In today’s show, we discuss some funding rumours, a handful of acquisitions, run a mandatory SPAC news briefing, and finish off with a pinch of policy goodness.
The ‘cars-as-a-service’ category continues to be hot like the sun. Cazoo, the high-flying UK car e-tailer, this morning announced that it has acquired Drover, a car subscription platform also based in the UK, for an undisclosed sum. Cazoo says the deal will help it expand across Europe, as market consolidation has kicked off in the […]
Last year, we published a podcast episode with a segment on how used-car marketplaces were heating up across Europe (and that was about a year before fledgling UK startup Cazoo raised money at a $1 billion valuation). Fast forward to today, and consolidation is starting. Financial services giant Société Générale this morning announced that it […]
Cazoo, the used-car sales platform, reached ‘unicorn’ status after raising a little over $31 million (£25 million) at a $1 billion+ valuation just three months ago. Today, the UK-based company is announcing that it has raised a further £240 million (€265 million) of funding at more than double the last valuation. The latest round takes […]
Cazoo, an online marketplace for buying used cars in the UK, has acquired Imperial Car Supermarkets, one of the largest independent used car retailers in the UK. Just three weeks ago, the tech company reached unicorn status, its valuation passing $1 billion after a $31 million fundraising round. The chain has 18 retail sites selling […]
This week, we talk about some of the biggest stories in European tech, like the ongoing downfall of Wirecard, a couple of big financing rounds, and Facebook’s legal trouble in Germany. Later in the show, you’ll hear an interview with Steve King, CEO of UK-based artificial intelligence technology startup Black Swan.