Kaszek Ventures raises $1bn

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

Fund name: Kaszek Ventures V, Kaszek Ventures Opportunity II
Amount raised: $1 billion
Stage of fundraising: Final close
Predecessor fund: Kaszek Ventures IV ($375 million), Kaszek Ventures Opportunity I ($225 million)

Kaszek Ventures has raised a total of $1 billion across two funds, according to a recent press release. The early-stage vehicle, Kaszek Ventures V, has raised $475 million while the late-stage vehicle, Kaszek Ventures Opportunity II, has raised $525 million in commitments.

Capital raised by the two oversubscribed funds will be used to invest in technology firms across Latin America.