.shares last week, augmenting his stake of just over 23pc.
His stock purchase, disclosed in a filing with US regulators, follows a slump in the car-buying platform's shares since it went public through a merger with a New York-listed special purpose acquisition company last year. Technology companies have seen their valuations hammered in recent months amid growing fears of recession in major western economies.
Mr Chesterman's decision to invest more of the fortune he has made as a serial creator of tech unicorns in Cazoo stock may reflect a belief on his part that the company's share price slide has reached the bottom.Cazoo more than doubled the number of cars it sold in the first quarter of the year to nearly 20,000, and saw revenues soar by 159% to £295m during the same period.
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