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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?

Somos Internet

Medellín, Antioquia, Colombia

Somos Internet is a network and telecommunications startup that provides latest generation internet with a fast, secure, stable connection.

InternetNetwork SecurityTelecommunications
Series BMar 12, 2026
Amount Raised: $40,000,000
Azos

São Paulo, Sao Paulo, Brazil

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

Financial ServicesInsuranceInsurTech
Series CMar 11, 2026
Amount Raised: $24,072,719
Cicada Technologies

Greenwich, Connecticut, United States

Cicada is a fintech company that delivers a differentiated and easy-to-use trading solution.

FinTechIT InfrastructureSoftware
Series AFeb 25, 2026
Amount Raised: $13,500,000
Humand

San Francisco, California, United States

Humand provides a platform that unifies internal communication and human resources management.

Human ResourcesSaaSSoftware
Series AFeb 23, 2026
Amount Raised: $66,000,000
Comp

São Paulo, Sao Paulo, Brazil

Comp is a smart compensation platform that offers access to real time updated tech market compensation data to users.

Business DevelopmentConsultingHuman ResourcesInformation TechnologySoftware
Series AFeb 22, 2026
Amount Raised: $19,313,393
Tapi

Buenos Aires, Distrito Federal, Argentina

Tapi is a fintech company that provides e-wallet solutions and merchant services for both online and in-store transactions.

FinTechInformation TechnologyPayments
Series BFeb 3, 2026
Amount Raised: $27,000,000
Pomelo

Buenos Aires, Distrito Federal, Argentina

Pomelo provides a financial technology platform that enables businesses to issue, process, and manage payment cards and related services.

Credit CardsFinancial ServicesFinTechInformation TechnologyPayments
Series CJan 20, 2026
Amount Raised: $55,000,000
PhageLab

Santiago, Region Metropolitana, Chile

Phage Lab is a laboratory dedicated to animal welfare.

BiotechnologyConsultingEnterprise SoftwareMedicalPharmaceutical
Convertible NoteDec 11, 2025
Amount Raised: $3,500,000
Kanastra

Uberlândia, Minas Gerais, Brazil

Kanastra is a platform that offers tech-driven backoffice services for alternative investments.

Asset ManagementBankingFinancial Services
Series BOct 1, 2025
Amount Raised: $30,000,000
Arvo

São Paulo, Sao Paulo, Brazil

Arvo is a healthcare technology startup that uses artificial intelligence to secure the integrity of healthcare transactions.

Artificial Intelligence (AI)Health Care
Series ASep 17, 2025
Amount Raised: $20,006,361

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