General Catalyst, D1 Capital, Fidelity, and BlackRock led a $311m funding round in Cazoo.

General Catalyst, D1 Capital, Fidelity, and BlackRock led a $311m funding round in Cazoo, a developer of online used car marketplace. The round saw investment from existing investors including L Catterton, Durable Capital Partners, The Spruce House Partnership, Novator, Mubadala Capital and dmg ventures, amongst others. “Over the past few months we have seen an acceleration in the shift from offline to online car buying as UK consumers have continued to embrace our unique and market-leading proposition. This latest funding demonstrates the conviction of some of the world’s best investors in both our business model and team as well as the UK market and gives Cazoo the firepower to deliver on our plans to provide the best possible car buying experience for UK consumers,” Alex Chesterman, Cazoo Founder and CEO.