Cazoo buys Munich-based start-up Cluno

Lisa Marie Münster Lisa Marie Münster | 23.02.2021

UK unicorn Cazoo is joining forces with startup Cluno for an undisclosed sum. The U.K. company plans to integrate Cluno's subscription offering.

It was only last year that British online car retailer Cazoo rose to unicorn status, with current estimates putting its value at over two billion US dollars. And Cazoo is on an expansion course: last year it bought the British subscription provider for cars Drover, now the merger with the German counterpart Cluno was announced. Both parties are keeping quiet about the purchase price.

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

Following the successful integration of Cluno's offering, Cazoo is looking to further expand its offering in Germany and Europe. Car subscription services are 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're delighted to welcome Nico and his team to the Cazoo family."


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Startup 2017 München Cluno All-in-one car rental subscription for a monthly fee.

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