- The company has backed more than 90 companies, which collectively raised more than $ 10 billion in capital;
- In Kaszek’s portfolio are unicorns such as Nubank, Creditas, MadeiraMadeira and QuintoAndar, among others;
- Geographically, Kaszek has been more active in Brazil, Mexico, and Colombia.
Venture capital firm Kaszek announced this Monday that it has raised $1 billion in two new funds for investments in Latin American companies. According to the firm, the Kaszek Ventures V fund will invest $475 million in companies at an early stage (Seed, Series A, and Series B), while the rest will be invested in portfolio companies at a later stage through its Opportunity II fund.
“The region hosts a robust and growing technology industry with more great startups emerging now than what we have ever seen before. With this new capital we have raised, we will continue supporting the evolution of the local technology ecosystem and backing entrepreneurs in their dreams to build transformative world-class companies,” said Hernan Kazah, managing partner and co-founder at Kaszek, in a press statement.
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The company has backed more than 90 companies, which collectively raised more than $ 10 billion in capital. In Kaszek’s portfolio are unicorns such as Nubank, Creditas, MadeiraMadeira and QuintoAndar, among others. Geographically, Kaszek has been more active in Brazil, Mexico, and Colombia, but has also invested in organizations based in other countries in the region, such as DigitalHouse (Argentina), NotCo (originally founded in Chile), or Kushki (first launched in Ecuador).
“Kaszek invested in Nubank when it was only a PowerPoint and has proven to be a high value-added partner since those early days up until today,” said David Velez, co-founder, and CEO at Nubank, in the press release.
