Cazoo buys Munich start-up Cluno

The British unicorn Cazoo is joining forces with the start-up Cluno for an undisclosed sum. The British company wants to integrate Cluno's subscription offer.

It was only last year that the British online car dealer Cazoo became a unicorn; according to current estimates, it is worth over two billion US dollars. And Cazoo is on an expansion course: last year it bought the British car subscription provider Drover, and now the merger with its German counterpart Cluno has been announced. Both parties are keeping quiet about the purchase price.

The Munich-based start-up Cluno offers cars on a subscription model, meaning customers can rent a car for a certain number of months. "We look forward to joining forces and accelerating the digital transformation of the car buying experience across Europe," says Cluno CEO Nico Poletti. Cluno currently employs 100 people. Most recently, Peter Thiel also participated in a financing round for Cluno.

Following the successful integration of Cluno's offering, Cazoo intends to further expand its offering in Germany and Europe. The car subscription service is already planned for the UK in the coming months. CEO Alex Chesterman of Cazoo is excited about the merger: "Cluno has built a market-leading car subscription offering in Germany with thousands of loyal customers and we are delighted to welcome Nico and his team to the Cazoo family."