Stay up to date on our entrepreneurs, events, research and more. Check out our October newsletter here.
Kaszek Ventures, run by Endeavor Entrepreneurs Nicolas Szekasy and Hernán Kazah (co-founders of MercadoLibre along with Marcos Galperin) recently raised $135 million in a second round fund. Despite recent headlines discussing the turbulence in emerging markets, the substantial funding round shows promise for the region’s continual growth and investment opportunities.
The new fund’s investors include firms Horsley Bridge Partners, Sequoia Heritage and Kevin Efrusy, the partner at Accel Partners responsible for its early investment in Facebook. According to coverage in the New York Times, of the 22 companies that Kaszek has invested in, 17 have raised at least one subsequent financing round and 11 of those brought in new investors.
Nicolas, Hernán and Marcos were among the first entrepreneurs to be selected into the Endeavor network in 1999, and have subsequently become one of the Endeavor’s greatest success stories with MercadoLibre. Known as the eBay of Latin America, MercadoLibre was the first company in the Endeavor portfolio to have an IPO in the U.S., opening on the NASDAQ at $400 million in 2007. The entrepreneurs received a number of Endeavor services in their early stages, including placement with the eMBA Program, financial consulting, and connections with eBay, which acquired a stake in the company in 2002. Subsequently, Nicolas, Hernán and Marcos have fulfilled Endeavor’s model by giving back to the organization, serving on Global Advisory Boards and as panelists and mentors.
Read the full article in New York Times’ Dealbook by clicking here.
© 2015 Endeavor Global, Inc.
All Rights Reserved
Endeavor Global, Inc.
900 Broadway, Suite 301
New York, NY 10003
1 (212) 352-3200
Site by #BRITEWEB