Brazilian used vehicles marketplace Instacarro raised $10.8M in a mix of debt and equity from Fasanara Capital, J Ventures, FJ Labs, and Rise Capital. Bamboo led the debt part of the deal.
“We plan to expand our financial arm and the dealer-to-dealer platform, while accelerating growth,” said Luca Cafici, Instacarro’s Founder and CEO.
Instacarro is a marketplace that facilitates vehicle sales within 24 hours, It also has a dealer-to-dealer platform for inventory management and offers financing for resellers, allowing installment purchases.
Founded in 2015, Instacarro manages over 8,000 monthly transactions, and customers have transacted over $396M on its platform to date.
Read more on Startupi and Pipeline Valor
