There are hard problems, then there’s building a profitable used-car marketplace in a developing market. But the Kavak team has the rare trait of running towards hard problems, and we’re excited to lead their Series F as they continue enabling fair, transparent, and secure auto ownership for millions of people across Latin America and beyond. When Carlos and the team set out to transform the used-vehicle market in the region, much of the necessary infrastructure just didn’t exist. So Kavak built it all, essentially starting 10+ companies in one. Ten years later, Kavak now operates profitably across Mexico, Brazil, Chile, Argentina, and the GCC region. That brings us to why we’re making our first large, late-stage investment in the region now. The depth of AI adoption across the company is unlike anything else we’ve seen, and they have rearchitected themselves to be AI-native. Combining atoms (vehicle sales) with bits (AI agents), Kavak is well positioned to be one of the big beneficiaries of the AI revolution. By @DavidGeorge83, @santiago__rdz, and @GEVS94 @carlosjgarciao