Kavak announces USD$300 Million Series F led by Andreessen Horowitz to Expand Access, Trust, and Financing Across Latin America

Mexico City, February 17, 2026 — Kavak, the leading digital platform for buying, selling, financing, and servicing used cars in Latin America and emerging markets, today announced a USD$300 million investment round led by Andreessen Horowitz, with a total of USD$200 million contributed by its a16z Growth fund. The round was co-led by WCM Investment Management and also includes participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac, and Allen & Company LLC, among others.

The investment follows a milestone period for Kavak. The company ended 2025 with nearly 120,000 transactions, growing roughly 40% year over year, and achieved its first full month of consolidated global profitability in December, led by Mexico, with key profitability milestones reached in Chile and the GCC. These results reflect two years of meaningful operational improvements while continuing to scale.

In a letter shared with employees earlier today, Kavak Founder and CEO Carlos García Ottati highlighted the company’s focus on long-term value creation for customers: expanding access to car ownership, reducing fraud and informality, and improving the reliability and trust consumers can expect from the used-car category.

“Kavak exists to create real value for people,” said Carlos. “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.”

Expanding access through financing and technology

Kavak’s fintech business has financed more than USD$1B for customers since inception. In the fourth quarter of 2025, the company reached an annualized pace of approximately USD$600M in customer loans, entering 2026 with fintech growing close to 100%. Financing helps customers purchase the right vehicle with terms tailored to their needs, expanding access to mobility and enabling more first-time buyers.

Kavak is also investing heavily in technology to raise the standard of trust in the category. The company has advanced its use of AI to serve the majority of customer demand through AI agents and is working to automate internal workflows further in 2026 to improve speed, consistency, and efficiency—while maintaining quality.

Raising the standard for trust, quality, and responsibility

The used-car category in Latin America has historically been highly informal, driving fraud and poor customer experiences. Kavak has focused on formalizing the market with inspection, reconditioning, logistics, and financing capabilities that reduce risk for consumers and improve accountability when issues arise. Today, only about 5% of vehicles sold require post sale services through Kavak’s coverage programs, and approximately 1% of customers decide to return or exchange their vehicle during the return window—metrics that reflect improving quality and a commitment to “showing up” for customers.

Kavak is also expanding its marketplace ecosystem, enabling more than 5,000 industry partners to leverage its technology and capabilities to serve customers and help reduce informality across the broader market.

a16z Growth partnership

The backing of Andreessen Horowitz—one of the most influential investors behind category-defining technology companies globally—marks a defining endorsement of Kavak’s transformation, profitability, and regional leadership. Securing its largest investment in Latin America positions Kavak among a rare group of scaled tech platforms emerging from the region with the fundamentals, governance, and ambition to compete at global standards.

"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," said David George, General Partner and head of the a16z Growth fund. "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."

Use of proceeds

The new capital will be used to strengthen Kavak’s balance sheet and to accelerate growth initiatives, including expanding financing capacity and fintech product development, scaling capital markets capabilities, continuing investment in technology, AI, and operational excellence, and deepening the marketplace ecosystem to help formalize the category.

The completion of the transaction is subject to customary closing conditions and applicable regulatory approvals.

About Kavak

Kavak is a digital platform transforming the way people buy, sell, finance, and service cars. By combining technology, data, inspection and reconditioning, logistics, financing, and customer support, Kavak aims to make car ownership more accessible, transparent, and trustworthy across Latin America and select international markets.