Money Buzz! Europa

Tag: cazoo

  • Cazoo acquires Cluno, a German car subscription service

    Cazoo acquires Cluno, a German car subscription service

    Cazoo acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum.

    Founded in 2017, Cluno offers a flexible and hassle-free alternative to car ownership, offering a choice of up to 100 makes and models.

    This ia available with a single monthly subscription fee which includes the car, maintenance, service, warranty, tax and insurance.

    The deal will enable Cazoo to launch its full proposition in Germany and across Europe giving customers the option of purchasing, financing or subscribing to thousands of cars on the platform.

    Cazoo, already one of the fastest growing businesses in Europe, plans to launch its UK subscription service in the coming months.

  • Cazoo raised another outstanding £240m of funding

    Cazoo raised another outstanding £240m of funding

    Cazoo, one of the UK’s fastest growing technology businesses, announced that it has raised a further £240m of funding. This latest round takes the total funding in the two years since the company was founded to a record-setting £450m.

    Cazoo has already achieved revenues of over £100m since its launch less than a year ago, another UK record.

    Latest backers are led by General Catalyst, D1 Capital Partners and funds managed by Fidelity Management & Research Company and Blackrock alongside other new and existing investors including L Catterton, Durable Capital Partners, The Spruce House Partnership, Novator, Mubadala Capital and dmg ventures, amongst others.

    Cazoo owns and fully reconditions all its cars before offering them for sale exclusively on its website. It lists thousands of cars in stock at any time, all stored centrally in the Midlands and available for either home delivery anywhere in the UK or collection from one of its Cazoo Customer Centres.