Kavak

Contxto – On October 9, 2020, the Mexican government took a break from its regularly scheduled Earth-bound matters to make an announcement that took many by surprise. Latin America was launching a unified regional Latin American and Caribbean Space Agency (ALCE, as it is known in Spanish). The landmark agreement was signed alongside Argentina, making […]

Contxto – Marcelo Ebrard, Mexico’s Secretary of External Relations, has just announced that his country signed a landmark agreement with Argentina to create the Latin American and Caribbean Space Agency (ALCE, the abbreviation of its name in Spanish). This is one large step for Latin America… and perhaps an even larger step for Latin American […]

Contxto – Used car platform Kavak the pre-owned car giant announced it reached unicorn status yesterday (30). In an interview, the startup said it reached a US$1.15 billion valuation following an investment round it closed in September.  The startup didn’t share how much the invested totaled for, only that Greenoaks Capital led it. In terms […]

Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain.  It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]

Contxto – Tech companies in Latin America compete not only to obtain a larger market share and investments. Attracting and retaining the best talent is also a key ingredient to success. And this week, LinkedIn published its ranking of top startups that people want to work at in Mexico.  LinkedIn crunches through a lot of […]

Today’s Soapbox opinion was written by Eduardo Morrison, a corporate lawyer with banking experience, specialized in crypto and blockchain. Contxto – Due to its profound political and social crisis, Venezuela has seen an unprecedented migratory phenomenon in recent years. This massive outflow of people has resulted in the birth of a wave of entrepreneurs filled […]

Contxto – Today (26), we witnessed the birth of Latin America’s largest used car retailer. In an announcement forwarded early to Contxto, we can now confirm that Kavak and Checkars are to fuse. Checkars, now to become Mexican Kavak’s Argentine subsidiary, will receive a US$10 million investment to expand the operation, hire 300 new employees, […]

Contxto – Startup Worky has been working hard so HR departments work less. But it wants to take its all-in-one platform to the next level. That’s why it recently raised equity capital for US$3 million through QED Investors and LEAP Global Partners. “We’ll be using the funds to expand our tech and product team so […]

Contxto – After delisting from the stock exchange in Australia, Latam Autos raised an investment for AUD$5.1 million (about US$3.5 million). The Mexico-based business told Contxto that its previous shareholders (now angel investors) and an undisclosed Australian fund pitched the money. That’s right, it’s an online classifieds portal with headquarters in Mexico, operations in five […]

Contxto – A global pandemic isn’t putting the brakes on Kavak, a platform for used cars. In fact, the Mexican startup has recently launched a series of products that address the current circumstances and turn them into promising opportunities. It even opened offices in Guadalajara, Mexico. Car sales on hold? It’s easy to assume that […]