Carao Ventures

Carao Ventures, established in 2012 in San José, Costa Rica, is a pioneering venture capital firm led by Allan Boruchowicz. It specializes in investing in early-stage startups across various industries, including software, biotech, healthtech, fintech, AI, and construction tech, primarily in small and medium-sized countries in Latin America. Carao's unique approach combines elements of early-stage VC, venture-building, and startup accelerators, providing value to both promising startups and investors interested in frontier markets. The firm manages Carao Ventures Fund I, a $35 million VC vehicle focused on Latin America, with a primary focus on Central America, the North Andean region, and the Dominican Republic. The fund invests in technology-based sectors, with a preference for information technology and AI & machine learning, typically ranging from $0.5 million to $7.5 million per investment.

Allan Boruchowicz

Founder and Managing Partner

Mario Peña

Investment Associate

Past deals in Colombia

Wekall

Venture Round in 2024
Wekall is a cloud-based contact center software company that focuses on enhancing customer service and sales efficiency for businesses in Latin America. The platform enables companies to communicate effectively through real-time voice interactions, eschewing the limitations of chatbots and voicebots. Wekall provides telephone numbers in Colombia and globally, allowing for seamless connectivity and productivity through mobile or PC access. With integration capabilities to popular customer relationship management systems and productivity applications, Wekall offers an affordable solution accessible to small, medium, and large enterprises. Their service is competitively priced, making it suitable for a wide range of businesses aiming to optimize user service and boost sales.

R5

Seed Round in 2022
R5 is a company based in Colombia that simplifies vehicle ownership by providing an online insurance and lending platform. It enables low-income customers to use their cars and motorcycles as collateral to secure financing. The platform facilitates access to funds for refinancing expensive debt or investing in businesses, offering a digital process for purchasing compulsory vehicle insurance with affordable policies. Through its services, R5 allows customers to leverage their vehicles to obtain credit at lower rates, making financial opportunities more accessible.

Wekall

Seed Round in 2021
Wekall is a cloud-based contact center software company that focuses on enhancing customer service and sales efficiency for businesses in Latin America. The platform enables companies to communicate effectively through real-time voice interactions, eschewing the limitations of chatbots and voicebots. Wekall provides telephone numbers in Colombia and globally, allowing for seamless connectivity and productivity through mobile or PC access. With integration capabilities to popular customer relationship management systems and productivity applications, Wekall offers an affordable solution accessible to small, medium, and large enterprises. Their service is competitively priced, making it suitable for a wide range of businesses aiming to optimize user service and boost sales.
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