Kaszek Ventures, an investment firm focused technology companies in Latin America, has secured $600m across two new funds.
The vehicles were raised in around two months and places Kaszek’s total assets under management to $1bn.
Its main fund has a capital pool of $375m and its debut opportunity fund has $225m available for investing. The opportunity fund will invest in later-stage companies looking for larger rounds.
Kaszek believes it will be making larger investments with these funds and will back between 25 and 30 companies.
The firm has seen a return of eight-times on its debut fund, a five-times multiple on its sophomore, and two-times on its third vehicle.
Its portfolio is made up of a various technology companies including several FinTechs. Digital banking technology company technisys, Brazilian consumer lending platform Creditas, and challenger bank NuBank, are among the companies its portfolio.
Its previous fund closed on $200m and backed companies.
Kaszek Ventures founder Nicolas Szekasy said, “We were looking at Silicon Valley and looking at what was happening in China and saw that Latin America was a very large region with a large population and GDP and the right demographics and a fast pace of adoption of new technologies.”
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