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§ Venture Capital · Guadalajara, Mexico
Venture capital fund invests in early-stage tech startups across Latin America, focused on pre-seed and seed rounds.
Key people at Carabela.
Carabela is a seed-stage venture capital firm based in Tomball, Texas, that invests in early-stage technology startups operating across the broader Latin American market. The firm focuses on pre-seed and seed financing rounds across sectors like financial technology, e-commerce, and biotechnology, writing initial check sizes ranging from $50,000 to $150,000 with additional capital reserved for follow-on investments. Operating with one closed vehicle and another currently in the market, the firm recently targeted MXN$80 million for its Carabela Seed Fund to back multidisciplinary founding teams. Associated with the Angel Ventures network, the firm has built an initial portfolio of nine companies across Mexico, Chile, Argentina, and Peru, operating alongside notable regional entities such as Clip, Kueski, Urbvan, and Homie. Carabela was founded in 2014 by managing partners Francisco Ruiz Izaguirre and Javier Sanchez Aldana.
Carabela has 12 tracked investments across 10 companies. The latest tracked deal is $15.0M Series A in Sett in May 2025.
Key people at Carabela.
Carabela is a venture capital firm focused on backing tech founders at the pre-seed stage who are building B2B deep-tech startups across Latin America (LatAm). Their mission centers on supporting early-stage entrepreneurs solving critical regional challenges through advanced technology. With a first fund of approximately $4 million launched in 2020 and a second fund of $20 million, Carabela invests primarily in deep-tech startups from countries including Mexico, Chile, Colombia, Peru, Argentina, and Uruguay, aiming to foster innovation and growth in the LatAm startup ecosystem[1][2].
Founded in 2014, Carabela has evolved to specialize in pre-seed investments in deep-tech sectors, leveraging a focused investment philosophy that prioritizes founders who challenge the status quo in B2B technology. The firm’s early traction includes 16 initial investments with ticket sizes between $100K and $150K, demonstrating a commitment to nurturing startups from their earliest stages. This approach has positioned Carabela as a key player in the LatAm venture capital landscape, supporting startups that address complex technological problems and regional market needs[1][3].
Carabela rides the growing trend of deep-tech innovation in emerging markets, particularly in Latin America, where technological infrastructure and startup ecosystems are rapidly developing. The timing is favorable due to increasing digital transformation needs and a rising pool of tech talent in the region. By focusing on pre-seed deep-tech startups, Carabela helps bridge the funding gap at the earliest stages, enabling startups to scale and contribute to the broader ecosystem’s maturity and competitiveness[1][2].
Looking ahead, Carabela’s second fund of $20 million signals an ambition to deepen its impact by investing in approximately 25 additional pre-seed startups. Trends such as AI, IoT, and advanced software solutions in B2B contexts will likely shape their portfolio’s evolution. As Latin America’s tech ecosystem continues to grow, Carabela’s influence is expected to expand, potentially becoming a cornerstone investor for deep-tech innovation in the region, fostering startups that can compete globally while addressing local challenges[1][2].
This positions Carabela as a vital catalyst for early-stage deep-tech entrepreneurship in Latin America, aligning capital, expertise, and regional focus to unlock the potential of emerging technology ventures.
