On June 5, 2024, Kanastra, a São Paulo-based tech-driven back office for private credit funds and securitizations in Brazil, raised $21 million in Series A funding. The round was led by Kaszek, with participation from Atlantico, Valor Capital, Quona Capital, and QED Investors. Wilson Sonsini Goodrich & Rosati advised Kanastra on the transaction.
The company intends to use the funds to advance its technology and facilitate expansion.
Founded in 2022 and led by CEO Gustavo Mapeli, Kanastra combines a complete technological platform with regulatory licenses, providing credit originators and institutional investors with end-to-end automation of operations, as well as data and analytic tools for monitoring their private credit funds and securitizations. The company offers fund management, fund administration and custody for FIDCs (asset-backed private credit funds), issuance and management of securitization instruments (CRIs, CRAs, and CRs), and banking products such as escrow accounts, debt issuance and debt payment methods.
The Wilson Sonsini team that advised Kanastra on the transaction included Matt Squires, Jose Corte-Real, and Gabriela Menten.