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6 Articles
Digital platform for buying, selling and financing semi-novel cars has already granted more than US$ 1 billion to customers
The digital platform of purchase, sale, financing and service of semi-new cars, Kavak, announced on Tuesday a round of investment for 300 million dollars (mdd) led by firms such as Andreesen Horowitz, WCM Investment Management, Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac and Allen & Company LLC. Andreessen Horowitz’s support represents a vote of confidence in the transformation, profitability and regional leadership of Kavak, highlig…
Reading time approx.: 1 minutes, 28 secondsThe operation takes place in the middle of a "determining period", with almost 120,000 transactions recorded at the end of last year, with an increase of about 40% compared to 2024. Capital will be used to strengthen its balance sheet and accelerate growth initiatives. Kavak, the digital platform in the transactions of purchase, sale, financing and services of semi-new cars in Latin America and emerging…
The used car platform "Kavak" reported Tuesday that it raised $300 million in a funding round led by venture capital firm Andreessen Horowitz. Andreessen Horowitz contributed $200 million to the total raised and the round was co-directed by WCM Investment Management and included the participation of Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac and Allen & Company LLC, Kavak reported in a statement.
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