We’re pleased to tell you that Autoquake.com has secured £6million of venture capital and venture debt financing. The money will be used to fund Autoquake’s ambitious growth plans for the future.
Why should you care? Because this investment will help us deliver a better service to our customers. Autoquake is about focusing on what customers want when they are buying a used car. In the past six months we’ve taken big steps forward in terms of operational excellence. We now have a great foundation and are gearing up for the next stage of growth with this new investment. We are pleased to have the continued support of Accel Partners and Highland Capital Partners behind us, providing the venture capital. We’re also delighted to welcome Kreos Capital onboard as providers of venture debt.
While Autoquake grows, we don’t intend to lose sight of what has made us the UK’s largest online used car retailer. We’ll still offer you cars which cost 10% less than you might pay at a traditional dealer or car supermarket. We’ll still show 40 photos of every car we stock, with no-nonsense, honest descriptions. We’ll still make it easy to buy the right used car from the comfort of your home.
Right now, more than 90% of our customers would recommend Autoquake.com to a friend or family member. With this new investment, we hope to improve that percentage even further.
