Consortium backs £100m round for Cazoo

Other investors participating in the round include General Catalyst, CNP, Mubadala Capital, Octopus Ventures, Eight Roads Ventures and Stride.VC.

Stride.VC held a final close for its debut fund Stride.VC Faction in October 2018 on £50m. The vehicle invests up to £1.5m per company, according to Unquote Data.

Cazoo said in a statement that the company is currently looking into how its vehicle fleet, which is normally used to transport newly purchased cars to its customers, could be used to deliver key supplies around the UK during the coronavirus outbreak.

Previous funding
Investors including Octopus Ventures, Entree Capital and Stride.VC backed a £30m seed round for Cazoo in December 2018.

In September 2019, DMG Ventures and investors including those from the previous round backed a £25m round for the company.

General Catalyst and Mubadala invested £25m in Cazoo in December 2019, following which the company launched its online platform. Cazoo has raised £180m in total since its foundation in 2018.

Company
Founded in 2018, Cazoo is an online marketplace that allows users to buy and finance the purchase of cars in the UK. Customers receive a seven-day money-back guarantee, as well as a 90-day warranty and roadside assistance. The company also delivers the purchased car to the buyer. Cazoo said in a statement that it has adapted its delivery process to ensure compliance with the UK government's advice on social distancing due to the coronavirus outbreak.

Since launching in December 2019, the company has generated £20m in revenues. It is based in London and has 163 employees, according to LinkedIn.

People
Cazoo – Alex Chesterman (CEO).
DMG Ventures – Manuel Lopo de Carvalho (CEO).

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