Andreessen Horowitz Backs Unicorn Kavak in $300 Million Round

Mexico-based online used car dealer Kavak raised $300 million in an equity round led by Andreessen Horowitz, according to the startup’s chief executive officer.

The Silicon Valley venture capital firm, known as a16z, invested $200 million, alongside $100 million from other investors including WCM Investment Management, which co-led the round, and Foxhaven Asset Management, Kavak CEO and co-founder Carlos Garcia Ottati said in an interview.