Kavak, the pre-owned car buying, selling, and financing platform in Latin America, has successfully completed a funding round of $300 million, led by the prominent venture capital firm Andreessen Horowitz through its a16z Growth fund, which contributed $200 million. This round also saw participation from several other notable investors, including WCM Investment Management and Lingotto Innovation.

The investment comes at a significant time for Kavak, which concluded 2025 with almost 120,000 transactions, marking a 40 percent increase compared to the previous year. This growth is reflective of Kavak's expanding market influence, particularly in Mexico, Chile, and the Middle East, which have been pivotal in driving the company's profitability.

Carlos García Ottati, founder and CEO of Kavak, emphasized that this funding will enable the company to continue its trajectory of growth and innovation in the used car market. As Kavak moves forward, this investment not only strengthens its financial standing but also positions it to capitalize on emerging market opportunities within the automotive sector in Latin America.