Top 5 Hardware VC Funds & Investors in Costa Rica (October 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Carao Ventures
VC Fund
|
3 | United States, Costa Rica, Mexico | Seed, Pre-Seed, Venture - Series Unknown | Financial Services, FinTech, Software | $30k–$10M |
|
Caricaco VC
VC Fund
|
1 | Costa Rica, El Salvador, Argentina | Pre-Seed, Seed | Software, FinTech, Financial Services | $50k–$7M |
|
Spicy Capital
VC Fund
|
1 | Singapore, Costa Rica, Saudi Arabia | Seed, Pre-Seed, Series A | Blockchain, Bitcoin, Gaming | $50k–$3M |
|
Grupo Alta
VC Fund
|
1 | Costa Rica | Pre-Seed | B2B, Drones, Food Delivery | |
|
Invert Up
VC Fund
|
1 | Costa Rica, United States | Seed, Series A, Series B | Internet, Advertising, News | |
| Access all 7 VC funds in Costa Rica Hardware startups. | |||||
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!
Investor list
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. As of June 2021, Carao launched Carao Ventures Fund I, a $35 million VC vehicle focused on Latin America (the "Fund"). The Fund’s intended geographic focus consists of: (i) primarily, Central America (including Panama), North Andean region (Colombia, Peru, and Ecuador), and the Dominican Republic; (ii) secondarily, investment opportunities in Argentina, Chile, and other small- and medium-sized LatAm countries (except for Brazil); and (iii) lastly, investment opportunities in Mexico or led by founders from the Target Markets in the U.S. shall be considered as Opportunistic Investments.
Show more...Investment focus
- Industry: Financial Services, FinTech, Software
- Stage:Seed, Pre-Seed, Venture - Series Unknown
- Geography: United States, Costa Rica, Mexico
Investor stats
- Total investments: 89
- Round size: Seed $500k–$5.5M; Pre-Seed $30k–$1.5M; Venture - Series Unknown $160k–$10M
- Lead/follow: 40% lead, 60% follow
- Last fund: May invest from a new fund soon — raised $35M in 2021
Portfolio highlights
- Braven — Braven turns every submission into a pre-analyzed, traceable decision, and every book into a live, provable view. Built for MGAs and reinsurers that do their own underwriting.
- aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
- Crabi — Full stack, digital car insurance
CARICACO is a startup powerhouse. We support the best entrepreneurs in Central America with capital, mentors and connections. We seek to be the bridge that connects early stage startups with new markets and the best investment funds/accelerators.
Show more...Investment focus
- Industry: Software, FinTech, Financial Services
- Stage:Pre-Seed, Seed
- Geography: Costa Rica, El Salvador, Argentina
Investor stats
- Total investments: 15
- Round size: Seed $2M–$3.4M; Pre-Seed $50k–$7M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- Tumoni — Tumoni is a fintech company that offers digital banking services through free remittances.
- Paggo — Providing access to mobile payments for SME's through an app and mPOS that accepts debit and credit cards, create link payments for e-commerce, will come with a historical sales dashboard and financial ratios
- Ábaco — Ábaco is a fintech company that offers financial services with capital, payments & platform solutions.
Spicy Capital is dedicated to supporting innovative ideas that aim to transform the blockchain sector. They help initiatives from fundraising to success by leveraging our deep experience and industry relationships.
Show more...Investment focus
- Industry: Blockchain, Bitcoin, Gaming
- Stage:Seed, Pre-Seed, Series A
- Geography: Singapore, Costa Rica, Saudi Arabia
Investor stats
- Total investments: 12
- Round size: Seed $50k–$3M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- OpenPad AI — OpenPad - The 1st AI Decentralized Launchpad
- Time Universe — Join the $TIME token presale
- Gambit Markets — Your ultimate prediction market companion
Grupo Alta is an investment fund composed of businessmen and entrepreneurs of Central America. The Fund identifies, acquires and operates businesses. It provides liquidity for business owners and contributes knowledge of the Central American region, providing strategic guidance and tangible value. We acknowledge and value the deep relationshipbetween owners and their customers, employees, and community – Grupo Alta seeks to foment and stregnthen these commitments.
