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.

Adrian Garcia

Co-Founder and Managing Partner

Mario Peña

Senior Associate

Past deals in Central America

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.

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.

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.

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.

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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