Cazoo is a UK online used-car marketplace. Founded in 2018 by Alex Chesterman, it began as a direct-to-consumer retailer that bought, refurbished and delivered used cars, and reached a $7 billion valuation when it listed on the NYSE via a SPAC merger in August 2021. Heavy losses forced a pivot to a marketplace model and the company entered administration in May 2024. MOTORS, owned by o3 Industries and Novum Capital, bought the brand in June 2024 and relaunched it as a dealer marketplace, then rebranded its entire advertising business as Cazoo in May 2026.
Cazoo has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
100-250
Total Funding
$560.5M
6 rounds
Latest Valuation
$2.6B
Oct 1, 2020
MOTORS rebranded its entire advertising business as Cazoo on 27 May 2026, consolidating onto one marketplace; legacy Motors.co.uk closes by end-2026.
Cazoo becomes the group's sole consumer marketplace brand, positioned as the main challenger to Auto Trader.
Rebranded Motors' whole advertising business under the Cazoo name (eff. 2026-05-27), closing legacy Motors.co.uk site by year-end.
Brand consolidation signals stronger post-restructuring market position for the surviving Cazoo entity.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $560.5M across 6 rounds
Last updated 10-10-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Oct 1, 2020 | Series D | £240M | $2.6B | General Catalyst, D1 Capital Partners, Fidelity Management & Research Company +1 more |
| Jun 23, 2020 | Series C | £25M | $1B | Draper Esprit |
| Mar 23, 2020 | Series B TechCrunch | £100M | — | DMG Ventures |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Seed Extension
$220M
Sep 2019
Cazoo today
$2.6B
Oct 2020 · latest mark
Cazoo multiple
11.8x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Barry Judge
Chief Executive Officer
Nick Moodie
Chief Financial Officer
Brook Bishop
Chief Commercial Officer
Thomas Orthgiess
Chief Product Officer
Lucy Tugby
Chief Marketing Officer
Alex Chesterman
Founder & Former CEO
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Vroom
US-based online used car retailer enabling customers to buy, finance, and trade in used vehicles entirely online.
Carvana
US online used car retailer with vending machine locations, founded 2012.
Autotrader
Leading online marketplace for buying and selling new and used cars in US and UK, founded 1997.
CarGurus
Online car shopping platform providing used car listings and marketplace services.
Cars.com
Online classifieds and marketplace for buying and selling used and new vehicles.
CarMax
Large-scale used car retailer with physical locations and online presence.
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