Cazoo is a UK-based online used car retailer and marketplace platform that enables consumers to buy and sell used vehicles online. The company operated as a direct-to-consumer retailer before pivoting to a dealer-focused marketplace model. Founded in 2018, Cazoo achieved a $7 billion valuation at NYSE IPO via SPAC merger in August 2021 but faced significant market challenges. After entering administration in May 2024, the company was acquired by MOTORS in June 2024 and relaunched as a marketplace platform for used car dealers.
Cazoo has been delisted
This company was publicly traded and has since been delisted.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
100-250
Total Funding
$563M
4 rounds
Latest Valuation
$7B
Aug 27, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $563M across 4 rounds
Last updated 05-08-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Aug 27, 2021 | SPAC merger Press release | $1.605B | $7B | AJAX I (Dan Och), D1 Capital Partners |
| Oct 2020 | Series C | £240M | $2.6B | General Catalyst |
| Dec 2, 2019 | Series A | £25M | — | General Catalyst, Mubadala Capital |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series C
$2.6B
Oct 2020
Cazoo today
$7B
Aug 2021 · latest mark
Cazoo multiple
2.7x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
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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