Local entrepreneurs Daniel and Connah O'Toole lead the seed round, taking a majority stake as UpriseVSI rebrands to Flex Systems.
"Innovation is a core value of our business and, in 2016 we started the investment in developing a technology platform that would ensure that RMS remained at the forefront of its industry."
The financing round was led by General Catalyst alongside several other prominent institutional investors.
"Over the past few months we have seen an acceleration in the shift from offline to online car buying as UK consumers have continued to embrace our unique and market-leading proposition. This latest funding demonstrates the conviction of some of the world’s best investors in both our business model and team as well as the UK market and gives Cazoo the firepower to deliver on our plans to provide the best possible car buying experience for UK consumers."
The company has raised funding from industry heavyweights Paul Cooper and Tim Brown to support product development and revenue growth.
"Programmai has built a product that provides a significant cost advantage to clients at a time when companies desperately need to improve marketing efficiency. Dean has assembled a first class team and I am delighted to be joining them on the journey."