Kaszek Leads Round for Brazil Startup Retooling Debt Markets

  • Venture firm helps raise $21 million for Kanastra in Series A
  • Startup supplies technology for asset-backed securities funds
Kanastra founders Manuel Netto, left, and Gustavo MapeliSource: Kanastra
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Kanastra, a Brazilian startup that supplies back-office technology for asset-backed securities funds, raised $21 million in a Series A round led by Kaszek, the largest Latin American-based venture capital firm.

The round follows an earlier seed investment of $13 million co-led by Valor Capital and Quona Capital, along with QED and other investors.