Instacarro raises $10.8M in a debt and equity deal

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like