The used car marketplace has achieved unicorn status after raising $31.3m in funding from investors including existing backer DMG Ventures.

Cazoo, a UK-based online marketplace for used vehicles, received £25m ($31.3m) in funding yesterday from investors including DMG Ventures, the corporate venturing unit for media group Daily Mail and General Trust. Draper Esprit led the round, which included fellow venture capital firm General Catalyst. The deal valued Cazoo at more than $1bn, making it the…

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