MercadoLibre SPAC Has 30 Latin America Tech Firms In Its Sights

E-commerce giant, venture capital Kaszek partner as sponsors
SPAC eyes company with valuation as low as $1 billion

Monitors display Mercado Libre and Kaszek signage at the Nasdaq MarketSite in New York on Sept. 29, 2021.Source: Nasdaq

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By Carolina Millan and Vinicius Andrade

October 1, 2021 at 6:34 PM UTC

This article is for subscribers only.

E-commerce giant MercadoLibre Inc.’s blank-check company with venture capital firm Kaszek is just getting off the ground. Already, the e-commerce giant’s executives are mulling more partnerships in the region.

MELI Kaszek Pioneer Corp. raised $287 million in an offering that closed Friday. The special purpose acquisition company has narrowed its potential targets down to a shortlist of 30 after considering 200 firms.