Kaszek

Kaszek is the largest venture capital firm in Latin America, founded in 2011 by Hernan Kazah and Nicolas Szekasy — MercadoLibre co-founder/COO and former CFO, respectively. Based in Sao Paulo with operations across the region, the firm manages approximately $2.9 billion across six early-stage funds and three opportunity and growth funds. Fund history spans from KV-I ($95 million, 2011) and KV-II ($135 million, 2014) through KV-VI plus Opportunity III ($975 million, 2023). The team includes partners Nicolas Berman (former MercadoLibre VP with 20-plus years of operational experience), Santiago Fossatti (with the firm since inception), and Andy Young. Kaszek leads rounds across its portfolio and invests in technology-based companies targeting Latin America as their primary market, at seed through Series A and growth stages with checks ranging from the millions to $10-50 million. Kaszek has invested in 130 companies over 15 years, backing roughly 9 new companies annually. The portfolio includes some of Latin America's most iconic technology companies: Nubank (NYSE-listed, the largest digital bank in the region), Kavak (used car marketplace), QuintoAndar (proptech), Creditas (fintech), WellHub/Gympass (corporate wellness), Loggi (logistics), Bitso (crypto exchange), Clara (corporate cards), Nuvemshop (e-commerce platform), Notco (food tech), and Konfio (SME lending). Twenty-four portfolio companies have been acquired. The latest investment was Azos (life insurance) in March 2026, and the most recent exit was Gringo, acquired by Corpay in February 2025. Kaszek's founders-turned-investors thesis — applying direct operational experience at one of Latin America's most successful internet companies — shapes how the firm supports founders through the scaling challenges particular to the region: regulatory complexity, fragmented markets, and capital cycles that differ markedly from those in North America or Europe.