Hyperdrive
Mexican Startup Kavak Valued at $4 Billion After Latest Round
- Used car firm raised $485 million in round led by D1 Capital
- Kavak will use funds to make big push into Brazilian market
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Mexican used car startup Kavak raised a record amount of financing to fund a major expansion into Brazil and is now valued at $4 billion.
The Mexico City-based startup plans to begin operations in Brazil after the Series D funding round which raised $485 million and was led by D1 Capital Partners, Ribbit Capital, BOND and Founders Fund Management LLC.