Fund name: Kaszek Ventures V, Kaszek Ventures Opportunity II
Amount raised: $1 billion
Stage of fundraising: Final close
Predecessor funds: Kaszek Ventures IV ($375 million), Kaszek Ventures Opportunity I ($225 million)
The Brazilian firm Kaszek Ventures has raised $1 billion across two funds, according to a recent press release. The early-stage vehicle, Kaszek Ventures V, has raised $475 million to invest in seed, Series A and Series B deals. The firm has a late-stage vehicle, Kaszek Ventures Opportunity II, which has raised $525 million in commitments.
Capital raised by the two oversubscribed funds will be used to invest in tech firms across Latin America.
Among Kaszek’s portfolio companies are Brazilian fintech start-ups Nubank and Creditas and digital real estate broker QuintoAndar.