Cazoo

Founded in 2018 by Alex Chesterman in London, Cazoo is a British online vehicle store.
British internet entrepreneur Alex Chesterman established Cazoo in 2018. In December of 2019, it debuted what has since become its principal business: an online marketplace for pre-owned automobiles.

In August of 2021, it merged with a special-purpose acquisition firm managed by hedge fund manager Dan Och and became publicly traded on the New York Stock Exchange despite having its headquarters in the United Kingdom. The corporation was worth $8 billion at the time of its IPO. Since then, its market value has dropped by more than 97%, prompting CEO Alex Chesterman to resign.

Launching its first foreign used-car marketplaces in Germany and France in 2021, Cazoo temporarily moved into Italy and Spain in early 2022. After announcing layoffs in the United Kingdom in June 2022, Cazoo stated in September 2022 that it would cease operations throughout the European Union, laying off all 750 of its EU employees and closing its offices in France, Germany, Italy, and Spain.

Founded: 2018
Headquarters: London, United Kingdom
Website: https://www.cazoo.co.uk/