Latin American venture capital firm Kaszek Ventures has raised nearly $1B across two new funds aimed at investing in startups in the region.

The funds include $475M for Kaszek Ventures V, which will focus on early-stage investments in sectors such as fintech, healthcare, and e-commerce. The remaining $525M will go towards Kaszek Ventures Opportunity I, which will primarily focus on later-stage investments. Kaszek Ventures' portfolio includes companies such as Brazilian neobank Nubank and Colombian delivery app Rappi.

The sizable new funds could help spur innovation and growth in the Latin American startup ecosystem, particularly in sectors that have yet to be fully developed. The success of Kaszek Ventures' fundraising efforts could also attract more attention and investment to the region.

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