Second-hand car retailer Autoquake.com has closed a £6 million round of venture capital and venture debt financing.

Second-hand car retailer Autoquake.com has closed a £6 million round of venture capital and venture debt financing.

The equity element is from Accel Partners and Highland Capital Partners, with the debt provided by Kreos Capital.

The fundraising follows the appointment last autumn of former Expedia president Dermot Halpin as Autoquake’s CEO.

Autoquake sells ex-fleet and leasing company cars directly to consumers, and claims to be able to offer prices that are more than 10 per cent cheaper than traditional dealers and car supermarkets.