The company announced on Monday the creation of the Kaszek Ventures VI and Kaszek Ventures Opportunity III funds, which together total US$ 975 million.

The Kaszek investment fund raised $975 million to invest in Latin American startups. This collection was made through the creation of the Kaszek Ventures VI and Kaszek Ventures Opportunity III funds, which together add up to this figure.

The amount is slightly less than the $1 billion Kaszek had raised in 2021 for his previous funds ($475 million and $525 million, respectively).

With the new funds, Kaszek adds US$ 3 billion divided into 6 early-stage funds and 3 more focused on more advanced opportunities.

According to Kaszek, interest in the new investment vehicles came from global investors such as “the largest and most prestigious university endowments, prominent philanthropic foundations, big-name technology investors, and renowned entrepreneurs.”

Kaszek Ventures VI will be an early-stage fund with total capital of US$540 million, the largest of its kind ever raised in the region. The focus will be on leading seed rounds, series A and B with high-impact Latin American technology companies, according to what Hernan Kazah mentioned to TechCrunch. The plan is for Ventures VI to invest in around 20 to 30 companies, with checks ranging from $500,000 to $25 million.

Kaszek Ventures Opportunity III, meanwhile, has a total capital of US$435 million for investments in more advanced stages. In this case, Kaszek expects to provide financing of US$10 million to US$50 million.

“The (Opportunity III) fund will primarily provide capital to Kaszek‘s portfolio companies that are in more advanced stages, but will also seek primary and secondary opportunities outside of Kaszek‘s portfolios,” the company explained in a statement.