Cazoo, a London, UK-based platform for people to buy used cars, raised a further £25m of pre-launch funding.
The round, which brought total funding raised to date to more than £55m, was led by existing investors including dmg ventures (the venture arm of DMGT plc), Stride.VC, Octopus Ventures and Entrée Capital.
The company intends to use the new funds to further grow the team and invest in marketing and operations.
Founded in 2018 by CEO Alex Chesterman, OBE, Cazoo provides a platform for people to buy used cars in the UK entirely online and have it delivered to them in 48 hours. In 9 months since being founded, the company has grown to over 100 employees and signed multiple strategic partnerships covering vehicle purchasing, financing and logistics.