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Carao Ventures is an early-stage venture capital firm based in San José, Costa Rica, focused on backing startups across Latin America, particularly Spanish-speaking small and medium-sized markets. The firm invests across multiple sectors including software, fintech, artificial intelligence, construction technology, biotech, and healthtech rather than operating as a drug-development or healthcare operating company. Carao Ventures appears to be an active private investment firm founded in 2012 and led by Allan Boruchowicz, with Adrián García also publicly associated with firm leadership. For a biotech analyst, the key point is that Carao Ventures is best classified as an investor in life sciences and health-related startups, not as a biotech, pharma, CRO, CDMO, or therapeutic product company.
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