All the data you need.
Exclusive-Mexico's Kavak says new funds make it second-most valuable LatAm startup
( go to the article → https://datafloq.com/read/exclusive-mexicos-kavak-says-new-funds-make-second-most-valuable-latam-startup/18029 )
By Cassandra Garrison MEXICO CITY (Reuters) - Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market. Kavak's chief executive, Carlos Garcia, told Reuters the Mexico City-based firm netted $700 million in its Series E round, making the platform second only to Brazilian fintech Nubank among the highest-valued startups in the region. (https://www.reuters.com/business/finance/buffett-backed-nubank-seek-ipo-valuation-over-554-bln-sources-2021-08-25) The injection of capital has delivered a boost to Kavak's plans to expand outside the region as a one-stop shop for browsing, purchasing and financing pre-owned cars via an app. Kavak said funding was led by U.S. venture capital firm General Catalyst, while SoftBank Group Corp, billionaire ...Read More on Datafloq
Back All Articles
advert template