Honk Honk raises £560k seed funding to launch automotive marketplace
The funding round was led by Dorset Business Angels to support the rollout of a new car trading platform.
Share allotment filed at Companies House
Bournemouth-based automotive marketplace platform designed to streamline vehicle transactions between consumers and dealerships.
Honk Honk has secured £560k in a seed funding round, with £340k contributed by Dorset Business Angels. The capital will support the ongoing launch and development of the company car marketplace platform in Bournemouth. Led by veteran founders of previous automotive ventures such as Wizzle and AUTOi, the business aims to provide an end-to-end trading network for motorists and franchise dealerships. Don McQueen acted as lead investor for the syndicate.
From the founder
"At Honk Honk we decided that we wanted to go full end-to-end cycle, not only allowing the general public/consumers to sell their cars to dealers but also allowing dealers to sell their inventory back to the general public. We also arrange finance and provide buying and selling support and home collections and deliveries. We launched on 1st September 2023. The launch has been staggered, initially launching just the selling part of the journey of cars to dealers. We plan to launch the buying part of the journey (dealers to consumers) in January 2024."
Sebastien Duval
CEO at Honk Honk