Back in 2016, Mountain Nazca had led a US$3 million round in Kavak. Meanwhile, Japanese SoftBank and General Atlantic joined the investors’ table last year. Just how much these VCs chipped into Kavak back then has yet to be disclosed.
Ultimately, these events appear to be successful exits for Mountain Nazca. But given how the 2020 economic downturn is looking, it won’t be easy (for anyone) in coming months.
Mountain Nazca still has things to do
After working with Kavak’s founders for four years, saying goodbye is probably a moment of nostalgia. But there are plenty of interesting companies left in Mountain Nazca’s portfolio that due to the coronavirus (Covid-19) pandemic, are likely keeping it very busy.
Either way, parting is such sweet sorrow. Fortunately, Mountain Nazca and its backers have their exit money as a consolation prize.
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