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Brazilian digital auto marketplace InstaCarro revs up with $23M in funding



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InstaCarro, a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding.
Notably, U.S.-based firms co-led the investment, including J Ventures, FJ Labs and Rise Capital. Spain’s All Iron Ventures and Big Sur also participated in the financing, among others. With the latest round, São Paulo-based InstaCarro has now raised more than $56 million since its 2015 inception.
As we all know, the COVID-19 pandemic led to an increase in people all over the world buying and selling things online, with cars being no exception. InstaCarro plans …

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