Overview

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Status
Acquired by on September 5, 2011
Total Equity Funding
$53.62M in 6 Rounds from 3 Investors
Headquarters:
London
Description:
Autoquake is an e-commerce company remarketing used cars on behalf of the UK corporate fleet and leasing companies direct to consumers.
Founders:
Categories:
E-Commerce, Internet, Retail, Insurance, Automotive
Website:
http://www.autoquake.com
Social:

Company Details

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Autoquake.com is an e-commerce company that remarkets used cars on behalf of UK corporate fleet and leasing companies direct to consumers.

Autoquake.com is the UK’s leading online used car retailer and offers consumers the ability to browse and buy cars online through its website www.autoquake.com. Cars are offered at low prices with no sales people involved in the buying process. Each car goes through a 141 point inspection, is described with 40+ high resolution pictures and comes with a 7 day money back guarantee. The website provides all the information required for the customer to make an informed purchase decision from the comfort of their home. Autoquake.com also provides transparent, hassle free finance and optional home delivery.

Autoquake.com sells cars on behalf of large fleet and leasing companies. The ex-company cars are taken directly from the UK fleet operators, prepared to retail condition and sold via the Autoquake.com website. Because Autoquake.com takes out a step in the value chain, it can provide higher returns for fleets whilst still saving consumers money. Autoquake.com does this using sophisticated internet marketing tools and pricing and yield management technology adopted from other industries such as the travel industry. The company is funded by leading venture capital companies Accel Partners and Highland Capital Partners.

Funding Rounds (7) - $53.62M

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DateAmount / RoundValuationLead InvestorInvestors
Mar, 2010£6M / Undisclosed3
Mar, 2010£6M / Undisclosed2
Mar, 2010undisclosed amount / Debt Financing1
Apr, 2009£4M / Series C1
May, 2008$11.89M / Series B2
Apr, 2008£6M / Series B1
Jul, 2006$6M / Series A1

Current Team (7)

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Board Members and Advisors (4)

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Competitors (4)

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  • Aramis Inc. manufactures and markets fragrances and grooming products for men.
  • Auto-IES operates as an online automobile dealer and is based in Creuzier Le Neuf, France.
  • CarWale offers a consumer-focused site that includes content and tools for exhaustive research, pricing and marketplace information.
  • CarZen is an iPad app that helps users research and buy new cars.

Offices/Locations (1)

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  • Office

    Winchester House

    259-269 Old Marylebone Road

    London, NW1 5RA

    GBR

Past Team (3)

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Images (1)

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