Used-car platform Cazoo raises £25 million during latest investment round
Used-car platform Cazoo has raised £25 million in its latest investment round.
With valuations in excess of $1 billion, the company has now reached unicorn status. For the latest round, Draper Esprit joined existing investors including DMG Ventures and General Catalyst.
The £25 million raise takes the total raised to date by Cazoo to over £200 million.
Alex Chesterman OBE, founder & CEO of Cazoo, commented: “We have an amazing team who are dedicated to reinventing the used car buying experience by providing the best selection, value, quality, and convenience for UK car buyers.
“Despite the current challenges many businesses are facing, Britain remains a market leader for talent and innovation and a great place to start a business.”
Cazoo was founded only 18 months ago by Alex Chesterman. The company enables consumers to buy used cars online and have them delivered directly to their door within 72 hours.