British used-car startup Cazoo raises €263 million, bringing total funding to around €494 million
This latest round takes the total funding in the two years since Cazoo was founded to around €494 million, as it continues to transform the way people buy used cars in the UK. Launched last year, Cazoo is pioneering the shift to online car buying in the UK and is now selling and delivering thousands of cars a month to customers all around the country. Consumers have rapidly embraced the transparency and convenience of buying used cars entirely online and Cazoo has already achieved revenues of around €110 million since its launch less than a year ago. Cazoo owns and fully reconditions all its cars before offering them for sale exclusively on its website. Every Cazoo car comes with a full 7-day money back guarantee and a comprehensive 90-day warranty.