Instacarro raises $10.8M in a debt and equity deal

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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

Matheus is a lawyer and a strategy consultant in Brazil. He has always been passionate about crating impact, be it through law, projects, deals, or innovation: he’s practiced Law as an attorney at Baker McKenzie, worked as an experienced hire consultant at McKinsey & Company and helped on the development of an early-stage startup.

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