The DMGT-backed online used car retailer increased its overall funding to more than $100m in the space of a year, raising $32.2m as it officially launched its service.

UK-based Cazoo, which is backed by media company Daily Mail and General Trust (DMGT), launched its automotive e-commerce platform yesterday with £25m ($32.2m) of new funding. Venture capital firm General Catalyst and Mubadala Capital, a vehicle for Abu Dhabi-owned investment fund Mubadala, provided the funding along with undisclosed additional participants. Cazoo’s online platform allows users…

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