The Venture Codex

Participated · Series F · Feb 2026

Kavak operates a tech-enabled marketplace that couples vehicle inspection, reconditioning, logistics, financing and post-sale support to bring trust and liquidity to Latin America’s historically informal used-car market. Its fintech arm has originated more than $1 billion in customer loans since launch and, in Q4 2025, reached an annualized run rate of roughly $600 million with year-on-year growth nearing 100%. During 2025 the company completed nearly 120,000 transactions, a 40% increase over the prior year, and recorded its first full month of consolidated global profitability in December, buoyed by profitable operations in Mexico, Chile and the GCC. AI agents now handle the majority of customer interactions, and further workflow automation is planned for 2026. Beyond direct retail, Kavak’s ecosystem powers over 5,000 industry partners that tap its technology and infrastructure. The company’s mission centers on broadening access to car ownership, reducing fraud and enhancing trust throughout the vehicle lifecycle.