The used car marketplace has achieved unicorn status after raising $31.3m in funding from investors including existing backer DMG Ventures.
Cazoo, a UK-based online marketplace for used vehicles, received £25m ($31.3m) in funding yesterday from investors including DMG Ventures, the corporate venturing unit for media group Daily Mail and General Trust.
Draper Esprit led the round, which included fellow venture capital firm General Catalyst. The deal valued Cazoo at more than $1bn, making it the fastest British business to ever reach unicorn status, the company claimed.
Founded in 2018, Cazoo runs an online dealership that enables customers to purchase used…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
