Kavak runs an online marketplace where people can buy, sell, and finance used cars, aiming to fix a used-car market in Latin America that has traditionally run on informal, hard-to-trust private sales. The company inspects and reconditions every car it sells, offers financing so buyers don't need to pay upfront in cash, and handles the paperwork that normally makes buying a used car a hassle. It operates across Latin America and has expanded into the Middle East.
The company has raised USD $300 million in a Series F round led by Andreessen Horowitz Growth (contributing USD $200 million of the round), with participation from WCM Investment Management, Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac, and Allen & Company LLC.
