AUTOi secures investment from Dorset Business Angels to fund the national launch of its car appraisal platform.
Dorset Business Angels provided a major share of the capital required for the rollout.
AUTOi is a digital car appraisal company based in Boscombe that connects vehicle owners directly with motor dealers through transparent online platforms.
Boscombe-based digital car appraisal company AUTOi has secured financial backing from Dorset Business Angels to support the national rollout of its platform.
The capital has enabled the company to launch Wizzle, a web and mobile service designed to facilitate transparent vehicle appraisals and direct sales between consumers and motor retailers. The platform went live to a network of thousands of dealer staff.
Dorset Business Angels provided a substantial portion of the required capital investment, with additional options linked to performance forecasts over the opening months of trading.
From the founder
"The cash-for-car market has grown massively but often comes in for criticism in the consumer press for allegedly underpaying on the true value of consumers' cars. We all know that dealers also need protection from unscrupulous sellers and misleading vehicle descriptions."
Sébastien Duval
Founder at AUTOi
Investor perspective
"We were incredibly impressed with the team's pitch and they generated a considerable amount of interest amongst the Dorset Business Angels."
Don McQueen
Chairman, Dorset Business Angels
Use of funds
- 01Accelerate go-to-market