# Cazoo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cazoo

- Industry: Retail
- Headquarters: London, UK
- Website: www.cazoo.co.uk
- Total disclosed funding: $600M
- Latest round: Series D (Nov 3, 2020)
- Investors on record: 18

## About

Cazoo Limited, based in the UK, operates a pioneering online platform for buying and selling vehicles, transforming the traditional automotive retail experience for consumers and dealers with seamless digital transactions.Founded in 2018 by Alex Chesterman in London, UK, Cazoo Limited facilitates online car transactions, offering a simplified buying process. The company has completed a total of 16 deals and recently secured USD 630.00 mn in a VENTURE DEBT funding round led by Viking Global Investors, bringing the total amount raised to USD 800.00 mn with a current valuation of USD 8,000.00 mn. The most recent deal occurred on May 12, 2024, when Motors.co.uk Limited, a portfolio company of Novum Capital and O3 Industries, agreed to acquire Cazoo Limited from its investors.Cazoo operates primarily as an online platform for buying and selling cars, offering users a streamlined process that caters to both consumers and dealers across the UK. The platform allows access to a wide range of vehicles from over 5,000 dealers, featuring automatic, electric, hybrid, and nearly new cars. Customers can interact with the service through an intuitive website and mobile app, accessing vehicle specifications, pricing, and financing options. By simplifying traditional car purchasing challenges, Cazoo enhances the user experience in the automotive market, allowing transactions to be completed online without visiting physical dealerships.In 2022, Cazoo reported revenue of USD 1,530.06 mn, with an EBITDA of USD -293.34 mn. The company's revenue model arises from facilitating car sales and providing financial services through its online platform. Cazoo generates income by acting as a credit broker, referring customers to third-party financial service providers for car financing and insurance, thus creating a clear pathway for revenue accumulation.Looking ahead, Cazoo plans to leverage recent funding, particularly the VENTURE DEBT round, to enhance its operations and expand its service offerings. The acquisition by Motors.co.uk Limited is expected to strengthen mobile app functionalities and solidify Cazoo's presence in the UK market. Cazoo aims to continue innovating in the automotive space, focusing on the development of new products and expanding its operational capabilities to meet evolving consumer needs.

## Funding rounds

- Series D, Nov 3, 2020, $40M — Autotech Ventures
- Series D, Sep 30, 2020, $310M — L Catterton, General Catalyst Partners, Sapphire Ventures, Fidelity Investments, Novator, BlackRock, LocalGlobe, Octopus Investments, Spruce House Investment Management, Mubadala Capital, D1 Capital Partners, Stride, DMG Ventures, Durable Capital Partners
- Series C, Jun 24, 2020, $31M — General Catalyst Partners, DMG Ventures
- Series C, Mar 20, 2020, $117M — General Catalyst Partners, Eight Roads Ventures, Compagnie Nationale à Portefeuille, Octopus Investments, Mubadala Capital, Stride, DMG Ventures
- Series B, Nov 25, 2019, $32M — General Catalyst Partners, Mubadala Capital
- Series B, Sep 12, 2019, $31M — Entree Capital, Octopus Investments, Stride, DMG Ventures
- Series A, Nov 29, 2018, $38M — Entree Capital, Octopus Investments, Stride, DMG Ventures

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series A, Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A, Series B, Series C, Series D
- Stride (https://capitalatlas.ai/funds/stride) — Series A, Series B, Series C, Series D
- DMG Ventures (https://capitalatlas.ai/funds/dmg-ventures) — Series A, Series B, Series C, Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B, Series C, Series D
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series B, Series C, Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series C
- Compagnie Nationale à Portefeuille — Series C
- L Catterton (https://capitalatlas.ai/funds/l-catterton) — Series D
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- Novator (https://capitalatlas.ai/funds/novator) — Series D
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series D
- Spruce House Investment Management — Series D
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series D
- Durable Capital Partners — Series D
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series D