Kavak is announcing a US$300 million investment led by the American investment firm Andreessen Horowitz (a16z), which is contributing US$200 million to the Mexican pre-owned car startup's Series F funding round.
The check from Andreessen Horowitz, one of the most influential venture capital firms in Silicon Valley, is the largest ever given to a single company in Latin America and the first from its growth fund in the region.
The funding round was co-led by WCM Investment Management and also included participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac, and Allen & Company LLC, among others.
Kavak has already raised US$3.6 billion in equity and debt rounds, according to CB Insights. Investors in the Mexican startup include names like Softbank, General Atlantic, and Goldman Sachs.
In its last equity round, which took place in March 2025, Kavak raised US$127 million, in a round led by Softbank and General Atlantic.
However, at the time, its valuation fell from US$8.7 billion in 2021 to US$2.2 billion, reflecting the new conditions in the venture capital market. There is no information available regarding the closing price of this round.
The funds will be used to strengthen Kavak's balance sheet and accelerate growth initiatives, including expanding financing capacity and developing fintech products, strengthening its position in capital markets, and continuing investments in technology and artificial intelligence.
Kavak reports that its fintech company has already granted over US$1 billion in financing to clients since its inception. By 2025, it had reached approximately 120,000 transactions, representing year-over-year growth of around 40%, and achieved its first full month of consolidated global profitability in December, led by Mexico.
