Carao Ventures
Carao Ventures is a venture capital firm based in San José, Costa Rica, focused on Pre-Seed to Series A startups across sectors. This profile covers its focus and how founders can get in front of it in 2026.
Carao Ventures is an early-stage VC firm for small and medium sized markets in Latin America.
- Investment focus
- Generalist
- Investment stages
- Pre-SeedSeedSeries A
- Location
- San José, Costa Rica
- Team size
- 1-10
- Portfolio companies
- 25+
- Latest deal on record
- June 2026
About Carao Ventures
Carao was founded in 2012 in San José, Costa Rica and is led by Allan Boruchowicz. It is a pioneering and leading VC firm in Central America, with active investments in startups in the software, biotech, healthtech, fintech, artificial intelligence (AI), construction tech, and other industries. Carao has a distinctive business model specially designed to invest in early-stage venture opportunities in small- and medium-sized countries in LatAm, a market with significant potential but underdeveloped financial resources for high-potential emerging companies. Its differentiated investment approach combines best practices from early-stage VC firms, venture-building, and startup accelerator programs into a value proposition for both promising startups and sophisticated investors with an interest in frontier markets. Carao managed one of the largest and most active angel investor networks in LatAm, the Carao Ventures Investor Club, which was comprised of 40+ members by the end of 2020, predominantly business owners, high-level corporate executives, high net-worth individuals, and family offices from Central America, Colombia, the U.S., Switzerland, and Italy.
Source: the organization's public company profile.
How to pitch Carao Ventures
The founders who hear back from Carao Ventures lead with traction and a clear ask that matches its stage, not a generic mass email. Build a targeted, verified list, write a personalized note, and track who opens it, all in one place.
Connect with Carao Ventures
About this profile
This profile is part of Round Funded, an investor database and outreach platform for founders. It covers 60,000+ active VCs, angels, family offices and accelerators with verified contacts, lets you send pitches from your own Gmail, and includes a free Data Room for your raise. How this data is built.
Cite this page
Round Funded. "Carao Ventures." Round Funded investor database, updated October 19, 2026.
Stable URL, it will not change: https://www.roundfunded.com/en/vc/carao-ventures
Frequently Asked Questions
What does Carao Ventures invest in?
Carao Ventures is a generalist with no fixed sector focus. Match your stage before reaching out, then find similar active investors on Round Funded.
What stage does Carao Ventures invest at?
Carao Ventures focuses on Pre-Seed to Series A rounds. Lead with traction that fits the stage when you reach out.
Is Carao Ventures actively investing?
Yes. Round Funded's research found that Carao Ventures has made a new investment or run a new cohort since 2024, and its latest deal on record is from June 2026. Reach out with a personalized pitch that fits its stage and focus, then track who opens it.
Where is Carao Ventures based?
Carao Ventures is based in San José, Costa Rica. You can reach out from anywhere with a pitch that matches its focus.
How do I contact Carao Ventures?
Unlock a verified email for Carao Ventures and reach out with a personalized pitch on Round Funded. We show only deliverable contacts, so your outreach does not bounce.
What is Round Funded?
Round Funded is an investor database and outreach platform for startup founders. It lists 60,000+ active investors with verified contacts, filtered to recent investment activity, and lets founders send personalized pitches from their own Gmail, track replies, and share a free Data Room. Round+ starts at $99 per month with a 3-day trial.