Carao Ventures is an early-stage venture capital firm based in San José, Costa Rica, founded in 2012 by Allan Boruchowicz and Adrián García. The firm focuses on investing in small and medium-sized markets across Latin America, particularly in Spanish-speaking countries such as Central America, the Dominican Republic, Colombia, Ecuador, and Peru. Carao Ventures aims to support entrepreneurs with the technical skills and determination needed to disrupt industries and create valuable companies.

Their investment approach combines best practices from early-stage venture capital, angel investor networks, venture building, and startup accelerator programs. The firm has a sector-agnostic investment strategy, seeking opportunities in various industries, including biotech, healthtech, fintech, artificial intelligence, construction technology, and education. Notably, in July 2021, Carao Ventures launched a US$35 million fund to invest in early-stage startups from small and medium-sized economies in Latin America, with support from the Inter-American Development Bank (IDB) and the International Finance Corporation (IFC).