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

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.