Cazoo sells £465m stake to accelerate European expansion

Cazoo Raises $630M From Group Led by Viking Global Investors

Britain's fastest unicorn Cazoo drives $630M, targets 200% revenue growth and 100,000 used car sales in 2022 — TFN

Cazoo, a UK-based online car retailer, has secured a £465 million investment from a group led by Viking Global. The funding will be used to accelerate Cazoo's growth in the UK and expansion into Europe. The company has already launched in France and Germany and acquired Swipcar in Spain and Brumbrum in Italy. Cazoo's revenue surged 300% year-on-year in 2021, reaching £665 million. The company aims to capture a significant share of the £475 billion used car marketplace.

Cazoo Raises £465 Million to Fuel European Expansion

Cazoo is a UK-founded online car retailer that offers a seamless and transparent car buying and selling experience. The company provides a wide selection of used cars, with a focus on quality and affordability. Cazoo offers a convenient online platform where customers can browse, finance, and purchase cars, with the option for home delivery or collection from one of its retail centers. The company has expanded its operations to several European markets, including France, Germany, Spain, and Italy.

Cazoo is a UK-founded online car retailer offering a seamless and transparent car buying and selling experience.

4 years ago

Cazoo Raises £465 Million to Fuel European Expansion

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