KASZEK led a USD30m round for Xepelin, a Chilean account receivable-based lending platform for SMEs, with participation Cathay Innovation; MSA Capital, FJ Labs and Gilgamesh Ventures and follow-on from Picus Capital, Kayyak Ventures and Amarena and angel investors Carlos Garcia (Kavak), Jackie Reses (Square Capital), Ricardo Weder (Jüsto), John Curtius (Tiger Global), Hans Tung (GGV) and Gerry Giacoman (Clara). The round also included USD200 in credit facilities. Zeppelin raised USD2.5m earlier this year from Picus Capital, Chile Ventures and Amarena; Impact Ideas VC led a USD2.5m round in 2020.
LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors. LatAm- and U.S.-based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. In total over its lifetime, Xepelin has raised over $36 million in equity and $250 million in asset-backed facilities.
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