Hellocar, a new car buying website out of the UK, has secured a £1m investment round. The round was led by JamJar Investments, the Innocent Drinks founders’..
Hellocar, a new car buying website out of the UK, has secured a £1m investment round. The round was led by JamJar Investments, the Innocent Drinks founders’ venture capital fund, and Alex Chesterman, founder and CEO of Zoopla Property Group. Henry Lane Fox, part of the founding team behind lastminute.com and CEO of Founders Factory, will join the Hellocar board as a Director. The money raised will be used to launch Hellocar in Manchester and grow the existing team.
Founded by car industry entrepreneur Nic Carnell, Hellocar removes the dealer from the car buying process. Industry research show only 7% of UK consumers trust car dealers and 80% find buying a car stressful.
