Cazoo
Auto e-commerceUK
New to Unitard
π Dead / Bankrupt
PeakΒ $8 BillionToday
~-99%
from peak
- π¦Became a unicorn2020
- πPeak valuation$8 Billion β21
- πBecame a Unitard2024
- πΈLast valuationWiped out
π₯ Raised & burned
$563M
Total raised
$255K/day
Burned Β· 6.0y alive
Funding: Crunchbase/Tracxn
Current status
Administration 2024; NYSE delisted
The rise & fall
8 moments Β· 2018β2024The key moments, with employee sentiment along the way.
2018
2018
Founded in London
Zoopla and LoveFilm founder Alex Chesterman raises a war chest to sell used cars entirely online.
Sifted
2020
2020
Joins the unicorn club
Barely two years old, the online car dealer crosses $1B after a fresh raise.
Sifted
Aug 2021
Aug 2021
The peak: ~$8B NYSE SPAC debut$8B
Lists in New York via the Ajax SPAC at a valuation near $8B β a cash-burning, logistics-heavy model priced for perfection.
Sifted
2022
2022
Deep cuts, European retreat
Slumping demand and a brutal financing environment force hundreds of job cuts and an abandoned EU expansion.
Sifted
2022β24
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews read like a love letter with a grievance attached: insiders praised the teams and the concept while blaming the top β growth chased with little control of spending, executives without automotive or logistics backgrounds β and many mourned the company as redundancies rolled on.
May 2024
May 2024
Into administration β joins the Unitard Club π
Delisted from the NYSE, the online car dealer collapses into administration, roughly 99% below its peak.
Sifted
2024
2024
The brand is sold to Motors
The Cazoo name lives on as a marketplace under online car platform Motors.
Sifted
$7.92Bof peak value erased Β· 6 years
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Cazoo was a UK online used-car retailer that listed via SPAC in 2021 at a valuation near $8B. A cash-burning, logistics-heavy model, slumping demand, and a tough financing environment forced deep cost cuts and a pivot to a marketplace before the company was delisted from the NYSE and entered administration in 2024, collapsing roughly 99% from its peak.
Source: Sifted
Founder
- Alex Chestermanfounder & CEONo public profile matched
