What is Cazoo?
Founded in 2018 and headquartered in London, United Kingdom, Cazoo aims to transform the car buying and selling process across the UK and Europe. By enabling consumers to purchase, finance, or subscribe to vehicles entirely online, the company is disrupting traditional dealership models. Cazoo's digital-first approach offers convenience and transparency, addressing a growing consumer demand for seamless online transactions in the automotive market. The company's operational model is designed for scalability, allowing it to expand its reach and service offerings.
How much funding has Cazoo raised?
Cazoo has raised a total of $1.3B across 8 funding rounds:
Multiple Rounds
$135.9M
Multiple Rounds
$473.6M
Other Financing Round
$630M
Other Financing Round
$55M
Other Financing Round (2019): $70.4M, investors not publicly disclosed
Unspecified (2019): $32.8M led by dmg ventures, Octopus Ventures, Stride.VC, and Entrée Capital
Unspecified (2019): $32.8M supported by Mubadala Capital and General Catalyst
Unspecified (2020): $131.3M featuring General Catalyst, Mubadala Capital, Eight Roads Ventures, Octopus Ventures, CNP (Groupe Frère), Stride.VC, and DMG Ventures
Private Equity (2020): $32.8M backed by DMG Ventures, General Catalyst, and Molten
Unspecified (2020): $309.5M with participation from D1 Capital Partners, DMG ventures, Fidelity Management & Research Company, Durable Capital Partners, Mubadala Capital, General Catalyst, The Spruce House Partnership, Blackrock, Novator Systems, and L Catterton
Other Financing Round (2022): $630M led by Viking Global Investors
Other Financing Round (2022): $55M supported by BNP Paribas Bank
Key Investors in Cazoo
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. The firm deploys capital strategically to back entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
Mubadala Capital
Mubadala was established in October 2002 and is based in Abu Dhabi, United Arab Emirates. Mubadala is a global investment company with a mandate to create sustainable financial returns, furthering the company's shareholder objective of a globally integrated and diversified economy.
Octopus Ventures
Octopus Investments is the UK's largest provider of specialist tax-efficient investments, focusing on VCTs (Venture Capital Trusts) and inheritance tax solutions. They cater to individual investors, financial advisers, and institutional clients, helping them plan for their financial future while managing high-risk investment options.
What's next for Cazoo?
The substantial investment Cazoo has garnered indicates a strong market confidence in its disruptive business model. This capital infusion is expected to fuel further expansion across European markets, enhance its digital platform, and potentially support strategic acquisitions or partnerships. As Cazoo continues to scale, its focus will likely remain on optimizing the online car retail experience, leveraging data analytics to personalize customer journeys, and solidifying its position as a leader in the digital automotive ecosystem. The company's ability to attract major strategic investment signals its readiness for the next phase of growth and market penetration.
See full Cazoo company page
