Cazoo, a London, UK-based tech platform for used car buying, raised £25m in further funding.
Investors included General Catalyst and Mubadala Capital.
The company, which has raised over £80m since being founded one year ago, intends to use the funds to grow the team and further invest in marketing and operations.
Launched by Alex Chesterman, who previously founded LoveFilm and Zoopla, Cazoo provides a platform which puts the entire process of buying used cars online and also offers home delivery. The company has launched with over 1,500 cars in stock, ranging from family SUVs to sporty hatches, including a wide range of electric vehicles. Cazoo owns all its cars and thoroughly reconditions each one to the highest standard at its 55 acre facility in the Midlands before offering them for sale.
Buyers can inspect 360-degree images from home as well as the cars features and history. Prices are fixed and customers can purchase or finance a car entirely online and have it delivered directly to home in as little as 72 hours. Every car comes with a 7-day money-back guarantee.
Cars have passed a thorough 150-point inspection and are fully reconditioned before being sold.