Mexico City-based Kavak announced it has secured $300 million in Series F funding to accelerate access to car ownership, financing, and marketplace trust across Latin America and other emerging markets. The round was led by Andreessen Horowitz, with $200 million coming from its a16z Growth fund. The investment was co-led by WCM Investment Management and included participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac, and Allen & Company, among others.
The company said the financing follows a milestone year in 2025, during which it completed nearly 120,000 transactions, representing roughly 40% year-over-year growth. Kavak also achieved its first full month of consolidated global profitability in December, driven by performance in Mexico, alongside profitability milestones in Chile and the GCC. The results cap two years of operational improvements while maintaining growth.
In a letter to employees, Founder and CEO Carlos García Ottati emphasized the company’s long-term focus on expanding access to car ownership, reducing fraud and informality, and strengthening reliability and trust in the used-car category.
Kavak’s fintech division has financed more than $1 billion for customers since its inception. In the fourth quarter of 2025, the business reached an annualized run rate of approximately $600 million in customer loans, entering 2026 with fintech growth approaching 100%. The company said tailored financing options have helped expand mobility access, particularly for first-time buyers.
The company is also investing in artificial intelligence and automation to enhance speed, consistency, and efficiency. Kavak reported that AI agents now serve the majority of customer demand, with further internal workflow automation planned for 2026.
As part of its broader effort to formalize Latin America’s historically informal used-car market, Kavak has built integrated inspection, reconditioning, logistics, financing, and customer support capabilities. The company said about 5% of vehicles sold require post-sale service through its coverage programs, while approximately 1% of customers return or exchange vehicles within the return window.
Kavak is also expanding its marketplace ecosystem, enabling more than 5,000 industry partners to use its technology and infrastructure to serve customers and help reduce informality across the sector.
The company said the backing from Andreessen Horowitz marks the venture firm’s largest single-company investment in Latin America and the first regional investment from its Growth fund. The new capital will be used to strengthen Kavak’s balance sheet, expand financing capacity, advance fintech product development, scale capital markets capabilities, continue investing in AI and technology, and deepen its marketplace ecosystem.
KEY QUOTES
“Kavak exists to create real value for people. That means liquidity when someone needs to sell, access when someone needs to buy, and trust when something goes wrong. This round is fuel for that mission. We’re strengthening our balance sheet so we can keep showing up for more users through cycles, and accelerating the product and technology that make the experience faster, safer, and simpler.”
Carlos García Ottati, Founder And CEO, Kavak
“This is a16z’s largest investment in a single company in Latin America, and the first investment in the region from our Growth fund. Kavak has built a category-defining platform with a clear mission to expand access and trust in a massive market. We’re excited to partner with Carlos and the team as they continue scaling a durable, customer-first model, transforming how people buy, sell, trade, finance, service and repair one of their most valuable assets.”
David George, General Partner And Head Of The a16z Growth Fund, Andreessen Horowitz
