Kaszek Ventures

The São Paulo-based investment firm has raised capital across two Latin American funds.

LAVCA, an association for private capital investment in Latin America, has named Nicolás Szekasy as board chair. Nicolás Szekasy is co-founder and managing partner of KaszeK Ventures.

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Kaszek Ventures has closed a $200 million third fund, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1706592/000170659217000001/xslFormDX01/primary_doc.xml The firm has offices in Buenos Aires, Argentina, and São Paulo, Brazil, and is led by Hernan Kazah and Nicolas Szekasy. It invests in technology companies with a focus on Latin America, according to its website https://www.kaszek.com/ A second fund raised $135 million, according to data from Thomson Reuters. The third fund raised commitments from 87 investors, according to the filing.

Konfio said May 24 that it raised $8 million from the Accion Frontier Inclusion Fund managed by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures. Konfio, of Mexico City, is an online lending platfor

Ribbit Capital led a $7 million funding round in GuiaBolso, a personal finance management platform. Other investors in the funding include Omidyar Network, QED Investors, Ed Baker, head of growth for Uber, Mark Goines, an early investor in Mint.com, and Peter Kellner, co-founder of Endeavor. Existing investors Kaszek Ventures, e.Bricks and Valor Capital participated in the funding.

Digital banking firm Technisys has closed $13 million in Series B funding. The investors were Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and Holdinvest. According to the firm, the capital will be used for expansion in LATAM and the U.S. as well as product development.

Kaszek Ventures has raised $135 million for a second Latin American-focused venture capital fund, according to documents filed with the Securities and Exchange Commission. The firm’s first fund of $56.4 million was raised in 2011.

Chilean fintech startup Xepelin has raised $230 million in funding, reported TechCrunch.

Rising valuations and other factors have boosted the alternative strategy in recent years as more venture firms consider adding them to their repertoire. So far, LPs are responding positively.

Kushki, a Latin American fintech startup, has raised $86 million in Series B funding.

Cora, a Brazilian lender to small and-medium-sized businesses, has secured $26.7 million in Series A funding, according to a blog post.

Chiper, a Latin American ecommerce platform for independent merchants, has secured $12 million in Series A funding.

Mexico City-based Casai, a hospitality brand, has raised $48 million in Series A funding.

After a record year in 2019, investors remain bullish on the region and say the momentum will continue far past 2020's uncertainties.

Nearly $8bn was invested in 2019, a record year for deals in emerging markets, as Latin America and South-East Asia saw the most fundraising activity.