Mubadala leads $32 million funding in London-based Cazoo

UAE REPORT
Mubadala leads $32 million funding in London-based Cazoo
Mubadala leads $32 million funding in London-based Cazoo

We show you our most important and recent visitors news details Mubadala leads $32 million funding in London-based Cazoo in the following article

Hind Al Soulia - Riyadh - Source: EU-startups

Cazoo, a new platform transforming the purchase of used cars, today launches with a triple announcement. In addition to launching, Cazoo announces having raised an additional €29 million of funding, consequently breaking the record for pre-launch funding at over €90 million. Funding was led by venture capital firms General Catalyst and Mubadala Capital, and will be used to both grow the team and further invest in marketing and operations.

Cazoo, founded in 2018, aims to transform the way people buy used cars in the UK by providing better selection, transparency, convenience and peace of mind. They aim to make car buying no different than buying any other product online today, where consumers can simply and seamlessly purchase a used car entirely online and have it delivered to their door in as little as 72 hours. With no forecourts or sales people, Cazoo passes the savings on to its customers, effectively ‘Amazon-ing’ the used car market.

Cazoo is the latest venture from Alex Chesterman, who previously founded LoveFilm and Zoopla, and is set to transform how 8 million used cars are bought each year by putting the entire process online and offering home delivery, much like buying any other product today.

Continue reading this story

These were the details of the news Mubadala leads $32 million funding in London-based Cazoo for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.