5 years ago

Cazoo Secures £240 Million to Accelerate Online Car Buying in the UK

  • UK-based online used car retailer Cazoo has raised £240 million in a new funding round, bringing its total funding to £450 million in two years

  • The round was led by General Catalyst, D1 Capital Partners, Fidelity Management & Research Company, and Blackrock, with participation from other investors

  • Cazoo, founded by Alex Chesterman of Zoopla and LoveFilm fame, offers a fully online car buying experience with home delivery or collection from its centers

  • The company has seen significant growth, exceeding £100 million in revenue in less than a year

  • This latest funding will support Cazoo's expansion plans and further enhance its digital platform.

      • ProblemRetail

      "Buying used cars in the UK is often an offline, inconvenient, and untransparent process."

      Solution

      "Cazoo is an online platform that offers a transparent and convenient way to buy used cars in the UK, with thousands of cars in stock, home delivery or collection options, a 7-day money-back guarantee, and a 90-day warranty."

      Covered on