Leading industry investors drive Cazana’s growth plans


Used vehicle database Cazana has received investment totaling £1.75m to continue its rapid growth, with major industry names among the backers.

Robert Diamond, former managing director of the RAC, has become a key adviser to Cazana, together with Andy Homer, the former CEO of Aviva and AXA.

Further investment has been secured from Origin Capital and Passion Capital, which was set up by investor behind the innovative mobile-only bank Monzo.

Cazana is advised by American venture capitalist Eileen Burbidge MBE, partner at Passion Capital, who also serves as HM Treasury’s special envoy for fintech companies.

The new support comes following a successful trade visit to the US, during which Cazana’s vehicle data, machine learning and AI were demonstrated to the motor trade.

It is receiving a high number of enquiries about its global vehicle database from companies looking to reduce residual value risks on used vehicles in the current volatile market.

The business is continuing to expand into the US following the investment, and will also expand into Europe from its UK base next year.

The announcement marks a major step forward for Cazana, which was founded in 2013 by Tom Wood, after he wanted to gain a better understanding of classic car prices using big data.

Since then the business has grown exponentially, and is currently the largest car search and indexing engine for used cars on sale in the UK, with more than 600,000 cars listed for sale on the website, and records of all 37 million vehicles on the road.

Cazana technology monitors every car on-sale, utilising artificial intelligence (AI) to extract vehicle insights, so motorists can track a car’s individual value with a timeline of events from its manufacture to present day.

Wood said: “The investment we have secured demonstrates the value that Cazana’s database provides both to the motor trade, and to consumers looking to purchase a used car.”