6 years ago

Cazana Raises £1.56 Million in Crowd-fundraise, Exceeding Target by 160%

  • Cazana, a UK-based automotive AI startup, has successfully raised £1.56 million through a crowd-fundraise on Crowdcube, exceeding its target by 160%

  • The raise was led by Passion Capital, with participation from industry veterans David Hammond and Robert Diamond

  • The funding will support Cazana's global expansion, accelerate monetization of its B2B sales, and develop its growing suite of services, including the newly acquired Car & Classic website

  • Cazana's success reflects the evolving motor industry's reliance on technology for growth.

      • ProblemTechnology

      "The motor industry is opaque and lacks transparency, making it difficult for consumers to get accurate information about cars and for businesses to make informed decisions."

      Solution

      "Cazana uses AI and big data to provide consumers with real-time valuations and history information on cars, and businesses with insights to inform their lending and pricing strategies. They also offer free online car checking and valuation services."

      Covered on