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July 16, 2006
Accel's Euro Fund Backs British eBay Used Car Powerseller
Autoquake, an eBay powerseller specialized in used cars, has raised $6M in VC from Accel's European fund, according to The Times of London.
Autoquake assists sellers in listing autos on the online auction site by taking photographs of each vehicle and writing up descriptions and specs.
The service has been getting free publicity by helping England's celebrity's hawk their used vehicles, such as famous footballer David Beckham's first trophy car (the BMW show here) on eBay - which sold for £6M.
The investment manager from Accel that closed the deal is Judy Gibbons, reports the British paper. An ex-Microsoft UK executive, Gibbons joined Accel early this year -- she has been busy getting her message out to entrepreneurs by speaking on panels and podiums at investors events and making investments in online services. We hear she was also responsible for leading the latest round in the Scottish company behind the WeeMee personal avatar service. The WeeMees are available through popular portals and chat services such as the MSN portals in Europe.
Read -Beckham car firm wins $6m (The Times)
Posted on July 16, 2006 08:21 AM | Posted to Online services | Venture Capital | Permalink
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