Cazoo, one of the UK’s fastest growing technology businesses, announced that it has raised a further £240m of funding. This latest round takes the total funding in the two years since the company was founded to a record-setting £450m.
Cazoo has already achieved revenues of over £100m since its launch less than a year ago, another UK record.
Latest backers are led by General Catalyst, D1 Capital Partners and funds managed by Fidelity Management & Research Company and Blackrock alongside other new and existing investors including L Catterton, Durable Capital Partners, The Spruce House Partnership, Novator, Mubadala Capital and dmg ventures, amongst others.
Cazoo owns and fully reconditions all its cars before offering them for sale exclusively on its website. It lists thousands of cars in stock at any time, all stored centrally in the Midlands and available for either home delivery anywhere in the UK or collection from one of its Cazoo Customer Centres.