Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B

24 Sep, 2021

Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
Photo by Austin Distel on Unsplash

– Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion.
– Cambridge, Massachusetts-based General Catalyst led Kavak’s Series E, which brings the company’s total raised to over $1.5 billion since its 2016 inception.
Tiger Global, Spruce House, D1, SEA, Founders Fund, Ribbit Capital, SoftBank and others also participated in the latest financing.

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