A Family Office with a Venture Edge.
Seeding the Infrastructure of the Interplanetary Economy.
Carvalho Capital operates as a single-family office with a focused venture arm investing at the earliest stages of dual-use and frontier technologies. We deploy personal capital with institutional discipline, backing technical founders building systems that will shape sovereignty, security, and strategic infrastructure on Earth and beyond.
Our background is operational. We scaled companies during the first and second waves of the internet—through cloud, mobility, and distributed systems. Today, we invest in the third: the emergence of space as infrastructure, autonomy as a baseline, and AI as a planning layer for real-world systems. We approach the future as builders, not tourists.
Space is no longer a sector—it is a sovereign environment. The infrastructure stack is being laid now by vertically integrated platforms like SpaceX, expected to exceed $2.5 trillion in enterprise value by 2030. We back the companies that will plug into, secure, and extend that stack. Our conviction is grounded not in speculation, but in rigorous technical and probabilistic analysis—including direct engagement with open-source valuation models like the ARK × Mach33 Monte Carlo framework released in June 2025.
Investment Focus
We invest $25K to $250K of proprietary capital at pre-seed into:
- Dual-use systems: defense tech, autonomy, ISR, and infrastructure security
- Core space economy enablers: propulsion, energy, edge compute, robotics
- Founders with technical depth, geopolitical literacy, and long time horizons
- Companies building critical capabilities for sovereign nations and off-world logistics
We invest with speed, discretion, and high conviction. As a family office, we’re not bound by mandates. We’re able to take risks institutional funds often can’t—and we follow through. Our portfolio companies are supported beyond pre-seed through http://HUMANUS.VC, our affiliated seed-stage investment platform.
We’re not chasing trends. We’re underwriting the infrastructure behind the next geopolitical and planetary economy.