DMG Ventures has contributed to a $308m funding round that increased Cazoo’s overall funding to some $558m and its valuation to more than $2.5bn.
Cazoo, a UK-based online marketplace for used vehicles, obtained £240m ($308m) in a funding round today featuring DMG Ventures, the corporate venturing arm of media group Daily Mail and General Trust.
General Catalyst and D1 Capital Partners co-led the round together with funds managed by Fidelity and Blackrock. The round also featured including L Catterton, Durable Capital Partners, Spruce House Partnership, Novator, Mubadala Capital and unnamed backers.
Cazoo is now valued at more than $2.5bn, according to TechCrunch, up from…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
