September 23, 2021 |
Mexican used-car platform Kavak plans to expand in international markets after raising $700 million in a Series E financing round led by US venture capital firm General Catalyst, it said in a statement on Wednesday.
"The resources from our recent capital raise are essential to accelerate our expansion in Latin America. In July we started in Brazil and now we will continue in emerging markets around the world," Kavak CEO Carlos García said in the statement.
Massachusetts-based General Catalyst le
Mexican used-car platform gets $700 mln in a Series E financing round and increases its valuation to $8.7 bln