The pre-seed investment was led by DMG Ventures with participation from Stride Capital, Octopus Ventures and Entree Capital to fund team expansion and operational growth.
"I’m delighted to announce this investment in my latest venture, Cazoo, and am very excited by the opportunity to transform the used car buying experience, which suffers from poor satisfaction and convenience and is failing to meet the needs of consumers. Buying a car should be no different to buying any other product online today."
Foresight Group provided the capital through the Midlands Engine Investment Fund to support product prototyping and intellectual property development.
"This innovative game-changing textile manufacturing technology developed by Footfalls & Heartbeats is precisely the type of opportunity MEIF was created for, where funding from other sources is hard to come by. We look forward to seeing the Company develop and grow as we share the journey with this enthusiastic team."
Draper Esprit led the Series B financing round to support international expansion and product development.
"We are really supportive of the Form3 mission to open access to payment systems. This is much needed around the world and helps companies like N26 scale faster globally and build products their customers love to use"
The financing package was underwritten by Mercia Fund Managers and the Midlands Engine Investment Fund.
"As a clinical services-led company, C7 Health’s mantra is to work shoulder-to-shoulder with healthcare providers to deliver solutions that will benefit patients – rather than develop products that are great in theory, but fail to make a real difference."
The funding round was backed by long-term investment partner BGF.
"Bringing the two businesses together was an easy decision in our aggressive growth plan. FleetEurope has been a key business partner since 2012 and has gone from strength to strength in recent years under the guidance of Joe Howick and his experienced management team."
