Taylor Wessing has advised VavaCars on its USD 37 million series C funding round.
According to Taylor Wessing, "a combination of existing and new investors participated, alongside founding investor, Vitol. The funding will be used to consolidate VavaCars’ position as Turkey's leading reseller of used cars."
VavaCars is a Turkey-based online trading platform for buying and selling used cars.
"VavaCars is proud to be a business that was born in Turkey and has successfully brought over USD 100 million in foreign direct investment to the country," VavaCars CFO Alizay Saeed commented. "This funding round will enable us to sustain our growth and continue innovating on behalf of our customers."
The Taylor Wessing team was led by London-based Partners Angus Miln and Philip Shepherd and included Associate Emily Townsend.
Taylor Wessing did not respond to our inquiry on the matter.