Venture Fund Has $1 Billion Ready for Latin America Tech Rebound
- Kaszek Ventures sitting on funds it raised early this year
- Venture funding in region fell to $1.7b in the first half
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Kaszek Ventures, the largest venture capital firm based in Latin America, is sitting on $1 billion it raised early this year as it waits for new deals to materialize and for more mature companies to run low on cash and potentially accept new valuations.
After the record year in 2021 for funding of Latin American technology companies, founders were still trying to accept the tougher realities in 2022 but have now come around to the need to balance growth and profitability, Kaszek co-founder Hernan Kazah said in an interview.