Founder(s): Tom Wood
Description: Cazana uses big data and predictive analytics to assess millions of automotive transactions daily to determine the value and risk associated with every vehicle on the road.
Launched in 2013, Cazana uses big data and predictive analytics, to provide automotive insights for vehicle owners and renters, analysing millions of automotive transactions daily to assess the value and risk associated with every vehicle on the road. Cazana is already used by manufacturers, finance companies, dealerships, and insurers across the globe.
Cazana also acquired the Car & Classic website, the largest classic and specialist vehicle marketplace in Europe, with over 2 million visitors monthly.
Cazana also offers free online car checking and valuation services for customers, allowing them to access the 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 company has raised £6.7 million in funding to date, including a round on Crowdcube for 1.75 million euros.
The raise was led by Passion Capital, along with industry heavyweights David Hammond and ex-RAC Managing Director Robert Diamond, with existing Cazana customers and motoring enthusiasts also investing their money in the rapidly growing business.