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ACV Auctions

Description

Developer of a web and mobile based platform designed to replace the timely and expensive process of physical car auctions. The company's web and mobile based platform enables wholesale car dealers to bid for vehicles and sell trade-ins through online auctions permitting car dealers to select the type of cars they wish to purchase and, when those vehicles become available, company sends an alert to the dealer's mobile device and a live auction follows.

2014

Founded

PRIVATE

Status

51-200

Employees

Series B

Latest Deal Type

$15M

Latest Deal Amount

$21.5M

Total Amount Raised

Description

Developer of a web and mobile based platform designed to replace the timely and expensive process of physical car auctions. The company's web and mobile based platform enables wholesale car dealers to bid for vehicles and sell trade-ins through online auctions permitting car dealers to select the type of cars they wish to purchase and, when those vehicles become available, company sends an alert to the dealer's mobile device and a live auction follows.

Website:

www.acvauctions.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Application Software

Other Industries

Social/Platform Software

Primary Office

640 Ellicott Street Suite 108 Buffalo, NY 14203United States +1 (800) 553-4070
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ACV Auctions Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

ACV Auctions Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

ACV Auctions Investors (8)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
43NorthAccelerator/IncubatorMinority000 0000000 0000
Armory Square VenturesVenture CapitalMinority000 0000000 0000
Bessemer Venture PartnersVenture CapitalMinority000 0000000 0000
Rand Capital CorporationVenture CapitalMinority000 0000000 0000
SoftBank CapitalCorporate Venture CapitalMinority000 0000000 0000
43North Accelerator/Incubator
Armory Square Ventures Venture Capital
Bessemer Venture Partners Venture Capital
Rand Capital Corporation Venture Capital
SoftBank Capital Corporate Venture Capital

ACV Auctions Executive Team (5)

NameTitleBoard
Seat
Contact
Info
George ChamounChief Executive Officer
John GrecoCo-Founder, Chief Financial Officer & Chief Operating Officer
Joseph NeimanCo-Founder and Vice President of Business Development
Michael WatermanVice President, Sales
Daniel MagnuszewskiCo-Founder & Chief Technology Officer
George Chamoun Chief Executive Officer
John Greco Co-Founder, Chief Financial Officer & Chief Operating Officer
Joseph Neiman Co-Founder and Vice President of Business Development
Michael Waterman Vice President, Sales
Daniel Magnuszewski Co-Founder & Chief Technology Officer

ACV Auctions Board Members (3)

NameRepresentingRoleSinceContact
Info
Bob GoodmanBessemer Venture PartnersPartner000 0000
Brian HirschTribeca Venture PartnersManaging Partner & Co-Founder000 0000
Jordan LevySelfBoard Member000 0000
Bob Goodman Partner Bessemer Venture Partners
Brian Hirsch Managing Partner & Co-Founder Tribeca Venture Partners
Jordan Levy Board Member Self
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