UK’s Autoquake raises £6m


Autoquake, the online used car dealer in the United Kingdom, has announced that they’ve secured £6 million in Venture Capital from Accel Partners and Highland Capital Partners, bringing Autoquake’s total funding to £20 million, or $30 million USD.

Autoquake launched in 2005 and is one of the leading online used car retailers, where it usually acquires fleets of used cars from corporations such as rental agencies, and sells them in virtual showrooms. They expect to sell 15,000 cars in 2010.

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