to free their data to drive new opportunities, collaboration, and transparency. Some of the world's leading companies trust Junar with their most valuable assets: their data and the end users who are viewing and using it.

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
BîldTEK increases productivity and quality of construction by integrating design and technology of computer-assisted production. They believe in intelligent design. They know there is a better way to build using a simplified process that reduces the environmental impact and ensures structural precision . Use of building information modeling (BIM) and a controlled manufacturing process to produce structures of cold-formed steel for residential and commercial construction.

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
BîldTEK increases productivity and quality of construction by integrating design and technology of computer-assisted production. They believe in intelligent design. They know there is a better way to build using a simplified process that reduces the environmental impact and ensures structural precision . Use of building information modeling (BIM) and a controlled manufacturing process to produce structures of cold-formed steel for residential and commercial construction.

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.