Top 10 Internet Startup Investors in Costa Rica (November 2026)

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.

Investment focus

Industry: Internet, Advertising, News
Stage:Seed, Series A, Series B
Geography: Costa Rica, United States

Investor stats

Total investments: 11
Lead/follow: 73% lead, 27% 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.

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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.

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.

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Arenacast is a Sports/eSports Interactive Service Platform

Investment focus

Industry: Web3, Blockchain, Cryptocurrency
Stage:Seed
Geography: Costa Rica

Investor stats

Total investments: 1
Lead/follow: 100% lead, 0% follow

Portfolio highlights

WECO Protocol — WECO Protocol turns real-world assets into opportunities, empowering peopl as stakeholders. With AI and blockchain, we make ownership simple and rewarding

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RightOn is AI digital human global celeb RWA Service Platform.

Investment focus

Industry: Web3, Blockchain, Cryptocurrency
Stage:Seed
Geography: Costa Rica

Investor stats

Total investments: 1
Lead/follow: 100% lead, 0% follow

Portfolio highlights

WECO Protocol — WECO Protocol turns real-world assets into opportunities, empowering peopl as stakeholders. With AI and blockchain, we make ownership simple and rewarding

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Founded in 2011, NXTP was one of the early investors in B2B unicorns in Latin America, such as Nuvemshop, Mural, Auth0, Frete.com, and Betterfly. Based across offices in Brazil, Mexico, Uruguay, and Argentina, NXTP invests checks ranging from $500,000 to $5 million in startups at pre-seed, seed, and Series A stages. NXTP principally supports founders in four B2B verticals: Cloud & SaaS, FinTech, E-Commerce Enablers, and B2B Marketplaces. The fund has backed more than 130 startups, raising over $2 billion in additional capital, and has co-invested alongside funds such as a16z, Greylock, Tiger Global, and Greenoaks. It boasts a portfolio of 6 unicorns and 32 exits. NXTP has a Latin American network not only to identify the region’s best entrepreneurs but also to help them expand their operations to other countries. NXTP's main goal is to help companies move to the next level, demonstrate a viable and scalable business, and be part of that growth process. NXTP has over 400 experts to assist companies in addressing operational challenges in different segments.

Investment focus

Industry: E-Commerce, Software, Internet
Stage:Seed, Series A, Venture - Series Unknown
Geography: Argentina, United States, Brazil

Investor stats

Total investments: 260
Round size: Seed $25k–$3M; Series A $988k–$20M; Venture - Series Unknown $25k–$23M
Lead/follow: 9% lead, 91% follow
Last fund: Likely still investing — raised $98M in 2023

Portfolio highlights

Sharpi — Sharpi offers an AI solution that automates B2B order entry by converting customer messages into structured ERP orders.
Vixtra — Vixtra is a fintech company that provides payment methods for foreign trade and B2B payment methods.
Nuvia — Nuvia is an artificial Intelligence automation platform that helps with sales process, lead generation and hyper-personalized conversions

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Ulua VC is a venture capital firm that invests in early stage companies with the potential to create transformative socioeconomic impact. Ulua VC supports the region's entrepreneurs as they build businesses that will drive positive change in Latin America.

Investment focus

Industry: Apps, Software, Wellness
Stage:Pre-Seed, Seed
Geography: Mexico, Costa Rica, United States

Investor stats

Total investments: 3
Round size: Pre-Seed $160k–$1.3M
Lead/follow: 33% lead, 67% follow

Portfolio highlights

Cuéntame — Cuéntame develops tools designed for employees' emotional wellbeing.
Castor — Castor.app is a sleek, versatile domain that exudes innovation and energy. With just 6 letters and 2 syllables, this one-word name is easy to remember and perfect for a modern startup. The word Castor brings to mind qualities like adaptabil
Listo — Ovotjedni katalozi i akcije Lidla, Konzuma, Kauflanda, Spara i Plodina na jednom mjestu. Dodirni proizvod i on je na listi, s cijenom. Isprobaj besplatno.

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Innogen Capital is a LATAM venture capital firm that invests in early-stage and growth companies. It focuses on proven business models, including companies with a social impact mission, Innogen Capital also seeks to provide its partners with expertise and exposure via a network of professionals in diverse fields.

Investment focus

Industry: Financial Services, Software, FinTech
Stage:Convertible Note, Seed, Pre-Seed
Geography: Mexico, Colombia, Argentina

Investor stats

Total investments: 43
Round size: Seed $150k–$7.7M; Pre-Seed $1M–$7M; Convertible Note $100k–$3M
Lead/follow: 7% lead, 93% follow
Last fund: Likely still investing — raised $11M in 2023

Portfolio highlights

Grupalia — Grupalia is a credit company that offers digital loans for micro-entrepreneurs through online process.
Ábaco — Ábaco is a fintech company that offers financial services with capital, payments & platform solutions.
Crabi — Full stack, digital car insurance

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Passionate problem solver specializing in blockchain, cryptocurrency, health & wellness tech, biohacking. Product manager, marketer, & executive with a proven ability to recognize and capitalize on commercial opportunities. Conceived, launched and successfully exited three companies. 13+ years of experience in consumer product development & growth marketing.

Investment focus

Industry: Blockchain, Cryptocurrency, Software
Stage:Seed, Initial Coin Offering, Pre-Seed
Geography: United States, Switzerland, United Kingdom

Investor stats

Total investments: 94
Round size: Seed $500k–$10M; Initial Coin Offering $5.5M–$59M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Hemi Labs — Hemi builds Bitcoin infrastructure for money that can be moved, programmed and put to work.
Sapien — Sapien offers Data Labelling Services with RLHF to fine-tune your LLMs potential. Improve model performance with better data to improve outcomes. Consult us now!
Movement Labs — Movement Labs is on a mission to create a global community of Move Builders, working together to improve decentralized network user experience.

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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.

Investment focus

Industry: Financial Services, FinTech, Software
Stage:Seed, Pre-Seed, Venture - Series Unknown
Geography: United States, Costa Rica, Mexico

Investor stats

Total investments: 90
Round size: Seed $500k–$5.5M; Pre-Seed $30k–$1.5M; Venture - Series Unknown $160k–$10M
Lead/follow: 41% lead, 59% 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

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