LatamList – Kaszek Ventures announced its largest fund closure of $1B. The capital was raised across a duo of funds: Kaszek Ventures V, a $475M early-stage fund, and Kaszek Ventures Opportunity II, a $525M fund for later-stage investments.
The aim of the company’s fifth fund is to focus on later-stage investments as many of its current portfolio startups continue to develop and grow.
“We have been at the epicentre of the technology ecosystem in Latin America since 1999, […] and have witnessed firsthand the extraordinary evolution that the sector has experienced since its infancy,” said Hernán Kazah, co-founder and Managing Partner of Kaszek.
Kaszek has backed 91 companies since its first fund in 2011 and has collectively raised more than $10B in capital. It cites major names within its portfolio, such as Nubank, MadeiraMadeira, PedidosYa, Creditas and Loggi.
The firm plans to invest in 20 to 30 new companies with its early-stage fund, and 10 to 15 with the Opportunity Fund. The firm strives to be more than just investors, but become partners with the founders of its portfolio companies.
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