New tech business Cazoo has launched today with the goal to deliver better selection, value, convenience and quality to used car buyers across the UK with its online platform.

Cazoo is the latest venture from Alex Chesterman, who previously founded LoveFilm and Zoopla.

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The platform is entirely online and will serve up to 8m used cars and transform how they are purchased by offering home delivery.

Cazoo announced a further £25m of funding which brings the total raised since its inception a year ago to over £80m.

Venture capital firms General Catalyst and Mubadala Capital were part of the latest investors in the business. Additional funds will be used to grow the team and invest in marketing and operations.

Cazoo launched with over 1,500 cars in stock ranging from family SUVs to sporty hatches to a vast range of electric vehicles.

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Alex Chesterman, founder and chief executive of Cazoo said: “Used cars are one of the last remaining consumer markets yet to benefit from any digital transformation. Cazoo makes used car buying simple and convenient like buying any other product online today.

“We take away the need to travel, to haggle, to spend countless hours at a dealership and to risk any buyer’s remorse. With Cazoo, you can purchase or finance a used car entirely online, have it delivered to your door in as little as 72 hours and have 7 days to make sure it fits your lifestyle. And if you don’t love your Cazoo car, we’ll come and collect it for free,” he concluded.

Buyers can inspect quality 360-degree images from their home, as well as the cars features and history.

Prices are fixed so customers can purchase or finance a car online and have it delivered to their door within 72 hours.

Every car comes with a 7 day money back guarantee and if customers are unhappy with their car Cazoo will collect it for free.