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New Deal


Announced

Completed

General Catalyst led a $700m Series E round in Kavak.

Financials

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Transaction Value£512m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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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

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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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