Cazoo raises £25m in Series A funding from General Catalyst and Mubadala Capital to expand operations
General Catalyst and Mubadala Capital led the Series A round to support team growth and marketing efforts.
Cazoo operates an online platform for buying used cars with home delivery and collection options. The business acquires and reconditions vehicles for digital sale across the UK.
Cazoo has secured £25m in Series A funding from General Catalyst and Mubadala Capital, bringing its total capital raised to over £80m since its inception. The newly acquired funds will be directed towards team expansion alongside investments in marketing and operational capabilities.
Founded by serial entrepreneur Alex Chesterman, the company moves the used car purchasing process entirely online, offering home delivery and a 7-day money-back guarantee. The platform launched with a stock of over 1,500 reconditioned vehicles.
From the founder
"Used cars are one of the last remaining consumer markets yet to benefit from any digital transformation. Cazoo makes used car buying simple and convenient like buying any other product online today. We take away the need to travel, to haggle, to spend countless hours at a dealership and to risk any buyer’s remorse. With Cazoo, you can purchase or finance a used car entirely online, have it delivered to your door in as little as 72 hours and have 7 days to make sure it fits your lifestyle. And if you don’t love your Cazoo car, we’ll come and collect it for free."
Alex Chesterman
Founder at Cazoo
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
- 03Scale operations
