At Carabela, we back the bold—deep tech founders building what others don’t yet understand.

We invest in visionary teams tackling complex, real-world problems with science and engineering at their core. We’re drawn to ambitious ideas, overlooked markets, and early breakthroughs that can reshape entire industries.

Our focus is early-stage, B2B digital deep tech— platforms for developers (got SDK, GitHub Repo or API? Great!) that are scaling Gen AI, blockchain, IoT, and semiconductor design —led by Latin American founders transforming traditional sectors like finance, healthcare, and agriculture, in line with strategic national priorities.

We are early believers. We lead pre-seed rounds with tickets up to $500K.

What we look for:

Anomalies: Startups that stand apart from the hype cycles. We value originality over conformity, and we’ll engage even in well-known verticals—like Fintech or AI—only if your approach is radically different.
B2B-first: We invest in scalable B2B platforms with clear vertical depth and room to expand. We avoid tiny niches and B2C models —unless you bring exceptional data to prove us wrong.
Emerging tech at the edge of adoption: We seek founders leveraging inflection points in AI, blockchain, IoT, and other transformational technologies—especially in overlooked or non-obvious ways.
Inclusive, Green, and Impact-driven: We're building a portfolio that reflects our values. We back startups that are not only commercially viable but also meaningfully improving the planet and society.

Exceptional founders: Sorry, we don’t invest in Solo Founders. We use behavioral science and structured interviews, powered by our network of expert LPs (including AI Scientists, VPs, tech executives, and CVCs), to evaluate founder traits like resilience, clarity, and collaboration—especially when early traction data is limited.

Highly technical end-users: We back solutions designed for deeply technical users — engineers, developers, scientists — where domain knowledge is essential to understand and extract value from the product.

Low-friction implementation: We prioritize solutions that can be deployed independently by end users using proper technical documentation and guidelines, without requiring extensive consulting or hands-on support.

Software-first approach: We avoid hardware-heavy models. We prioritize software-driven solutions that don’t rely on high capital expenditures, complex logistics, or inventory management.

Our Process:

Our streamlined evaluation begins with your application and an initial screening. Within one week, you'll hear from us regarding the status of your application. If selected to proceed, we'll then move into a second phase, encompassing a 'Tech and Business quick look' (Step 2) followed by 'Founding team situational interviews' (Step 3). These steps allow us to dive deeper into your business model, the innovative edge of your solution, and the skills of your founding team. The final stage involves our 'Investment Committee and Due Diligence' (Step 4), with the entire process typically concluding within 4 to 6 weeks from your initial application.

Carabela’s team will be by your side from the first conversation to the final decision, asking thoughtful questions and helping you bring your vision into focus. Discover the people driving this support here.

We go beyond funding by connecting you with our LPs—a group of expert advisors ready to open doors, serve on boards, and provide invaluable mentorship as you navigate each phase of growth.

If everything you’ve read so far sounds like you, we invite you to apply. But before doing so, we strongly recommend reading this article to better understand the kind of startups we're looking for: What Kind of Deep Tech Startups Are We Looking For?

If your startup aligns with these principles and you’re looking for a strategic partner at the earliest stage, we encourage you to submit your application bellow. We look forward to learning more about your venture and how we can support its growth. We’re excited to hear your story and dive into your tech. Let’s make the improbable, inevitable.

Form application and initial screening

Tech and Business

quick look

Founding team situational interviews

Investment Commitee and Due Diligence

Submit your application here

The information presented herein is intended solely to provide general information about Carabela's Fund II and our investment strategy. This content is directed exclusively at founders and is not intended for potential investors. Nothing on this page constitutes an offer to sell or a solicitation of an offer to purchase any securities. Any such offering will be made only in compliance with applicable securities laws, to accredited investors, and through a confidential and personal offering memorandum.

What we look for:

Anomalies: Startups that stand apart from the hype cycles. We value originality over conformity, and we’ll engage even in well-known verticals—like Fintech or AI—only if your approach is radically different.

B2B-first: We invest in scalable B2B platforms with clear vertical depth and room to expand. We avoid tiny niches and B2C models —unless you bring exceptional data to prove us wrong.

Emerging tech at the edge of adoption: We seek founders leveraging inflection points in AI, blockchain, IoT, and other transformational technologies—especially in overlooked or non-obvious ways.

Inclusive, Green, and Impact-driven: We're building a portfolio that reflects our values. We back startups that are not only commercially viable but also meaningfully improving the planet and society.

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Highly technical end-users: We back solutions designed for deeply technical users — engineers, developers, scientists — where domain knowledge is essential to understand and extract value from the product.

​​

Low-friction implementation: We prioritize solutions that can be deployed independently by end users using proper technical documentation and guidelines, without requiring extensive consulting or hands-on support.

​​

Software-first approach: We avoid hardware-heavy models. We prioritize software-driven solutions that don’t rely on high capital expenditures, complex logistics, or inventory management.