ACV Auctions
Latest round
- Series E
Last raised
- Sep 2020
Total raised
- $343M
Investors
- 14
About ACV Auctions
ACV Auctions, Inc.Founded in 2014 and headquartered in Buffalo, US, ACV Auctions, Inc. operates as an online marketplace for automotive dealers. The company was established by Laressa Hill and has undergone significant growth, focusing on transforming the vehicle auctioning process.85 bn.ACV Auctions operates as a leading online auto auction marketplace designed for automotive dealers to buy and sell used cars, trucks, and SUVs. The platform allows dealers to engage in a seamless online auction experience for sourcing clean title vehicles and wholesale inventory from nationwide without attending physical auctions. Core offerings include thorough vehicle inspections performed by a network of inspectors, delivering detailed reports, high-definition photos, and assessments.30 mn. The company’s revenue model is based on transaction fees derived from its online auction services, where dealers bid on inventory and ACV facilitates the auction process with detailed vehicle condition reports.ACV Auctions plans to leverage the proceeds from its recent IPO to enhance its platform by introducing new product features and expanding its market presence. The company is targeting specific geographic regions for expansion, although the exact locations and timelines have not been disclosed.
Who invested in ACV Auctions
14 investors across 7 rounds
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Funding rounds
Series E
Sep 2, 2020
Amount
$55M
Investors
Series E
Oct 23, 2019
Amount
$150M
Investors
Series D
Dec 6, 2018
Amount
$93M
Investors
Series C
Jan 17, 2018
Amount
$24M
Investors
Series B
Feb 27, 2017
Amount
$15M
Investors
Series A
Aug 11, 2016
Amount
$5M
Investors
Seed
Mar 31, 2015
Amount
$1M
Investors
Questions about ACV Auctions
Who invested in ACV Auctions?
ACV Auctions has 14 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ACV Auctions raised?
ACV Auctions has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did ACV Auctions last raise money?
ACV Auctions's most recent round on record is a Series E, in Sep 2020.
What does ACV Auctions do?
ACV Auctions is a internet company.
Where is ACV Auctions headquartered?
ACV Auctions is headquartered in Buffalo, US.
Which VCs invest in companies like ACV Auctions?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at ACV Auctions's stage. Their profiles are linked below.
VCs backing internet startups at Series E
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