Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
Private Equity
Completed
Cross Border
Minority
Private
Friendly
Online and Social Platforms
startup
used car platform
Mexico
Venture Capital
car marketplace
Synopsis
General Catalyst led a $700m Series E round in Kavak, a Mexican used-car platform, with participation from Tiger Global, Spruce House, D1, Ribbit and SoftBank. The fresh infusion of capital will fund the company's expansion in Mexico, Brazil and other emerging markets, with a possible a move into Turkey. The new funds will also be used to boost car loans.
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