BacklotCars Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 150

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $421M

  • Investors
  • 2

BacklotCars General Information

Description

Operator of an online marketplace intended to make wholesale automotive deals simple and transparent. The company's marketplace provides inspections, transportation and inventory finance services eliminating the need to hold physical auctions and go direct to their end market, thereby enabling auto dealers and car companies to transact and liquidate inventory.

Contact Information

Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Road
Other Industries
Automotive
Other Commercial Services
Other Financial Services
Corporate Office
  • 1100 Main Street
  • Suite 1500
  • Kansas City, MO 64105
  • United States

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BacklotCars Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 12-Nov-2020 $421M 0000 00000 Completed Generating Revenue
7. Later Stage VC (Series B) 15-Apr-2019 0000 0000 00000 Completed Generating Revenue
6. Secondary Transaction - Private 0000 Completed Generating Revenue
5. Early Stage VC (Series A) 07-Dec-2018 0000 0000 0000 Completed Generating Revenue
4. Seed Round 01-May-2017 000 000 Completed Generating Revenue
3. Angel (individual) 27-Oct-2015 000 000 000.00 Completed Generating Revenue
2. Accelerator/Incubator 24-Apr-2015 Completed Generating Revenue
1. Accelerator/Incubator 22-Jan-2015 Completed Generating Revenue
To view BacklotCars’s complete valuation and funding history, request access »

BacklotCars Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series A2 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series A1 8,679,084 $0.000010 $0.92 $0.92 1x $0.92 20.59%
Seed 7,009,025 $0.000010 $0.78 $0.78 1x $0.78 16.63%
To view BacklotCars’s complete cap table history, request access »

BacklotCars Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of an online marketplace intended to make wholesale automotive deals simple and transparent. The company's mark
Road
Kansas City, MO
150 As of 2022
0000
00000 0000-00-00
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000000

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0000000000
Milton, Canada
000.00 0000-00-00
000000&0

000000

t esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat
00000 0000000000 000
Atlanta, GA
00000 As of 0000
000000&0
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BacklotCars Competitors (11)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Manheim Canada Pending Transaction (M&A) Milton, Canada 000000&0
Manheim Corporate Backed or Acquired Atlanta, GA 00000 000000&0
Arval Deutschland Private Equity-Backed Oberhaching, Germany 0000 000000000000
ADESA Formerly PE-Backed Carmel, IN 00000 00000 000000&0
Aston Barclay Private Equity-Backed Normanton, United Kingdom 000 000000000000
You’re viewing 5 of 11 competitors. Get the full list »

BacklotCars Patents

BacklotCars Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3128997-A1 System and method for vehicle-specific inspection and reconditioning Pending 26-Aug-2020 00000000000
US-20220222984-A1 System and method for vehicle-specific inspection and reconditioning Pending 26-Aug-2020 00000000000 0
CA-3127895-A1 System and method of matching a seller of a vehicle to a buyer of a vehicle Pending 12-Aug-2020 00000000000
US-20220051304-A1 System and method of matching a seller of a vehicle to a buyer of a vehicle Pending 12-Aug-2020 G06Q30/0633 0

BacklotCars Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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BacklotCars Former Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
500 Global Venture Capital Minority 000 0000 000000 0
Arjun Sethi Angel (individual) Minority 000 0000 000000 0
Chaifetz Group Family Office Minority 000 0000 000000 0
Charle Seely Angel (individual) Minority 000 0000 000000 0
David McClure Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 19 investors. Get the full list »

BacklotCars FAQs

  • When was BacklotCars founded?

    BacklotCars was founded in 2014.

  • Who is the founder of BacklotCars?

    Justin Davis, Josh Parsons, Fabricio Solanes, and Ryan Davis are the founders of BacklotCars.

  • Where is BacklotCars headquartered?

    BacklotCars is headquartered in Kansas City, MO.

  • What is the size of BacklotCars?

    BacklotCars has 150 total employees.

  • What industry is BacklotCars in?

    BacklotCars’s primary industry is Road.

  • Is BacklotCars a private or public company?

    BacklotCars is a Private company.

  • What is the current valuation of BacklotCars?

    The current valuation of BacklotCars is 00000.

  • What is BacklotCars’s current revenue?

    The current revenue for BacklotCars is 000000.

  • How much funding has BacklotCars raised over time?

    BacklotCars has raised $52M.

  • Who are BacklotCars’s investors?

    500 Global, Arjun Sethi, Chaifetz Group, Charle Seely, and David McClure are 5 of 19 investors who have invested in BacklotCars.

  • Who are BacklotCars’s competitors?

    Manheim Canada, Manheim, Arval Deutschland, ADESA, and Aston Barclay are some of the 11 competitors of BacklotCars.

  • When was BacklotCars acquired?

    BacklotCars was acquired on 12-Nov-2020.

  • Who acquired BacklotCars?

    BacklotCars was acquired by OPENLANE (Media and Information Services (B2B)).

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