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.
Thinking about embarking on currency trading? Here are some basic tips that will help you do just that...
Thinking of using email marketing to promote your startup? Here are a few of the key things to consider when doing just that...
The lowdown on Fleex, the startup that helps companies provide remote employees with all they need to make working from home more comfortable
.png)
Judging panel now revealed for the LEVELUP startup pitch comp for early stage NI startups taking place at Derry & Strabane Enterprise Week - entries open until 10th April
Key speakers, panelists and sponsors announced for the LEVELUP event, taking place on 21-22 April as part of Derry & Strabane Enterprise Week
As we slowly emerge from the pandemic, here is an overview of a few of the key things that you can do to help set the foundation for a stronger year ahead
The lowdown on Leaf Envy, the startup that wants to help us all become plant parents and grow our indoor jungle of dreams...
Make sure that you have happy employees in your startup right from the beginning, by applying some of these basic tips...
"Mutt-rimonials" are on the horizon thanks to Woof Weddings, the UK's first dedicated wedding planning service for dogs
Manual secures major investment to help with product development and international expansion and its overall mission to become the global destination for men’s health
Published on: 30th January 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Huge rise in dog weddings leads Feast It and Poppy’s Picnic to launch dog wedding planning service 31st Mar 2021 "Mutt-rimonials" are on the horizon thanks to Woof Weddings, the UK's first dedicated wedding planning service for dogs
- Manual, the innovative Men’s Health platform Raises $30M Series A 31st Mar 2021 Manual secures major investment to help with product development and international expansion and its overall mission to become the global destination for men’s health
- Arbolus raises $6m for AI-driven platform that puts collaboration at the Future of Work 26th Mar 2021 The Barcelona-based startup Arbolus secures funding boost to support the development of its enterprise knowledge sharing platform and its international growth plans
- NI startup pitch competition LEVELUP opens for applications 25th Mar 2021 Interesting and innovative early-stage NI startups now being sought for the LEVELUP pitch competition at Derry and Strabane Enterprise Week
