KaszeK Ventures

The e-commerce giant and the VC firm announced that their SPAC (special purpose acquisition company), named Mercado Libre Kaszek Pioneer Corp., has filed to go public. This SPAC is sponsored by both entities and will have an IPO. With this SPAC, Mercado Libre and Kazek Ventures will seek to acquire a Latin American tech company […]

NotCo had already landed in the U.S. during 2020, due in part to a highly publicized investment by Jeff Bezos’ fund. It is scaling up in 2021, launching in more than 400 stores in the country.  It is becoming more and more common to see vegetarian or vegan options when ordering from a restaurant menu. […]

Contxto – The Brazilian Fintech Quanto just raised US $15 million with Itaú Unibanco and Bradesco: The two largest banks in Brazil. Not satisfied with bagging these major financial institutions when it comes to banking, Kaszek Ventures and Coatue—both VCs—also pitched some funds for this investment round.  While Itaú Unibanco’s contribution happened as a direct […]

Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. Contxto—Politics, football, and Tesla’s current stock price all have one thing in common with SoftBank—Latin America’s largest foreign investor—; you should never mention them in conversation unless […]

Contxto – Used car platform Kavak the pre-owned car giant announced it reached unicorn status yesterday (30). In an interview, the startup said it reached a US$1.15 billion valuation following an investment round it closed in September.  The startup didn’t share how much the invested totaled for, only that Greenoaks Capital led it. In terms […]

Contxto – When hospitality startup Ayenda Hoteles closed US$8.7 million last October, it never imagined (nor did we) just how crucial that capital would be for its immediate future. The original plan was to use the funds to consolidate its presence in Peru, the second country in which the Colombian startup operates. However the Covid-19 […]

Contxto – Latin America is filled with fintechs who have eyes on the ground and tech to identify users and businesses that are eligible for a loan. That helps explain why some of the world’s biggest companies have been forging partnerships with these startups recently. Last Monday (21), Uber Eats announced that it will be […]

Contxto – Toronto-based FreshBooks wants to consolidate its presence in one of Latin America’s biggest markets. Through its acquisition of Facturama, the accounting software company hopes to connect with small and medium-sized enterprises (SMEs) in Mexico. The deal was announced on Tuesday (23) and the Facturama team—including its co-founders—will now work under the FreshBooks name. […]

Contxto – Brazil continues to be a hotbed of investments in investment startups. Today (21), Ideal, a brokerage platform announced it closed R$100 million (~US$18.4 million) in a Series A led by Kaszek Ventures.  It will use the funds to scale and connect its products with retailers. [wd_hustle id=”InArticleOptin” type=”embedded”/] Ideal tailwinds Ideal isn’t a […]

Contxto – Brazil will begin rolling out its open banking regulations as of next November. And as the date rolls closer, more funding rounds for startups in open banking are being announced. Case in point is São Paulo-based fintech Quanto who this week disclosed it raised US$15 million. Itaú Bank and Bradesco led the investment […]