Kaszek raises nearly USD 1 billion for Latin American startups

Kaszek, one of Latin America’s first venture capital firms, has raised USD 975 million across two funds. The money will go to startups in the region.

Kaszek plans to invest USD 540 million in early-stage startups and USD 435 million in later-stage startups. This is welcome news for the Latin American startup scene, which is currently in the midst of a funding shortage, especially for later-stage companies. 

After a record-breaking 2021, in which Latin American startups received USD 15.9 billion in venture capital, last year saw a sharp drop in new investments for the region — around USD 7.8 billion according to preliminary data from private capital association LAVCA. 

While seed funding was resilient during this downturn — helping the region surpass the volume of investments in this stage in 2021, from USD 650 million to USD 1 billion — later-stage funding fell 79 percent compared to the USD 9.5 billion in 2021. 

According to Crunchbase data, Kaszek has participated in more than 200 investment rounds since its founding in January 2011, raising a total of USD 3.1 billion across nine funds. As a result, Kaszek is now the largest Latin American early-stage fund and one of the most active firms in the region, in addition to being the most respected investment firm across more than 80 funds, according to a recent survey of more than 200 entrepreneurs, carried out by asset manager Spectra.

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