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.
The InsurTech startup which covers the risk of non payment of invoices...
AO, the UK’s leading online-only household appliance and electrical retailer is looking discover and integrate startups with solutions that will help AO’s customers.
.jpeg)
Technology has transformed how people interact. We are on the cusp of an exciting new era in clinical communication, and a key shift in the empowerment of patients as a stakeholder in healthcare.
Exercise made fun thanks to this location-based strategy game for runners and walkers
The innovative Social Community App that's been created for those living & working with Dyslexia and ADHD...
Shuttout - The community-driven marketplace startup that's adding social value to photographs...
Dent Reality launches it's new AR wayfinding technology for shopping malls, airports, retailers and other venues, using virtual paths and arrows to help users find their way.
Aberdeen based startups and entrepreneurs take note - here's the lowdown on key startup support and help available where you are...
Here are seven kinds of educational courses that can take your abilities as an entrepreneur to the next level.
Here we’ll take a look at six ways you can get the most from your online advertising budget.
Published on: 30th January 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- AO launches Innovation Lab to integrate online retail solutions 17th Apr 2019 AO, the UK’s leading online-only household appliance and electrical retailer is looking discover and integrate startups with solutions that will help AO’s customers.
- EDP searching for startups to join the Starter Acceleration Program 8th Apr 2019 EDP, one of Europe's major electricity operators is currently looking for startups for their new EDP Starter Acceleration Program.
- United Utilities launches Innovation Lab 2.0 21st Mar 2019 Leading UK water and wastewater company United Utilities has launched its second accelerator programme to help innovative businesses grow and develop their solutions through a collaborative approach.
- Northern Ireland startups sought for upSTART 2019 21st Mar 2019 Entries are now open for upSTART, Northern Ireland’s most exciting startup pitch competition which features an all-expenses paid trip to explore the New York tech scene for the winner.
