Cazoo secures £25m Series C funding led by Draper Esprit to scale its online car retail platform
The investment was led by Draper Esprit and pushes total funding past £200m.
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 a Series C funding round led by Draper Esprit, with participation from existing backers DMG Ventures and General Catalyst. The capital brings the company total funding to over £200m and elevates the firm to unicorn status with a valuation exceeding $1bn.
Founded by Alex Chesterman, the online car retailer delivers fully reconditioned vehicles directly to consumers across the UK. The business has scaled rapidly since its launch, offering home delivery, a 90-day warranty, and a money-back guarantee.
From the founder
"We have an amazing team who are dedicated to reinventing the used car buying experience by providing the best selection, value, quality, and convenience for UK car buyers. Despite the current challenges many businesses are facing, Britain remains a market leader for talent and innovation and a great place to start a business."
Alex Chesterman
Founder at Cazoo
