Sunday, April 27, 2008

Autoquake, a U.K.-based online retailer of used cars, has closed a Gbp6 million ($11.8 million) second round of venture capital funding

What Company Is Offering:
Autoquake offers you a better way to buy a used car. No stress, no hassle - just great service and low, low prices.

Because Autoquake is an online service, there are no showrooms to pay for, or salesman waiting to take their cut. That means our prices are rock-bottom. Expect to save 15%-20% over typical forecourt prices. There's no need to haggle, either - the price you see is the price you pay.

Low prices sometimes mean a no-frills approach to service. Not at Autoquake. Every car has gone through a comprehensive mechanical inspection before it appears online. You can take a test drive at our professional hand-over centre, buy on finance or arrange a warranty for added peace of mind, just as you would at an old-fashioned car dealer. If you want to speak to someone, our helpful staff are just a phone call away, six days a week.

How Much They Got From VCs:

Autoquake, a U.K.-based online retailer of used cars, has closed a Gbp6 million ($11.8 million) second round of venture capital funding led by Highland Capital Partners in conjunction with existing investor Accel Partners. The financing is in addition to the Gbp3 million invested by Accel Partners in the summer of 2006.
More at:http://www.autoquake.com/

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