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Carvalho Capital is a single-family office based in Ontario, Canada, dedicated to early-stage investments in the space sector and related technologies. Founded by Jason Carvalho, the firm operates with a long-term strategic vision aimed at developing the infrastructure necessary for future economies on Earth and in space. The organization emphasizes the importance of investing in foundational systems that will be critical for both terrestrial and extraterrestrial logistics.
Currently, Carvalho Capital focuses on pre-seed and seed investments, with a typical check size ranging from $25,000 to $250,000. The firm has established an affiliated seed-stage investment platform, HUMANUS.VC, to support its portfolio companies beyond the initial funding stage. This platform enhances the firm's ability to provide strategic guidance and access to a network of industry experts, further solidifying its role in the space-tech investment landscape.
Carvalho Capital primarily invests at the pre-seed stage, targeting dual-use systems that serve both civilian and defense purposes. The firm provides capital typically ranging from $25,000 to $250,000, focusing on sectors such as space-tech, energy, and robotics. Specific areas of interest include defense technology, autonomy, intelligence, surveillance, reconnaissance (ISR), and infrastructure security. Additionally, Carvalho Capital emphasizes core enablers of the space economy, such as propulsion, energy, edge computing, and robotics.
The firm seeks to back technical founders who possess geopolitical literacy and a long-term vision for their ventures. This focus on foundational systems is critical for sovereign nations and planetary economies, aligning with Carvalho Capital's mission to support the development of essential capabilities for both terrestrial and off-world logistics.
Carvalho Capital supports its portfolio companies through its affiliated seed-stage investment platform, HUMANUS.VC. Notable portfolio companies include:
These companies exemplify Carvalho Capital's commitment to investing in foundational technologies that are essential for the future of the space economy.
Jason Carvalho - Chairman & Managing Director. Jason Carvalho is an award-winning Canadian internet entrepreneur turned SpaceTech investor. He co-founded HUMANUS.VC with former SpaceX executive Jeff Thornburg and has served as a guest mentor at Creative Destruction Lab (CDL) Space Stream for three consecutive years. He co-hosts the "Specific Impulse" podcast, focusing on space and technology.
To pitch Carvalho Capital, founders should visit the affiliated platform, HUMANUS.VC, at HUMANUS.VC. It is recommended to include a comprehensive business plan in the pitch deck, highlighting the technical aspects of the venture and its alignment with the firm's focus on foundational systems in the space sector.
Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory. Clear articulation of the startup's vision and potential impact is crucial for consideration.
As of April 2026, Carvalho Capital continues to position itself as a leading investor in the space-tech sector, emphasizing its commitment to early-stage investments. The firm has been active in supporting its portfolio companies through its platform, HUMANUS.VC, which enhances its investment strategy.
Recent activities include ongoing mentorship and support for portfolio companies like Mission Control Space Services and Wyvern, both of which are making strides in their respective fields. The firm remains focused on identifying and backing technical founders with a long-term vision.
What are Carvalho Capital's investment criteria?
Carvalho Capital focuses on early-stage investments, primarily at the pre-seed stage, with check sizes ranging from $25,000 to $250,000. The firm targets dual-use systems, including defense technology, autonomy, and infrastructure security, as well as core enablers of the space economy like propulsion and robotics.
How can I apply or pitch to Carvalho Capital?
Interested parties can submit their pitch through the affiliated platform, HUMANUS.VC, by visiting their website at HUMANUS.VC. It is advisable to include a detailed business plan and highlight the technical aspects of the venture.
What makes Carvalho Capital different from other investors?
Carvalho Capital emphasizes investments in foundational systems critical for both terrestrial and extraterrestrial economies. The firm not only provides capital but also offers strategic guidance and access to a network of industry experts, particularly in the space and defense sectors.
What is Carvalho Capital's geographic scope?
While Carvalho Capital is based in Ontario, Canada, it invests globally, particularly focusing on the space economy. The firm seeks to support technical founders worldwide who align with its investment thesis.
What is Carvalho Capital's post-investment involvement like?
Carvalho Capital adds value to its portfolio companies by providing strategic guidance and leveraging its connections in the space and defense sectors. This support helps founders navigate challenges and scale their businesses effectively.
What is the typical follow-on investment behavior of Carvalho Capital?
The firm supports its portfolio companies beyond the pre-seed stage through HUMANUS.VC, which allows for continued investment as companies grow and require additional funding.
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