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.
Aviva operates an AI-powered digital bank aimed at providing financial services to underbanked communities in Latin America, particularly targeting unsecured credit products for individuals and nano-businesses in Mexico. The company focuses on reaching the over 40 million underbanked Mexicans, many of whom reside in small and medium-sized towns, through physical onboarding kiosks. These nano-branches facilitate a documentless onboarding process via a three-minute video that leverages AI technology, including natural language processing, to streamline credit applications. By transforming speech to text and assessing customers' emotions and personality through video, Aviva enhances its ability to score thin-file customers effectively. This innovative approach allows Aviva to offer competitive interest rates and meet the financial needs of underserved populations.
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.
boxful
Pre Seed Round in 2024
Boxful provides ultra-fast fulfillment, shipping management, and a network of smart lockers to enable same-day or next-day deliveries for e-commerce brands and online sellers in Latin America.
Huli
Seed Round in 2023
Huli is a healthcare technology company focused on enhancing the management of patient records and streamlining healthcare services. By connecting health professionals, medical centers, and institutions within the Latin American health ecosystem, Huli facilitates efficient communication and access to medical services. Its platform features an integrated online calendar with automatic reminders, enabling healthcare providers to manage appointments and patient information effectively. Huli aims to improve patient volume and satisfaction by offering transparency in services and pricing, thereby fostering a more accessible healthcare experience for patients.
Levita Magnetics
Series C in 2022
Levita Magnetics SpA, established in January 2012 by Alberto Rodriguez-Navarro, is a Chilean medical device start-up focused on advancing surgical procedures through innovative technology. The company has developed a unique magnetic surgical platform called Magnetic Surgery®, which facilitates single and reduced port procedures, thereby promoting less invasive surgical techniques. This system utilizes a traumatic, shaftless design that eliminates the need for traditional trocars and shafted instruments, resulting in a clearer operative field and minimizing surgical trauma. By enhancing patient outcomes across various indications, Levita Magnetics aims to transform the landscape of surgery for broader patient populations, emphasizing both reduced invasiveness and improved cosmetic results.
Naya Homes
Seed Round in 2022
Naya Homes is a property management and hospitality platform that focuses on short-term and vacation rentals in Latin America. The company assists homeowners and real estate developers in maximizing revenue while alleviating the complexities of property management. Naya Homes utilizes data science and technology for revenue optimization and offers multi-channel listing and marketing services to enhance visibility for rental units. Additionally, the company provides financing for furniture and equipment, along with interior design services, ensuring that properties are well-presented. Naya Homes also emphasizes guest services to create a comfortable experience for visitors, ultimately enabling clients to increase their financial returns without the operational burdens typically associated with rental properties.
R5
Seed Round in 2022
R5 is a company based in Colombia that simplifies vehicle ownership for its customers. It operates an online platform designed to facilitate financing through the use of assets like cars and motorcycles as collateral. The platform caters primarily to low-income individuals, allowing them to refinance high-interest debt or secure funds for business investments. Additionally, R5 offers a digital solution for purchasing compulsory vehicle insurance at affordable rates, enabling customers to leverage their vehicles to access credit options with lower interest rates. This approach aims to make financial services more accessible and manageable for its users.
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.
MegaBite Food
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 focused on enhancing the management of patient records and streamlining healthcare services. By connecting health professionals, medical centers, and institutions within the Latin American health ecosystem, Huli facilitates efficient communication and access to medical services. Its platform features an integrated online calendar with automatic reminders, enabling healthcare providers to manage appointments and patient information effectively. Huli aims to improve patient volume and satisfaction by offering transparency in services and pricing, thereby fostering a more accessible healthcare experience for patients.
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.
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.
Slidebean
Seed Round in 2016
Slidebean, Inc. is a web-based platform that facilitates the creation of presentations, primarily targeting startups and entrepreneurs seeking funding. Founded in 2014 and headquartered in New York, with an additional office in San Jose, Costa Rica, Slidebean offers a range of services, including AI-driven pitch deck creation, financial modeling, and pitch deck design. The platform features pre-filled decks and customizable templates, allowing users to efficiently construct compelling presentations. Additionally, Slidebean provides a wealth of resources, including video materials, to support entrepreneurs through the fundraising process. Since achieving $1 million in annual recurring revenue in 2017, Slidebean has continually evolved its offerings to better assist founders in navigating the complexities of securing investment for their ventures.
BildTEK
Venture Round in 2016
BildTEK S.A. is a Costa Rican company founded in 2013 that specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company focuses on increasing productivity and quality in construction by integrating advanced technology and design principles. Utilizing building information modeling (BIM) and a controlled manufacturing process, BildTEK produces galvanized steel profiles that are used in systems for roofs, walls, floors, and stairways. Their approach emphasizes a simplified construction process that reduces environmental impact while ensuring structural precision, promoting an efficient and industrialized method of building.
Slidebean
Seed Round in 2016
Slidebean, Inc. is a web-based platform that facilitates the creation of presentations, primarily targeting startups and entrepreneurs seeking funding. Founded in 2014 and headquartered in New York, with an additional office in San Jose, Costa Rica, Slidebean offers a range of services, including AI-driven pitch deck creation, financial modeling, and pitch deck design. The platform features pre-filled decks and customizable templates, allowing users to efficiently construct compelling presentations. Additionally, Slidebean provides a wealth of resources, including video materials, to support entrepreneurs through the fundraising process. Since achieving $1 million in annual recurring revenue in 2017, Slidebean has continually evolved its offerings to better assist founders in navigating the complexities of securing investment for their ventures.
