[])-[])). Cazoo has raised a total of over £180m since being founded less than 18 months ago, a record for any UK start up in its first year of operation. ROUND. $31M. - All rights reserved. Founded just nine months ago, Cazoo has grown to over 100 employees and signed multiple strategic partnerships covering vehicle purchasing, financing, and logistics. Venture Round. “Being a successful founder is having an unshakeable resilience and relentlessness”... Accounts Receivable Intern (m/f/d) - Immediate Start. Cazoo cars must pass a thorough 150-point inspection and have been fully reconditioned before being sold. Every car comes with a 7-day money-back guarantee, destined to replace the traditional 7-minute test-drive around the block. “We are delighted to have closed this further funding round, giving us significant firepower to fuel our growth after we launch later this year,” said Alex Chesterman, founder & CEO of Cazoo. Cazoo was founded by Alex Chesterman OBE, who previously founded LoveFilm (which sold to Amazon for £200 million in 2010) and the property market with Zoopla (sold for over £2.2 billion last year).
This takes the overall funding raised by the used car startup to over £55 million (nearly €60.5 million) ahead of its launch later this year.
Cazoo, a new platform transforming the purchase of used cars, today launches with a triple announcement. Since Cazoo was founded in 2018, it has participated in 5 rounds of funding. Cazoo said it has sold “thousands” of cars since launch late last year generating £20m of revenues in its first three months. Cazoo was founded in 2018 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE. Video In addition to launching, Cazoo announces having raised an additional €29 million of funding, consequently breaking the record for pre-launch funding at over €90 million. We take away the need to travel, to haggle, to spend countless hours at a dealership and to risk any buyer’s remorse. Alex Chesterman OBE, Founder & CEO of Cazoo said: “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. Level…, 10 Netflix documentaries every entrepreneur should see, Tink, the Stockholm-based open banking startup, acquires…, In October, SaaStock will bring together companies accounting for half the global revenue of the industry (Sponsored). The UK-based startup’s mission is to make buying a used car no different to buying any other product online – allowing consumers to select from thousands of cars online and have them delivered to their door in as little as 48 hours. Press Release ‘The Social Dilemma’: Netflix’s documentary and what it…, Berlin-based Infarm raises €144 million during pandemic to…, Working on a project that uses location information? Which types of acquisition does this organization make most frequently. And if customers don’t love their car, Cazoo will collect it for free, no questions asked. Cazoo has already sold thousands of cars, delivering them to customers across every region of the UK from the tip of Cornwall to the top of Scotland and the business has generated over £20 million in revenues in its first 3 months. © Menlo Media S.L. Draper Esprit and General Catalyst are the most recent investors.

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