Kaszek Leads Round for Brazil Startup Retooling Debt Markets (1)

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.

Kanastra has grown 10-fold in the past year and is vying to be the go-to product for the 1 trillion reais ($189 billion) asset-backed funds and securities market in Brazil, co-founder and Chief Executive Officer Gustavo Mapeli said in an interview. After running his own ...