Caravela Capital
No summary available yet.
Caravela is the scrappy Brazilian fund that's actually backing winners while everyone else is chasing the same hot deals in São Paulo. Caravela is known both for their go-to market approach, having analyzed more than 3.5k companies in less than 4-years, and their rigorous analytical approach, seeking high returns and sustainable growth. Mario de Lara sits on Mottu's board - that's the motorcycle rental unicorn that hit R$1B ARR - and they co-led OCN's $86M Series A. When we met with Caravela, it was obvious they were going to be a great partner for the business. Caravela has a very impressive track record having backed many successful companies. The fund operates out of Curitiba (not the obvious choice) but their network reaches across LatAm. Brunna Zogbi who leads the platform team at Caravela works with founders to identify the best ways to help them and their companies get better. They're sector-agnostic but seem to nail fintech and B2B plays consistently. They focus on buying companies at fair prices and selling them at significantly higher values, aiming for a 30x return.
- —Best for: LatAm B2B/fintech founders who want experienced operators, not just cash
- —Known for: Deep due diligence, hands-on platform support, and backing actual winners
- —Watch out for: They're picky - analyzed 3.5k companies to make 29 investments
We believe that disruptive companies can craft innovative and efficient solutions to challenging problems faced in LatAM. Our goal is to help them to scale and to change their markets. They focus on buying companies at fair prices and selling them at significantly higher values, aiming for a 30x return. They back entrepreneurs with exceptional vision and capability, targeting companies in considerable markets with disruptive products/services and high scalability potential.
Caravela Capital primarily invests in Seed and Series A stages. They employ a sector-agnostic strategy, aiming to build a diverse portfolio of 25-30 companies in each of their funds. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Consumer. Typical check size: $500K – $1.5M.
Prior to this, Mario held positions at various companies including YPO, James Delivery, Nex Coworking, The Kraft Heinz Company, Cata Company, One Investimentos e Incorporações Imobiliárias, Rumo, and Burger King. Mario DeLara brings experience from previous roles at YPO, James Delivery, Nex Coworking and The Kraft Heinz Company. Mario has also pursued education at Stanford University, Harvard University, and Universidade Positivo. Managing Partner na Caravela Capital I Forbes Under 30. Mario DeLara sits on the board of portfolio company Mottu and is actively involved in portfolio oversight.
Prior to Caravela Capital, Brunna served as Deal Sourcing Head at Vox Capital, an impact investment firm in Brazil, where they focused on identifying opportunities and evaluating potential investments. Previously, Brunna was a Board Observer at Porter Group, Conta Azul, and Involves, as well as involved in business growth at Endeavor Brasil. At Endeavor Brasil, they managed relationships with mentors and entrepreneurs, including Méliuz, Zenvia, and Conta Azul. Nossa partner Brunna Zogbi foi selecionada como uma das Top Women Investors in Latin American Tech pela LAVCA! Her social media presence highlights her commitment to empowering women in tech and venture capital.
Have a specific question about Caravela Capital?
Ask Bernie →