Kaszek Ventures raises $600m fund for Latam startups

Kaszek Ventures, a venture capital fund created by Mercado Livre’s founders, has raised $600 million to invest in Latin American startups. The money is going to two new funds: $375 million for Kaszek Ventures IV, geared toward early-stage companies, and $225 million for Kaszek Ventures Opportunity I, which will make follow-on investments in portfolio companies. Among the over 70 companies receiving investments from the fund, which has already raised $1 billion since its inception in 2011, are Nubank, QuintoAndar, Gympass, Loggi and Creditas.

Source: Valor Econômico