Cazana looks to drive business forward with £1m fundraise
by Startacus Admin
Automotive fintech, AI and data company Cazana looks to drive the business further forward with a £1m crowd fundraise to support expansion into the US market.
Cazana provides automotive insights for the future of vehicle ownership. Using big data and predictive analytics, Cazana analyses millions of automotive transactions daily to 
assess the value and risk associated with every vehicle on the road.
Used by manufacturers, finance companies, dealerships and insurers globally, companies use Cazana's data to provide vehicles to the modern automotive consumer who wants to access, not own vehicles. The startup, which launched in 2013, uses AI and big data to provide customers with information on modern and classic cars, is predicted to hit £22 million in revenue by 2022 and is currently the busiest car checking service in the UK used by over 1 million consumers every month who are in the market.
Now they are looking to raise £1m via crowdcube, to support the global expansion of the business, as well as accelerating monetisation of Cazana’s B2B sales. It will also be used to develop Cazana’s growing suite of services, including the newly acquired Car & Classic website.
Cazana also offers free online car checking and valuation services for customers, allowing them to access real-time values of vehicles along with previously unseen history information. Their database, which covers every car on the road, also provides insights to businesses to inform their lending and pricing strategy. The Financial Ombudsman also recommend the use of Cazana for insurance total loss valuations with many of the UK’s motor insurers now benefiting from Cazana’s accurate, whole market valuations.
The acquisition of Car & Classic in 2018 also enabled Cazana to pool two powerful digital motoring databases. Car & Classic is Europe’s largest classic car community as well as the world’s largest classified website for classic cars, facilitating the sale of more than 480 million classic cars in 2018. This latest round of finance aims to boost the reach of both platforms.
Interested in this automobile focused startup? You might also want to read up on:
LeaseFetcher - Car leasing made easy, thanks to this comparison website startup.
Drover - the startup that offers all inclusive car subscriptions for everyday and private hire drivers across the UK.
Zebra Fuel - an innovative app that delivers diesel directly to your car.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Artificial intelligence platform Ricochet is on an AI mission to find new business leads that fit the needs of your company.
From understanding more about how a business can invoice effectively to avoid late payments, to what debt recovery means, to how to take legal action against overdue debt.
The challenges of working with a business partner or another co-founder, as told by 12 of the UK’s top startup co-founders
This February 12th & 13th, global pre-accelerator program Startup Boost, will host a virtual demo day from their 'Fall programs' in Detroit, Dublin, Los Angeles, and New York.
Minute is an app that allows you to watch quality short films, tailored to the time that you have available. We took a look at this early-stage startup with a big vision.
Migrants are gonna surround us, With ideas! We take a look at Startup Weekend Dublin immigration...
Five reasons why every business could consider investing in coaching for their sales team.
The FinTech and PropTech startup which rewards tenants with improved credit for on-time rent payments...
.png)
SportTech Belfast startup Pitchbooking, secures £250k investment to help become the market leader in sports facility management.
From understanding more about supplier and business customer negotiations, to contracts, understanding heads of terms, to what should be included in a terms of contract.
Published on: 30th January 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Weekend Dublin immigration aims to builds ideas not borders 7th Feb 2019 Migrants are gonna surround us, With ideas! We take a look at Startup Weekend Dublin immigration...
- Sports facility management platform Pitchbooking nets £250k investment 6th Feb 2019 SportTech Belfast startup Pitchbooking, secures £250k investment to help become the market leader in sports facility management.
- Too Good To Go raises further €6m to keep fighting food waste everywhere 6th Feb 2019 Fast growing tech for good app Too Good To Go raises a further €6 million to accelerate its mission to eliminate food waste globally, taking its total investment to €16m.
- Google+ for consumers shuts down 2nd April 1st Feb 2019 Goodbye Google+. The end date for Google+ for consumers (personal) has been announced as the 2nd April 2019. So what....now?