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. is a Costa Rican company founded in 2013 that specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company focuses on increasing productivity and quality in construction by integrating advanced technology and design principles. Utilizing building information modeling (BIM) and a controlled manufacturing process, BildTEK produces galvanized steel profiles that are used in systems for roofs, walls, floors, and stairways. Their approach emphasizes a simplified construction process that reduces environmental impact while ensuring structural precision, promoting an efficient and industrialized method of building.
Junar
Series B in 2015
Junar, Inc. operates a cloud-based open data platform that facilitates the accessibility of data for organizations globally, including businesses, governments, NGOs, and academic institutions. Founded in 2006 and headquartered in Palo Alto, California, Junar's platform allows users to identify, organize, and optimize data while transforming it into engaging visual formats such as tables, charts, and maps. The platform also includes an API toolbox that enables developers to create innovative applications for data presentation. By empowering organizations to publish their data, Junar fosters new opportunities, enhances collaboration, and promotes transparency. With additional offices in Dallas, Silicon Valley, Latin America, and Israel, the company has established itself as a trusted partner for managing and leveraging valuable data assets.
Slidebean
Convertible Note in 2015
Slidebean, Inc. is a web-based platform that facilitates the creation of presentations, primarily targeting startups and entrepreneurs seeking funding. Founded in 2014 and headquartered in New York, with an additional office in San Jose, Costa Rica, Slidebean offers a range of services, including AI-driven pitch deck creation, financial modeling, and pitch deck design. The platform features pre-filled decks and customizable templates, allowing users to efficiently construct compelling presentations. Additionally, Slidebean provides a wealth of resources, including video materials, to support entrepreneurs through the fundraising process. Since achieving $1 million in annual recurring revenue in 2017, Slidebean has continually evolved its offerings to better assist founders in navigating the complexities of securing investment for their ventures.
BildTEK
Convertible Note in 2014
BildTEK S.A. is a Costa Rican company founded in 2013 that specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company focuses on increasing productivity and quality in construction by integrating advanced technology and design principles. Utilizing building information modeling (BIM) and a controlled manufacturing process, BildTEK produces galvanized steel profiles that are used in systems for roofs, walls, floors, and stairways. Their approach emphasizes a simplified construction process that reduces environmental impact while ensuring structural precision, promoting an efficient and industrialized method of building.
BildTEK
Seed Round in 2013
BildTEK S.A. is a Costa Rican company founded in 2013 that specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company focuses on increasing productivity and quality in construction by integrating advanced technology and design principles. Utilizing building information modeling (BIM) and a controlled manufacturing process, BildTEK produces galvanized steel profiles that are used in systems for roofs, walls, floors, and stairways. Their approach emphasizes a simplified construction process that reduces environmental impact while ensuring structural precision, promoting an efficient and industrialized method of building.
Slidebean
Seed Round in 2013
Slidebean, Inc. is a web-based platform that facilitates the creation of presentations, primarily targeting startups and entrepreneurs seeking funding. Founded in 2014 and headquartered in New York, with an additional office in San Jose, Costa Rica, Slidebean offers a range of services, including AI-driven pitch deck creation, financial modeling, and pitch deck design. The platform features pre-filled decks and customizable templates, allowing users to efficiently construct compelling presentations. Additionally, Slidebean provides a wealth of resources, including video materials, to support entrepreneurs through the fundraising process. Since achieving $1 million in annual recurring revenue in 2017, Slidebean has continually evolved its offerings to better assist founders in navigating the complexities of securing investment for their ventures.
MegaBite Food
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.
Lenk
Lenk powers the process mortgage origination in Latin America
Aviva
Aviva operates an AI-powered digital bank aimed at providing financial services to underbanked communities in Latin America, particularly targeting unsecured credit products for individuals and nano-businesses in Mexico. The company focuses on reaching the over 40 million underbanked Mexicans, many of whom reside in small and medium-sized towns, through physical onboarding kiosks. These nano-branches facilitate a documentless onboarding process via a three-minute video that leverages AI technology, including natural language processing, to streamline credit applications. By transforming speech to text and assessing customers' emotions and personality through video, Aviva enhances its ability to score thin-file customers effectively. This innovative approach allows Aviva to offer competitive interest rates and meet the financial needs of underserved populations.
Huli
Huli is a healthcare technology company focused on enhancing the management of patient records and streamlining healthcare services. By connecting health professionals, medical centers, and institutions within the Latin American health ecosystem, Huli facilitates efficient communication and access to medical services. Its platform features an integrated online calendar with automatic reminders, enabling healthcare providers to manage appointments and patient information effectively. Huli aims to improve patient volume and satisfaction by offering transparency in services and pricing, thereby fostering a more accessible healthcare experience for patients.
BildTEK
BildTEK S.A. is a Costa Rican company founded in 2013 that specializes in the design, manufacture, and construction of cold-formed steel structures for both commercial and residential projects. The company focuses on increasing productivity and quality in construction by integrating advanced technology and design principles. Utilizing building information modeling (BIM) and a controlled manufacturing process, BildTEK produces galvanized steel profiles that are used in systems for roofs, walls, floors, and stairways. Their approach emphasizes a simplified construction process that reduces environmental impact while ensuring structural precision, promoting an efficient and industrialized method of building.
Clicoh
Clicoh is a startup born in Cordoba, Argentina in 2018 that provides fulfillment and logistics solutions through innovation and technology for digital companies in Latam.
MegaBite Food
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.
Lenk
Lenk powers the process mortgage origination in Latin America
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