SoftBank and Sea took part in a round that pushed the used car marketplace's valuation to $8.7bn, and its overall funding to near $1.6bn.
Mexico-based used car marketplace Kavak has raised $700m in a series E round featuring telecommunications and internet group SoftBank and consumer internet company Sea, Reuters reported today.
The round, which more than doubled the company’s valuation to $8.7bn, included General Catalyst, Founders Fund, Tiger Global Management, D1 Capital Partners, Ribbit Capital and Spruce House.
Kavak operates an online platform for users to buy and sell their vehicles. Beginning in Mexico, the company has since expanded into the Brazilian and Argentinian…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
