The SoftBank-backed used car marketplace more than tripled its valuation to $4bn in seven months, with D1 Capital Partners leading the round.
Kavak, a Mexico-based used car marketplace platform backed by internet and telecommunications group SoftBank, has raised $485m of series D funding at a $4bn valuation, TechCrunch reported yesterday.
Investment firm D1 Capital Partners led the round, which also featured venture capital firms Founders Fund, Ribbit Capital and Bond.
Founded in 2016, Kavak has built an online platform that lets users buy and sell used cars in Mexico, Argentina and Brazil. It also offers financing through subsidiary Kavak Capital and carries…
