6 years ago

Cazoo Raises Over €90 Million in Pre-Launch Funding to Transform Used Car Buying

  • Cazoo, a new online platform for buying used cars, has launched in the UK and raised over €90 million in pre-launch funding

  • The funding was led by General Catalyst and Mubadala Capital and will be used to grow the team and invest in marketing and operations

  • Cazoo aims to make car buying as simple and convenient as buying any other product online, with customers able to purchase or finance a car entirely online and have it delivered to their door in as little as 72 hours

  • The company offers a 7-day money-back guarantee and a thorough 150-point inspection on all cars.

      • ProblemTechnology

      "buying a used car is a time-consuming and stressful process, involving haggling, travelling to dealerships, and potentially facing buyer's remorse."

      Solution

      "Cazoo offers a convenient and transparent online platform for buying used cars, allowing customers to browse, purchase, finance, and have their car delivered to their door within 72 hours. They also offer a 7-day money-back guarantee and a thorough 150-point inspection on all cars."

      Covered on