ACV Auctions Obtains $31,000,000 Series C Financing

Company Information

Company
ACV Auctions

Website

http://www.acvauctions.com

Location
640 Ellicott St. Buffalo, NY 14203

Description
All costs are figured by ACV Auction at wholesale dealer cost, which implies used, remanufactured, and/or aftermarket parts as well as discounted labor rates. Price adjustments may be made by the seller up to the amount necessary to resolve a problem will be figured off wholesale dealer costs.

Transaction Details

  • Date – 2/7/2018
  • Transaction Type – Venture Equity
  • Transaction Amount – $31,000,000
  • Transaction Round – Series C
  • Acquire / Investor(s) – Bessemer Venture Partners
  • Acquire / Investor(s) – Tribeca Venture Partners
  • Acquire / Investor(s) – SoftBank Group
  • Acquire / Investor(s) – Armory Square Ventures