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Total amount raised
$2.1B
Latest funding date
2026-02-17
Location
Kavak has successfully raised funding over 9 rounds, with the latest being a Debt Financing round. The company has attracted 28 investors, including prominent names like HSBC and Goldman Sachs.
Keep reading to explore the intricacies of Kavak's fundraising journey and the investors backing this innovative platform.
Kavak has raised funding across 10 rounds totaling at least $2.05 billion in disclosed equity and debt financing, backed by investors including Andreessen Horowitz, General Catalyst, SoftBank, Founders Fund, and General Atlantic.
Keep reading to explore Kavak's fundraising journey, from a $3 million seed round in 2016 to its $300 million Series F in 2026.
What Is Kavak?
Kavak is a Mexico-based online marketplace for buying, selling, and financing pre-owned vehicles. Founded in 2016 by Carlos García Ottati, Kavak uses technology and proprietary data to create a trusted, end-to-end experience for used car transactions across Latin America. The company operates in Mexico, Brazil, Argentina, Colombia, Chile, Peru, Türkiye, UAE, and Egypt, and also runs Kuna Capital, its in-house automotive lending arm. In December 2025, Kavak recorded its first month of global profitability, and in 2025 it completed approximately 120,000 transactions — up roughly 40% year-over-year.
How Much Funding Has Kavak Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: December 2016
- Lead Investors: Nazca Ventures (formerly Mountain Nazca)
- Series A
- Amount Raised: USD 10,000,000
- Date: July 2018
- Lead Investors: Kaszek
- Series B
- Amount Raised: Undisclosed
- Date: September 2019
- Lead Investors: General Atlantic
- Other Investors: Kaszek, Greenoaks
- Series C
- Amount Raised: USD 225,000,000
- Date: October 2020
- Lead Investors: DST Global, Greenoaks
- Other Investors: SoftBank Latin America Fund
- Series D
- Amount Raised: USD 485,000,000
- Date: April 2021
- Lead Investors: D1 Capital Partners, Founders Fund, Ribbit Capital, Bond Capital
- Valuation: USD 4 billion (post-money)
- Series E
- Amount Raised: USD 700,000,000
- Date: September 2021
- Lead Investors: General Catalyst
- Other Investors: Tiger Global, Spruce House, D1 Capital Partners, SEA, Founders Fund, Ribbit Capital, SoftBank
- Valuation: USD 8.7 billion (post-money)
- Debt Financing
- Amount Raised: USD 810,000,000
- Date: September 2022
- Lead Investors: HSBC (USD 675M), Goldman Sachs (USD 100M), Santander (USD 35M)
- Private Equity (Series E Down Round)
- Amount Raised: USD 127,000,000
- Date: March–April 2025
- Lead Investors: SoftBank Latin America Fund, General Atlantic
- Valuation: USD 2.2 billion (post-money, down from USD 8.7 billion peak)
- Debt Financing
- Amount Raised: USD 400,000,000
- Date: April 2025
- Lead Investors: Goldman Sachs, HSBC
- Series F
- Amount Raised: USD 300,000,000
- Date: February 17, 2026
- Lead Investors: Andreessen Horowitz (USD 200M), WCM Investment Management
- Other Investors: Lingotto Innovation, Foxhaven Asset Management, Galdana Ventures, Stelac, Allen & Company
Total Amount Raised: At least $2.06 billion based on disclosed equity funding, plus $1.21 billion in disclosed debt financing ($810M in 2022, $400M in 2025).
Key Investors
- Andreessen Horowitz (a16z)
- Details: Led the Series F in February 2026 with USD 200 million — a16z's largest single-company investment in Latin America and the first from its Growth fund in the region.
- General Catalyst
- Details: Led the September 2021 Series E ($700M), which valued Kavak at $8.7 billion and made it the second-most valuable startup in Latin America at the time.
- SoftBank Latin America Fund
- Details: Participated in the Series C (2020) and co-led the 2025 down round alongside General Atlantic. SoftBank has been a key backer since Kavak's unicorn milestone.
- General Atlantic
- Details: Led the undisclosed Series B (2019) and co-led the 2025 down round with SoftBank. A long-standing strategic investor in Kavak.
- WCM Investment Management
- Details: Co-led the Series F in February 2026 alongside Andreessen Horowitz, contributing to the $300 million raise.
- Founders Fund
- Details: Co-led the Series D in April 2021 and participated in the Series E in September 2021.
What's Next for Kavak?
With a fresh $300 million Series F and its first month of global profitability behind it, Kavak is at an inflection point. The company is investing in its fintech arm, Kuna Capital, which reached an annualized lending pace of approximately $600 million by Q4 2025. Kavak plans to use Series F proceeds to deepen access to vehicle financing across Latin America, accelerate AI integration in its operations, and continue expanding across its current markets. An IPO has been discussed as a medium-term target as the company moves toward sustained profitability.
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