Tempcover partner secures £100m additional funding

Online car retailer and Tempcover partner Cazoo, which has risen to prominence in recent weeks with the launch of its national TV advertising campaign, has secured an additional £100m in funding despite the challenging economic climate.

The company is disrupting the used car market by providing an entirely digital platform which enables people to purchase a used car that comes standard with a free 7-day driveaway insurance policy from Tempcover, which perfectly complements Cazoo’s business model of the seamless online user experience.

Cazoo’s total funding now stands at £180 million since its establishment in 2018, enabling it to continue its unique retail offering where it owns and fully reconditions all its cars, which can be delivered in 72 hours and also come standard with a 7-day money-back guarantee, free comprehensive 90-day warranty, and roadside assistance. To find out more visit www.cazoo.co.uk

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