Founded by Thor Björgólfsson, Novator focuses on investing in growth-stage companies with the capacity to transform markets across health, technology, and telecommunications.
The digital bank secured £60m from new and existing backers, bringing its total funds raised this year to £125m.
"“From the beginning, Monzo has been creating a new kind of bank that’s giving people more oversight and control over their finances than ever before.“"
The online health clinic secured backing from Novator alongside Anthemis Exponential, Vostok New Ventures, and Colle Capital.
"We are building a new kind of healthcare company that gives men simple and accessible solutions for their health and wellbeing problems,"
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."
