Cazoo, a startup that buys in used cars and then sells them online, has raised £100 million (approx €108.3 million) funding as it seeks to accelerate the UK’s shift to online car buying.
This latest funding round was led by DMG Ventures alongside other investors, including General Catalyst, CNP (Groupe Frère), Mubadala Capital, Octopus Ventures, Eight Roads Ventures, and Stride.VC. To date, the company has raised more than £180 million (approx €195.4 million) since its inception (less than 18 months ago), a record for any UK startup in its first year of operation.