Cazoo has achieved unicorn status with over £200 million raised, led by a recent £25 million funding round from Draper Esprit, as it continues to revolutionize the online used car buying experience in the UK.

Target Company Overview

Cazoo, the fastest growing digital platform in the United Kingdom, is revolutionizing the purchase of used cars by providing a seamless online experience. Founded by serial entrepreneur Alex Chesterman just 18 months ago, Cazoo has reached an impressive valuation exceeding $1 billion in record time, solidifying its status as one of the UK's few unicorns. Having launched its services only six months prior, Cazoo has quickly established itself as a leader in the online car retailing sector, facilitating the sale and delivery of thousands of vehicles across the UK.

The innovative platform allows customers to buy used cars online, with convenient delivery to their homes in as little as 72 hours. Cazoo not only assures quality by fully reconditioning all vehicles but also offers a consumer-friendly experience with features such as free delivery and a 7-day money-back guarantee, further contributing to its rapid growth and popularity among buyers.

Industry Overview in the UK

The UK used car market has been undergoing significant transformation, driven by digital innovation and changing consumer behaviors. The demand for online car buying has surged, especially in a post-pandemic landscape wh