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, with operations in Brazil, Colombia, Argentina, Chile and Peru as well as 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 also offers its own financing through its fintech arm, Kavak Capital. The startup has more than 7K Kavakees, with 40 logistic and reconditioning hubs across 40 different nationalities.
KAVAK is backed by Softbank, Greenoaks, DST Global, Kaszek Ventures, QED investors, General Catalyst, General Atlantic, Tiger Global, HSBC, Goldman Sachs, D1 Capital, Founders Fund, Santander, and others. The company raised $810M in debt financing on Sep 20, 2022. This brings KAVAK's total funding to $2.4B to date. KAVAK was valued at $8.7B in its previous Series E round in Sep 2021.