Cazoo is an online platform for buying and refurbishing quality used cars.
Cazoo’s mission is to transform the way people buy their next car in the UK and Europe.
Cazoo was founded in 2018 by Alex Chesterman. The company is headquartered in London, London. The company now operates in the largest five markets in Europe – the UK, France, Germany, Italy and Spain.
Cazoo has expanded its reconditioning capabilities, taking UK reconditioning fully in-house and grown from just one site at this time last year to 11 in-house reconditioning sites with a potential output capacity of around 250,000 units per annum.
Cazoo has also materially enhanced its product proposition. Cazoo is now the market leader in consumer car subscriptions in Europe with around 10,000 active subscribers.
Cazoo is backed by General Catalyst, DMG Ventures, D1 Capital Partners, Stride.VC, CNP, L Catterton, Durable Capital Partners, Viking Global Investors, Mubadala Capital, Octopus Ventures, Entrée Capital, and others. The company raised $630M in a convertible note financing on Feb 10, 2022. This brings Cazoo's total funding to $2B to date. Cazoo was valued at $7B from their SPAC merger on Mar 29, 2021.