Top 5 Internet Startup Investors in Costa Rica (June 2026)

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

Investor stats

Total investments: 29
Round size: Seed $150k–$7.7M; Convertible Note $70k–$2M
Lead/follow: 7% lead, 93% follow
Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

Atexto — Atexto is the most powerful platform to improve speech recognition accuracy, fairness, and language support.
Grupalia — Grupalia is a credit company that offers digital loans for micro-entrepreneurs through online process.
boxful — Boxful provides ultra-fast fulfillment, shipping management, and a network of smart lockers to enable same-day or next-day deliveries for e-commerce brands and online sellers in Latin America.

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They partner with startups (tech and non-tech) with the potential to grow quickly and sustainably. Their primary focus is on companies that are currently targeting a specific regional market with a real opportunity to expand to all of Latin America and globally. They are looking for the brightest technical founders and most devoted entrepreneurswith an emphasis in solid execution. Carao Ventures has an early stage startup program where one of their partners takes an active role in the startup through the next stage of company development, participating in relevant roles such as strategy, finance, marketing and others. Their partners and mentors have a committment to sharing their experience, technical knowledge and contacts to take startups to the next level. A co-working space conveniently located in the heart of the city provides a space and environment for startups and people looking to start a company to come hang out. A wealth of resources for entrepreneurs are continuously researched and put available to teams that are looking to to get their company into the best shape possible. They also assist established business groups or seasoned entrepreneurs in analyzing, developing and overseeing new ventures.

Investment focus

Industry: FinTech, Software, Financial Services
Stage:Seed, Series A
Geography: Costa Rica, United States, Mexico

Investor stats

Total investments: 50
Round size: Seed $250k–$5.5M; Series A $500k–$14M
Lead/follow: 44% lead, 56% follow
Last fund: Likely still investing — raised $35M in 2021

Portfolio highlights

Loopa Finance — Qanlex provides litigation financing with a focus on continental law countries. Qanlex was founded by Yago Zavalia Gahan and Fernando Folgueiro.
boxful — Boxful provides ultra-fast fulfillment, shipping management, and a network of smart lockers to enable same-day or next-day deliveries for e-commerce brands and online sellers in Latin America.
Crabi — Full stack, digital car insurance

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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 supportsfounders 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, Internet, Information Technology
Stage:Seed, Series A
Geography: United States, Argentina, Brazil

Investor stats

Total investments: 149
Round size: Seed $50k–$5.4M; Series A $988k–$20M
Lead/follow: 11% lead, 89% follow
Last fund: Likely still investing — raised $98M in 2023

Portfolio highlights

RetailApp — RetailApp’s mission is to help retailers increase sales and enhance margins through the development and deployment of innovative retail technologies.
Properati — Properati is an online and mobile property platform for the real estate market. The company offers buyers, users, agile, free of ads, banners website, and tenants or real estate investors with a quick, designed for them to be able to communicate effectively with the offeror who has what they are looking for.Properati has an office in Sao Paulo,Brazil, and was founded in 2012 and is headquartered in Buenos Aires, Distrito Federal, Argentina.
Arcus Financial Intelligence — Arcus is a PaaS platform that provides payment solutions to help businesses make payments accessible for every consumer. Arcus offers a multi-rail payment platfrom that includes real-time account-to-account payments, cash, and others.

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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 is a next-generation Web3 ecosystem powered by AI agents for Real-World Assets. Through WECO Protocol, diverse real assets—ranging from entertainment IP and digital human celebrities, player and team cards for sports and esports to bio-pharmaceutical R&D pipelines and leisure industry real estate—are tokenized on our decentralizedplatform and integrated with AI agents. This holistic approach creates new revenue streams, fosters global community building, and democratizes ownership. Fans become “INVESUMER” stakeholders, actively contributing to direct investment to digital human celebrities and related IPs, content creation, marketing, and the economic success of these tokenized assets. Combining AI innovations with blockchain and advanced DeFi primitives, WECO Protocol ensures transparent governance, high liquidity, real-time automation, and frictionless user interactions. The project aspires to be a community-driven ecosystem for various verticals of RWA including entertainment, digital human, intellectual property, real estate, leisure, franchise, biomedical, and De-Fi with RWA token in order to stand out as a premier platform that merges fun, fulfillment, and profitability in a way that’s both inclusive and future-proof.

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