Total amount raised
$2.2 Billion
Latest funding date
9/1/2023
Location
Cazoo has successfully raised funding over 10 rounds, with the latest being a Post-IPO Debt round. The company is backed by 34 investors, including notable names like Mubadala and D1 Capital Partners.
Keep reading to explore the intricacies of Cazoo's fundraising journey and the investors backing this innovative platform.
What Is Cazoo?
Cazoo is an online used car marketplace based in London, England, United Kingdom. The company operates in the automotive, e-commerce, and marketplace industries, aiming to transform the way people buy, finance, or rent used cars. It has been acquired by Motors.co.uk and is a public company with the stock symbol OTC:CZOOF.
Founded by Alex Chesterman, Cazoo employs between 101-250 people. The platform offers a wide range of vehicles from over 5,000 dealers nationwide, providing various tools and resources to help users find and purchase their ideal vehicle. Cazoo collaborates with multiple dealership groups to offer a diverse inventory.
How Much Funding Has Cazoo Raised?
- Seed Round
- Amount Raised: GBP 30,000,000
- Date: December 2018
- Lead Investors: Stride.VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and establish a market presence.
- Series Unknown
- Amount Raised: GBP 25,000,000
- Date: September 2019
- Lead Investors: dmg ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand inventory and enhance platform capabilities.
- Series Unknown
- Amount Raised: GBP 25,000,000
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and market expansion.
- Series Unknown
- Amount Raised: GBP 100,000,000
- Date: March 2020
- Lead Investors: dmg ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series Unknown
- Amount Raised: USD 31,000,000
- Date: June 2020
- Lead Investors: Molten Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and expand services.
- Series D
- Amount Raised: GBP 240,000,000
- Date: October 2020
- Lead Investors: BlackRock, D1 Capital Partners, Fidelity, General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new European markets.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing expansion and operational needs.
- Post-IPO Equity
- Amount Raised: USD 800,000,000
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further growth and strengthen market position.
- Post-IPO Debt
- Amount Raised: USD 630,000,000
- Date: February 2022
- Lead Investors: Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and expansion in the UK and EU.
- Post-IPO Debt
- Amount Raised: USD 200,000,000
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability and support strategic initiatives.
Total Amount Raised: USD 2,056,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Mubadala
- Details: Mubadala is a global investment company with a diversified portfolio. It manages a wide range of assets and investments in the UAE and abroad.
- Investment Focus Areas: Aerospace, ICT, semiconductors, metals & mining, renewable energy, utilities.
- Notable Investments: AMD, GlobalFoundries, Emirates Global Aluminium.
- D1 Capital Partners
- Details: D1 Capital Partners is an investment firm that deploys capital in both public and private markets. It focuses on high-growth sectors and companies.
- Investment Focus Areas: Technology, media, telecommunications, consumer, healthcare, financial services, industrials.
- Notable Investments: SpaceX, Stripe, Robinhood.
- Viking Global Investors
- Details: Founded in 1999, Viking Global Investors is a global investment management firm managing over $40 billion of capital. It has offices in Greenwich, New York, Hong Kong, London, and San Francisco.
- Investment Focus Areas: General investment management across various sectors.
- Notable Investments: Not publicly disclosed.
- Stride.VC
- Details: Stride.VC is a venture capital firm that invests in early-stage startups. It focuses on companies with high growth potential.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- Molten Ventures
- Details: Molten Ventures, formerly known as Draper Esprit, is a venture capital firm that invests in high-growth technology companies. It supports companies from early to growth stages.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Cazoo?
As Cazoo looks to the future, the company is poised to capitalize on a substantial market opportunity exceeding £475 billion across the UK and EU. With a focus on expanding its digital footprint and enhancing its product offerings, Cazoo aims to capture a significant share of this market. The company's strategic objectives include increasing its inventory, improving operational efficiencies, and expanding into new European markets such as France, Germany, Italy, and Spain.
Given the vast market potential, future fundraising opportunities are likely to arise. The additional capital could support further expansion and strategic initiatives, ensuring Cazoo remains competitive in the rapidly evolving online car retail sector. However, the company may face challenges such as managing growth effectively, maintaining profitability, and ensuring compliance with various regulations across different markets.
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