Kavak secures $300 million in funding led by Andreessen Horowitz for its used car trading platform.
Kavak, a digital platform for buying, selling, financing, and servicing used cars in Latin America and emerging markets, has successfully closed a Series F funding round of $300 million. This investment was led by the prominent Silicon Valley venture capital firm Andreessen Horowitz, specifically through its a16z Growth fund, which contributed $200 million. This marks Andreessen Horowitz's largest single investment in a Latin American company and its first investment in the region since the fund's inception, following previous investments in various technology companies including Twitter.