Show more...Investment focus
- Industry: B2B, Drones, Food Delivery
- Stage:Pre-Seed
- Geography: Costa Rica
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- GoPato — GoPato is a hyperlocal food delivery platform powered by drone technology. Founded in 2015, the company is transforming the way to order food around a city with autonomous delivery drones under 30 minutes. Currently GoPato get the authorization to start commercial operation BVLOS in the urban area of San José Costa Rica with a partnership withMcdonald's.Awarded by Forbes Central America as one of 30 business promises and mentioned by all national newspapers and media, GoPato is in charge of being your right hand.
Invert Up is the first private seed capital fund in Costa Rica that invests in early-stage startups, enlisted in the National Stock exchange Invert Up is a spin off of Parque Tec founded in 2015 and is based in San José, Costa Rica.
Show more...Investment focus
- Industry: Internet, Advertising, News
- Stage:Seed, Series A, Series B
- Geography: Costa Rica, United States
Investor stats
- Total investments: 10
- Lead/follow: 70% lead, 30% follow
Portfolio highlights
- Quantik — Quantik is a video on demand platform, full of original content such as web series, comedy sketches, stand up comedy shows, short films and documentaries, for the Latin American audiences. They are producers, filmmakers and creative writers.
- Tico Fut — Tico Fut is a sports and entertainment platform that allows you to play virtual football with players from around the world.
- Aditi Multimedia — Aditi Multimedia is a Costa Rican multimedia startup that has created the network of interactive kiosks Kiboo, which includes ATM-type machines enabling its users to access the latest entertainment content market and more.
Hardware VC funding in Costa Rica at a glance
Stats across 8 deals from 7 investors.
Access all 7 VC funds in Costa Rica Hardware startups.
Open ListFAQ
Is Shizune data fresh/accurate?
Shizune has monitored hundreds of funding sources since 2020.
Our investor database is updated every day, so investor data is always fresh.
All metrics are calculated from confirmed public rounds, so the data is accurate.
Can I download investor list?
To download the Hardware VC Funds in Costa Rica investor list, create a Shizune account. This investor list will be added to your saved investors and available for download in the export section.
You can also enrich the investor list with investor emails, phones, LinkedIns, and other contact data.
Can I access investor database?
To access all 7 VC funds investing in Costa Rica Hardware startups and 48,091+ more investors, create a Shizune account.
Shizune has a database of 48,091 investors. Our investor database is fresh and updated daily.
The Shizune investor database has information on investor investment focus, investor contact data, and full investor portfolio since 2020.
You can enrich with email and download the data.
Does Shizune have investor emails and contacts?
Shizune enriches investors with contact data that includes: email, phones, LinkedIn, socials, website, and others.
To guarantee the highest discovery rate, we search across 20+ contact search tools.
To maximize delivery rate and reduce bounce rate, we validate emails.
You can enrich your investor list with Shizune. Download it too.
What is Shizune?
Shizune is a 48,091 investor database updated daily.
With Shizune you can:
- browse the database
- use smart matching
- enrich with emails
- download
All you need to find investors for your startup.
Who is Shizune for?
Shizune is built for startup founders by startup founders.
If you are looking for funding for your startup, try the Shizune database — we have investors for every stage, industry, and country.
Is Shizune free?
Shizune is free forever. You can search and browse investors for free.
Email search and export are paid features.
For full info, visit our pricing.
Who built Shizune?
Shizune is built by founders with the goal of helping all founders raise funding no matter where they are.
Contact 100 investors today
Find who invests in your industry, stage, and country. Download investor list with emails in 5 minutes.
Find investors — It's Free!
Sign up with Google
Sign up with LinkedIn
