ACV Auctions Raises $31 Million in Series C Funding to Accelerate Market Expansion
March 06, 2018ACV Auctions has secured $31 million in Series C venture funding led by Bessemer Venture Partners, Tribeca Ventures, SoftBank NY and Armory Square Ventures. The new capital brings total funding to $53 million since inception and will enable ACV Auctions to expand coast-to-coast by the end of 2018. “ACV Auctions
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ACV Auctions Adds 8 New Markets
June 05, 2017Online auction platform startup ACV Auctions is expanding into eight additional markets in the eastern U.S., a move the company's CEO says reflects growing demand for digital options in the remarketing world. ACV, which lets dealers buy wholesale vehicles via 20-minute auctions on their mobile phones, said it will
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ACV Auctions Secures $15 million in Funding to Fuel Expansion
March 08, 2017BUFFALO, NY – ACV Auctions, an advanced mobile platform that enables used-car dealers to view, bid and purchase car inventory via online auctions, today announced that it has secured $15 million in venture funding led by Bessemer Venture Partners with participation from existing investors. ACV will use the funds to expand
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ACV Auctions Continues East Coast Expansion
January 26, 2017BUFFALO, NY – ACV Auctions today announced continued growth into new territories including Northeast Ohio, Washington DC and Eastern Massachusetts. It ended 2016 entering upstate New York, including Buffalo, Rochester, Syracuse, Binghamton and Albany as well as Western Massachusetts, Pittsburgh and Northern New Jersey. Franchise dealers within these markets now use
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Auto Industry Veteran Michael Waterman Joins ACV Auctions as VP of Sales
November 09, 2016BUFFALO, N.Y — ACV Auctions today announced that Michael Waterman has joined the company as Vice President of Sales. Expanding the team is part of ACV’s ongoing growth plan to deliver mobile-enabled live auctions for dealerships. In September, ACV secured $5 million in venture capital funding and recruited George
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ACV Auctions Secures $5 million in Funding & Appoints George Chamoun as CEO
September 19, 2016BUFFALO, NY – ACV Auctions today announced that it has raised $5 million in venture funding, led by Tribeca Venture Partners, with participation from SoftBank Capital NY (SBNY), Armory Square Ventures and Rand Capital (Nasdaq: RAND). In addition, the company appointed Synacor (Nasdaq: SYNC) founder George Chamoun as Chief Executive. In
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