Kaszek earmarks nearly $1B in new funds for Latin American startups

News Summary

  • Kaszek Ventures, one of Latin America’s first venture firms, has raised $975 million across two funds.Specifically, the São Paulo-based firm has closed on Kaszek Ventures VI, a $540 million early-stage fund and Kaszek Ventures Opportunity-III (KVO-III), a $435 million vehicle for later stage investments.
  • By 2019, Kaszek had closed on its fourth fund, raising $375 million and its first Opportunity Fund, reserving $225 million for later-stage investing in existing portfolio companies.
  • Its Opportunity Fund investments will be more concentrated, with the firm aiming to back 10 to 15 companies with check sizes ranging from $10 million to $50 million.
  • KVO-III will mostly provide later-stage capital to Kaszek’s portfolio companies but will also look for primary and secondary opportunities outside the firm’s early-stage portfolios, said Kazah.“We seek out exceptional founding teams whose business plan is centered on the strategic utilization of technology to gain a competitive advantage.
  • Kaszek plans to put money in 20 to 30 companies out of its early-stage fund (at the seed, Series A and Series B stages), with check sizes ranging from $500,000 to $25 million, according to Hernán Kazah, Kaszek’s co-founder and a managing partner.
  • While that frenzy has tapered off some ($7.8 billion was deployed in 2022), Latin America is still home to a growing number of unicorns and successful startups.Since 2011, Kaszek has backed more than 120 companies, which the firm says collectively have raised more than $15.5 billion in capital.
Kaszek Ventures, one of Latin Americas first venture firms, has raised $975 million across two funds.Specifically, the So Paulobased firm has closed on Kaszek Ventures VI, a $540 million earlyst [+4044 chars]