KAVAK is the online platform that offers an exceptional experience of buying and selling used cars in Mexico.
KAVAK allows you to find the ideal car you want to buy, or sell your car, from the comfort of your computer or mobile device, without leaving home.
KAVAK was founded in 2016 by Carlos Julio Garcia and Roger Laughlin. The company is headquartered in Mexico City, Mexico.
Kavak works as a vehicle buying and selling platform that facilitates processes and paperwork, generating a personalized financing and guarantees system for each client. This model was strengthened with the reconditioning of vehicles for sale to the public.
KAVAK also offers you a practical and reliable buying and selling experience in which you get the best offer to buy or sell your vehicle All KAVAK cars go through a 240 point inspection to ensure they are in perfect condition.
KAVAK is backed by Softbank, Greenoaks, DST Global, Kaszek Ventures, QED investors, General Atlantic, D1 Capital Partners, Founders Fund and others. The company raised $485M in Series D round on Apr 07, 2021. This brings KAVAK's total funding to $883.3M to date. The Series D round more than tripled the company's valuation to $4B. KAVAK was previously valued at $1.15B from the last financing raised in Sep 2020.