5 years ago

Cazoo Achieves Unicorn Status with £25 Million Series C Funding

  • Cazoo, a UK-based online car retailer, has raised £25 million in a Series C funding round, pushing its valuation over $1 billion and achieving unicorn status

  • The round was led by Draper Esprit, with participation from existing investors DMG Ventures and General Catalyst

  • This brings Cazoo's total funding to over £200 million

  • The company, founded 18 months ago, offers a fully online car buying experience, including purchase, financing, and delivery

      • ProblemTechnology

      "Buying a used car is a time-consuming and stressful process, often involving haggling with dealerships, lengthy inspections, and unreliable information."

      Solution

      "Cazoo offers a seamless online experience for buying used cars, allowing customers to browse a wide selection, get instant financing, and have the car delivered to their door within 72 hours. All cars are fully reconditioned and come with a warranty and roadside assistance."

      Covered on