Tootle has just completed a Series A £2.5m investment round led by Hambro Perks. The round brings the total amount raised for tootle to £4.3m.
The tootle website offers a platform for people to sell used cars completely free of charge, providing stock to a national network of dealers. To date the firm has sold over £21 million worth of cars today.
CEO Gordon Tulloch commented on securing the investment, ‘The additional funding allows tootle to enter another exciting phase of growth through technical optimisation and partnership development. With new product lines of car insurance together with new/ nearly new car consumer offerings planned and overseas operations scheduled in Q4 2017.’
Dom Perks, of Hambro Perks, added, “Tootle is an increasingly reliable platform that is reinventing used car sales. We’ve been working with tootle for some time now and have seen the company grow from strength to strength. Hambro Perks is a delighted to be involved in what should become a trusted consumer champion brand.”
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