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The Venture Codex

Kaszek Ventures

Aguada Park, Paraguay 2141, Piso 17, Oficina 16, Montevideo, 11800, Uruguay

Overview

Kaszek is a venture capital firm that invests in high-impact technology-based companies. The firm is industry and stage-agnostic, mainly investing in Seed, Series A, and Series B. In addition to capital, it provides first-hand expertise and insights into strategy, operational execution, team-building, growth, technology, product, networking, fundraising, and more. It was founded in 2011 and is headquartered in Buenos Aires, Sao Paulo.

Total investments
119
Lead investments
39
Investments · 12mo
18
Active investors
9

Sector focus

  • Business Development
  • FinTech
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Investment portfolio

  • TravelX

    Led · Series A · Aug 2026

    TravelX builds an AI-native post-booking revenue management platform that turns static airline inventory into continuously optimized, dynamic commercial assets. The company positions itself as the intelligence layer for next-generation airline revenue management, using AI to respond to evolving demand, operations, and customer circumstances after booking. TravelX plans to use the $45 million Series A to accelerate product innovation, expand its AI platform, and grow its global commercial presence. Kaszek led the new round—its first investment in aviation tech—with participation from Thayer Ventures. TravelX previously raised $10 million in a Series A led by BNM Capital for its blockchain technology.

  • Yuno

    Participated · Series B · Aug 2026

    Yuno provides an AI-native payments and financial services operating system that connects customers through a single API to payins, payouts, fraud prevention, KYC/KYB, and stablecoins at global scale. The platform is agnostic by design and connects to over 1,000 payment methods and 460+ integrations across 190+ countries, with intelligent routing, one-click checkout, and AI-powered fraud detection. Over the past year the company recovered more than $5 billion in otherwise-failed transaction volume, increased authorization rates by about 5%, saved customers over $500 million in processing costs, and added 150 new integrations. Global brands using Yuno include McDonald's, NetEase Games, GoFundMe, inDrive, and Rappi, and Yuno partners with providers such as dLocal and Prosa to white-label its technology. Founded in Colombia in 2022, the company is expanding its product footprint into in-person payments and agentic commerce while scaling its presence in the United States and deepening regional coverage in the Middle East.

  • Lovable

    Participated · Series C · Aug 2026

    Lovable is a vibe-coding startup that hosts 60 million projects and attracts 900 million monthly visitors. The company reported a $500 million annualized run rate in June. It offers its own in-house trained AI model in addition to frontier model options and has increased backend capacity and technical sophistication as it has scaled. Lovable signed a multiyear deal with Google Cloud, which the company says led to a fivefold increase in usage. The startup has also invested in other European startups such as Danish company Atech. Recent funding rounds have significantly increased its valuation and capital base.

  • Wonderful

    Led · Series B · May 2026

    Wonderful develops AI agents and pairs its platform with embedded teams of engineers, data specialists and former product/consulting professionals to implement integrations and shape customer strategy. The company was founded in late 2024 by Bar Winkler and Roey Lalazar and is headquartered in Tel Aviv. It expanded quickly from Israel into multiple European countries and parts of Asia and is now entering Latin America with plans to open a São Paulo office. Wonderful intends to hire about 50 people in Brazil, mainly software engineers, and Kaszek is helping with local recruitment and business development. The startup does not disclose current revenue but the CEO said the company expects to reach $100 million in top-line revenue within five quarters. Its business model is a mix of recurring technology platform revenue and implementation/consulting services embedded at enterprise customers.

  • Sofía

    Participated · Equity · May 2026

    Founded in 2018, Sofía operates as an Institución de Seguros Especializada en Salud with reinsurance backing from RGA. The company offers a unified health offering that integrates prevention programs, routine care and medical coverage, supported by proprietary technology and a digital operating model. Sofía reports more than 1,300 companies on its platform, a renewal rate above 95% and an NPS of 75. Its provider network includes over 2,000 specialist doctors and more than 400 hospitals and clinics. Sofía is investing in expanded product development, enhanced clinical accompaniment and continued application of AI in areas from clinical orientation to policy management. The company aims to deepen its competitive advantage versus traditional insurers and scale its presence among employers across Mexico.

Team