Latin America's Biggest VC Fund Raises $2B for Climate Tech Investments

Brazil's Kaszek Ventures closes a $2 billion climate technology fund, the largest ever raised in Latin America, targeting clean energy, sustainable agriculture, and carbon capture startups.

Venture Capital · Latin America · 2026-02-20 · 2 min read · By John Awab

Kaszek Ventures, Latin America's most prominent venture capital firm, has closed a $2 billion fund dedicated exclusively to climate technology investments in the region. The fund, named Kaszek Climate Partners, is the largest climate-focused venture fund ever raised in Latin America.

The fund will target startups across the full spectrum of climate technology, including clean energy generation and storage, sustainable agriculture, carbon capture and sequestration, circular economy solutions, and climate adaptation technologies.

Partners Hernan Kazah and Nicolas Szekasy emphasized Latin America's unique position: "Latin America has the world's largest tropical forests, some of the best solar and wind resources, and rapidly growing economies that need sustainable development pathways. The region is ideally positioned to produce world-class climate tech companies."

The fund has already made initial investments in three companies: SolarFlow (Brazilian distributed solar energy), VerdeTech (Colombian sustainable packaging), and CarbonSink (Chilean direct air capture technology).

International limited partners include sovereign wealth funds from Norway and Singapore, major US endowments, and the IFC. The fund's climate impact metrics will be independently audited, with Kaszek committing to invest only in companies that can demonstrate measurable emissions reductions.

The launch reflects a growing trend of venture capital firms in emerging markets focusing on climate technology, recognizing both the enormous market opportunity and the urgent need for climate solutions in rapidly developing economies.