Autoquake Gets Another £6m Investment From Its Backers

Tuesday, March 9th, 2010

Mike Butcher is a journalist, broadcaster and commentator. He is firstly editor of TechCrunch Europe, but has also co-founded TechHub.com and Coadec.com in Europe as ventures to support the tech startup eco-system. A long time journalist, Mike has written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman.... → Learn More

Autoquake, an online used car retailer in the UK, has raised another £6 million round of venture capital and venture debt financing from existing investors Accel Partners and Highland Capital Partners. The debt is being provided by Kreos Capital. This is after raising £4m from Accel and Highland only last year. That takes its total funding so far to £20 million. The money will be used to expand internationally.

Autoquake’s plan is to disrupt the car retail industry by selling quality used cars on behalf of large corporate fleets and leasing companies direct to consumers via virtual showrooms. High quality pictures of the actual cars on sale appear instead of the usual fuzzy pictures on the average second hand advert.

Tags:

Sponsored Ads

blog comments powered by Disqus

Sponsored Ads

Sponsored Ads