- The amount raised is much higher than any other in the entire history of KaszeK Ventures and will be split into two new funds;
- The fund expects to make between 25 to 30 new investments.
The venture capital fund Kaszek Ventures, one of Latin America’s pioneers, has just announced that it raised $ 600 million to fund new investments in the region. Created by two of the founders of Mercado Livre, the fund has bet on startups like Nubank, Gympass, and Loggi, just to name a few startups that have gained unicorn status–for companies that reach the market valuation of $ 1 billion or more–from 2018 onwards.
According to BrazilJournal, the amount raised is much higher than any other in the entire history of KaszeK Ventures. From the founding of the company in 2011 to this day, $ 430 million has been invested.
The amount announced on Thursday (29) will be split into two new funds: Kaszek Ventures IV, with $ 375 million, aimed at early stage companies; and Kaszek Ventures Opportunity I, with $ 225 million, intended for subsequent investments follow up on companies that received initial investments.
The funds raised by Kaszek Ventures have added to a real flood of investments in Latin America, marked by the arrival of the Japanese SoftBank fund and its estimated BRL 5 billion for the region.
Hernan Kazah, one of the KaszeK Ventures founders, said to TechCrunch that he expects that the firm will invest marginally larger amounts in roughly the same number of companies, with the fund making between 25 to 30 new investments.