Founded in 2012 in San José, Costa Rica, Carao Ventures is a pioneering and leading VC firm in Central America, with active investments in startups in various industries, including software, biotech, healthtech, fintech, AI, and construction tech. The firm has a distinctive business model specially designed to invest in early-stage venture opportunities in small- and medium-sized countries in LatAm, and manages one of the largest and most active angel investor networks in LatAm. As of June 2021, Carao launched Carao Ventures Fund I, a $35 million VC vehicle focused on Latin America, with a geographic focus on Central America, the North Andean region, the Dominican Republic, and other small- and medium-sized LatAm countries.