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The Venture Codex

Overview

Venture capital firm supporting disruptive companies in LatAM.

Founded

2019

Deals · 12mo

7

Stage focus

Seed
Series A

Geographic focus

Brazil
Mexico
Uruguay

Sector focus

Venture Capital

Investment portfolio

21rounds
NAMEDATESIZE
Bull
Sep 2026Led
$4 MSeed
Agent.Shop
Aug 2026Led
$1 MSeed
aviva
Jul 2026Participated
$18 MSeries A
Trinio
May 2026Participated
$6 MSeed
Robbin
May 2026Led
$108 MDebt
Sinatra
May 2026Participated
$2 MSeed
Revena
Feb 2026Participated
$8 MSeed
OCN Ecofinance Technologies SRL
Jul 2024Led
$86 MOther Equity
OCN
Jul 2024Led
$86 MSeries A
Logcomex
Nov 2023Participated
$34 MOther Equity
Allie Systems
Sep 2023Led
$2 MOther Equity
Mottu
Sep 2023Participated
$50 MSeries C
Bull
Sep 2026Led
$4 MSeed
Agent.Shop
Aug 2026Led
$1 MSeed
aviva
Jul 2026Participated
$18 MSeries A
Trinio
May 2026Participated
$6 MSeed
Robbin
May 2026Led
$108 MDebt
Sinatra
May 2026Participated
$2 MSeed
Revena
Feb 2026Participated
$8 MSeed
OCN Ecofinance Technologies SRL
Jul 2024Led
$86 MOther Equity
OCN
Jul 2024Led
$86 MSeries A
Logcomex
Nov 2023Participated
$34 MOther Equity
Allie Systems
Sep 2023Led
$2 MOther Equity
Mottu
Sep 2023Participated
$50 MSeries C
21
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Caravela Capital: 21 funding rounds are recorded in the selected participation categories.All available history.
Caravela Capital: 21 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed36
Series A14
Series C+01
Other Equity41
Debt10

Monthly Deal Activity

Caravela Capital: 21 deals are recorded across 77 months.All available history.
Caravela Capital: 21 deals are recorded across 77 months. All available history
MonthDeals
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '232
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '242
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '263
Jun '260
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Caravela Capital: E-Commerce & Retail is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Caravela Capital: E-Commerce & Retail is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
E-Commerce & Retail10
Fintech9
Enterprise Software8
AI & Machine Learning8
Transportation & Logistics7
Networks, Cloud & Communication6
Data, Analytics & IT4
Health & Life Sciences2
Food & Agriculture2
Clean Energy & Sustainability2
Consumer & Lifestyle1
Hardware & Robotics1
Real Estate & Construction1

Deal Size Distribution

Caravela Capital: 21 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Caravela Capital: 21 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M4
$10M-$25M3
$25M-$50M1
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Caravela Capital: Brazil has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Caravela Capital: Brazil has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Brazil15
Mexico3
Uruguay2
Europe1
Caravela Capital: 20 co-investors are shown, with Canary sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Caravela Capital: Led accounts for 43% and participating for 57% of round participation.All available history.
Caravela Capital: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led943%
Participating1257%
Caravela Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Caravela Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead333%
Co-led667%

Team

Lucas Dzierwa de Lima

Managing Partner

Mario de Lara

Co-Founder & Managing Partner