Kavak Pulls In $300M Led by a16z in Historic LatAm Deal
Mexican used car platform Kavak scores $300M from Andreessen Horowitz in the firm's first Latin American growth bet.
Kavak, Mexico's online used car marketplace, just locked down $300 million in fresh equity funding. Andreessen Horowitz led the round — and it's a milestone for the VC giant. This marks the first time a16z's Growth fund has backed a Latin American company.
The deal adds to Kavak's already substantial war chest. The startup previously raised a massive $700 million round back in September 2021, signaling sustained investor appetite despite shifting market conditions.
Kavak's CEO confirmed the raise directly. The company operates in the used vehicle space across Latin America, tackling a market historically plagued by opacity and inefficiency.
For a16z, the investment signals a clear expansion of geographic ambition. Latin America's tech ecosystem keeps attracting heavyweight capital — and Kavak just became the Growth fund's entry ticket to the region.