Caravela Capital
Rua Elvira 250, São Paulo, Sao Paulo, 02249-010, Brazil
Overview
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. To support this process, we foster a network of successful entrepreneurs that mentor, advice and share their most valuable learnings with our portfolio companies.
- Total investments
- 20
- Lead investments
- 8
- Investments · 12mo
- 6
- Active investors
- 4
Sector focus
- Venture Capital
Investment portfolio
- Agent.Shop
Led · Seed · Aug 2026
Founded at the end of 2025, Agent.Shop builds an infrastructure that connects inventory, payments, logistics and brand data to enable autonomous commerce via AI agents. Its product suite includes Agent Store for conversational sales, Agent Marketing for engagement and recommendations, Agent CX for post-sale support and GNO (Generative Agent Optimization) to make catalogs and sites more discoverable by AI-based search. The company targets large customers and lists clients such as VAIO, Positivo, Heineken and Grupo Soma, with additional companies in proof-of-concept stages. Agent.Shop aims to position itself as the underlying infrastructure for AI-mediated commerce rather than a single-channel seller. Financially, the startup raised R$5.5 million in a 2025 pre-Seed and expects to hit breakeven by the end of 2026, while planning a follow-on round to finance global expansion.
- aviva
Participated · Series A · Jul 2026
Aviva offers loans generally between $100 and $1,000 to individuals and small businesses, primarily serving informal-economy customers outside major metropolitan areas. Customers apply through videoconference bots at physical kiosks and applications are evaluated in minutes using AI models that analyze behavioral and identity signals. The company currently operates in more than 300 small and mid-sized cities across 23 Mexican states and reports over 300,000 completed kiosk application processes. Aviva’s product lineup includes a working-capital loan for microbusinesses and a point-of-sale consumer credit product deployed through kiosks inside retail stores. Founded in 2022 by Filiberto Castro, David Hernández, Amran Frey and Israel García, the company has raised $34 million in capital and more than $80 million in credit lines to date. Aviva aims to reach an addressable market of over 50 million adults with limited access to banking services and plans to use recent funding to expand locations, products and technology staff.
- Trinio
Participated · Seed · May 2026
Trinio develops a platform that connects critical stages of the purchase journey and logistics operations into a single intelligence layer for large, multichannel retailers. Its recently introduced TrinioOS suite orchestrates checkout, fulfillment and omnichannel processes with support from AI agents. The startup serves over 50 enterprise customers—brands include Vivara, Osklen, Reserva, Asics, Casas e Video, Tania Bulhões, Polishop and Usaflex—and targets retailers with structured digital operations, high order volumes and multiple distribution centers and stores. Clients using Trinio report a 10–15% increase in checkout conversion, about a 25-second reduction in average checkout time, 5–15% reductions in operational and logistical costs and fewer cancellations. Founded in 2022, the company grew revenue approximately eightfold from 2024 to 2025, has about 40 employees (≈70% in product and tech) and expects to reach breakeven within a year. Its near-term plans include intensifying AI and agent capabilities and expanding across Latin America starting with Colombia and Mexico.
- Robbin
Led · Seed · May 2026
Robbin offers a co-branded finance product that lets manufacturers provide virtual Pix-based cards and credit to their retail customers, delivering real-time payments and lower operational costs. The company launched an AI assistant called Robbinson to approve credit in real time via WhatsApp for industry sales teams. Its business model focuses on strengthening industry–retailer relationships by expanding retailers’ purchasing power and offering payment benefits convertible into discounts or loyalty points. Robbin was founded in 2023 by Leonardo Moura (CEO), Henrique Meyer and CTO Tomás Corrêa. The firm raised a US$8 million seed round and also structured a US$100 million FIDC with Augme to fund its credit operations. Proceeds from the equity round will fund growth of the AI-native platform and development of automation agents for financial flows.
- Sinatra
Participated · Seed · May 2026
Sinatra builds an AI Commerce Observability platform that monitors, predicts and helps remediate operational failures across digital retail operations. Its system uses specialized agents called AI Skills to detect anomalies such as pricing errors, overlapping promotions, catalog and logistical failures, fraud and broken purchase journeys. Since beginning commercial operations in January 2025, Sinatra grew from zero to more than 40 enterprise clients in 12 months, detected over 30,000 incidents and put 100+ AI Skills into production. The company aims to help retailers avoid up to R$1 billion in invisible operational losses by 2026. With the recent R$10 million seed raise, Sinatra plans to invest in R&D, expand its agent network and launch real-time navigation observability and omnichannel logistics monitoring, while accelerating expansion in Latin America.