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Kaszek

South America, NA - Uruguay, Uruguay, Montevideo

Description

Kaszek is a preeminent venture capital firm deeply embedded in the Latin American technology ecosystem, co-founded in 2011 by Hernan Kazah and Nicolas Szekasy, both former executives of MercadoLibre. Based in Montevideo, Uruguay, the firm has established itself as a pivotal investor in the region's burgeoning tech scene, focusing on disruptive technology-based companies that address large market opportunities. Kaszek's unique advantage stems from its founders' extensive operational experience in building and scaling a multi-billion dollar tech enterprise, providing invaluable strategic guidance to its portfolio companies.

The firm employs a multi-stage investment strategy, deploying capital from seed to growth stages, with a particular emphasis on leading early-stage rounds, including Seed, Series A, and Series B. Kaszek has consistently raised increasingly larger funds, reflecting its growing influence and commitment to the region's entrepreneurial landscape. For instance, their fifth set of funds, announced in 2022, collectively amounted to an impressive $975 million. This capital was strategically divided into a $525 million fund dedicated to early-stage investments and a $450 million fund for growth-stage opportunities, enabling the firm to support its ventures comprehensively from inception through significant scaling.

Kaszek's portfolio is a testament to its ability to identify and nurture future industry leaders, featuring numerous Latin American tech unicorns such as Nubank, Kavak, QuintoAndar, and NotCo. These investments underscore the firm's success in backing companies that not only achieve rapid growth but also fundamentally transform their respective sectors across the continent. Kaszek is renowned for its hands-on approach, actively partnering with founders to navigate challenges and accelerate growth, solidifying its reputation as a preferred and impactful partner for ambitious technology startups throughout Latin America.

Investor Profile

Kaszek has backed more than 183 startups, with 18 new investments in the last 12 months alone. The firm has led 66 rounds, about 36% of its total and boasts 25 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in Brazil, Mexico, Colombia.
  • Strong thematic focus on Financial Services, FinTech, E-Commerce.
  • Led 6 rounds in the past year.
  • Typical check size: $1M – $20M.

Stage Focus

  • Series A (32%)
  • Series B (26%)
  • Seed (17%)
  • Series C (11%)
  • Series Unknown (4%)
  • Series D (4%)
  • Series E (3%)
  • Series G (1%)
  • Series F (1%)
  • Private Equity (1%)

Country Focus

  • Brazil (54%)
  • Mexico (20%)
  • Colombia (7%)
  • Argentina (5%)
  • United States (5%)
  • Chile (4%)
  • Uruguay (2%)
  • Ecuador (2%)
  • Germany (1%)

Industry Focus

  • Financial Services
  • Fintech
  • E-commerce
  • Software
  • Information Technology
  • Banking
  • Finance
  • Payments
  • Saas
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Kaszek frequently co-invest with?

Ribbit Capital
North America, California, United States, Palo Alto
Co-Investments: 14
Quona Capital
North America, District of Columbia, United States, Washington
Co-Investments: 12
FJ Labs
North America, New York, United States, New York
Co-Investments: 10
International Finance Corporation
North America, District of Columbia, United States, Washington
Co-Investments: 10
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 17
monashees
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 20
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 13
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 16
QED Investors
North America, Virginia, United States, Alexandria
Co-Investments: 30
Valor Capital Group
North America, New York, United States, New York
Co-Investments: 10

Which angels does Kaszek often collaborate with?

Ricardo Weder
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 2
FG
North America, New York, United States, New York
Shared Deals: 2
Simon Borrero
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 2
Gerry Giacoman Colyer
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 2
BR
North America, California, United States
Shared Deals: 3
Marcos Galperin
South America, Distrito Federal, Argentina, Buenos Aires
Shared Deals: 3
Carlos Julio Garcia
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 5
David Vélez
South America, Sao Paulo, Brazil, São Paulo
Shared Deals: 6
KE
North America, Utah, United States, Park City
Shared Deals: 11
Guilherme Bonifacio
South America, Sao Paulo, Brazil
Shared Deals: 2

What are some of recent deals done by Kaszek?

Woba

Belo Horizonte, Minas Gerais, Brazil

Woba is a software that provides an ecosystem with work solutions for office and remote teams.

Information TechnologyInternetSoftware
Series BJul 7, 2025
Amount Raised: $13,500,000
Justos

São Paulo, Sao Paulo, Brazil

Justos is disrupting the insurance market in Latin America.

Information TechnologyInsurance
Series UnknownJun 18, 2025
Amount Raised: $16,767,209
Crabi

Mexico City, Distrito Federal, Mexico

Full stack, digital car insurance

Auto InsuranceInsuranceInsurTech
Series UnknownJun 5, 2025
Amount Raised: $13,600,000
OmniChat

Curitiba, Parana, Brazil

The conversational commerce platform

Information TechnologySoftware
SeedJun 2, 2025
Amount Raised: $8,812,281
Clara

São Paulo, Sao Paulo, Brazil

Clara is a spending management company that provides an end-to-end spend management platform for businesses.

BillingEnterprise SoftwareFinancial ServicesFinTechPayments
Series UnknownApr 29, 2025
Amount Raised: $40,000,000
Mombak

São Paulo, Sao Paulo, Brazil

Mombak is a carbon removal company that specializes in large-scale reforestation projects in the Amazon rainforest.

Environmental ConsultingEnvironmental EngineeringForestry
Series AApr 29, 2025
Amount Raised: $30,000,000
Belvo

Mexico City, Distrito Federal, Mexico

Belvo is the open finance API platform that enables users to connect their accounts to an app.

BankingDeveloper APIsFinanceFinancial ServicesFinTech
Series UnknownApr 16, 2025
Amount Raised: $15,000,000
Grão Direto

Uberaba, Mato Grosso, Brazil

Grão Direto is a digital commodities trading platform that offers market intelligence insights on gains for producers and buyers.

AgricultureAgTechFarmingSoftwareTrading Platform
Series BMar 10, 2025
Amount Raised: $15,468,702
Niva

New York, New York, United States

Niva is a global business identity platform used to build trust in businesses across the globe.

SeedMar 4, 2025
Amount Raised: $5,500,000
Azos

São Paulo, Sao Paulo, Brazil

Azos is an insurtech that offers best in class insurance products in Brazilian market.

Financial ServicesInsuranceInsurTech
Series BFeb 19, 2025
Amount Raised: $30,500,000