Cazoo raised a further £240 million in a round led by General Catalyst, D1 Capital Partners and funds managed by Fidelity and Blackrock.

United Kingdom United States Investments 01 October 2020
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Cazoo, a London, UK-based operator of a marketplace for used cars, announced securing a £240 million investment round.

The money was provided by investors led by General Catalyst, D1 Capital Partners and funds managed by Fidelity and Blackrock alongside other new and existing investors including L Catterton, Durable Capital Partners, The Spruce House Partnership, Novator, Mubadala Capital and dmg ventures.

Proceeds will be used for accelerating the growth. The company also recently acquired Imperial Car Supermarkets, one of the largest independent used car retailers in the UK.

Cazoo, founded in 2018 by by Alex Chesterman, aims to make buying a car online as easy as possible, by helping buyers get their vehicles in front of their doors in as little as 72 hours. The company, which claims to deliver thousands of cars a month all across the UK, generates £100 million in revenues.