About ACV Auctions
ACV Auctions is a company based in Buffalo (United States) founded in 2014. ACV Auctions has raised $350 million across 9 funding rounds from investors including Fidelity Investments, Bessemer Venture Partners and SoftBank Group. ACV Auctions has completed 4 acquisitions, including Drive Inc, MAXDigital and Monk AI. ACV Auctions offers products and services including ACV Auctions, ACV Transportation, ACV Capital, and True 360. ACV Auctions operates in a competitive market with competitors including CarLotz, Droom, Copart, Insurance Auto Auctions and CarTrade Tech, among others.
- Headquarter Buffalo, United States
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
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Phone
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Website
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Social
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- Legal Name Acv Auctions Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$350 M (USD)
in 9 rounds
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Latest Funding Round
$55 M (USD), Series E
Sep 01, 2020
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Investors
Fidelity Investments
& 11 more
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Employee Count
Not available
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Investments & Acquisitions
Drive Inc.
& 3 more
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Products & Services of ACV Auctions
ACV Auctions offers a comprehensive portfolio of products and services, including ACV Auctions, ACV Transportation, ACV Capital, and True 360.
Platform for wholesale buying and selling of used vehicles.
Service for reliable nationwide vehicle transport.
Financing tool for dealers to purchase vehicle inventory.
Tool providing detailed vehicle condition reports.
People of ACV Auctions
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Funding Insights of ACV Auctions
ACV Auctions has successfully raised a total of $350M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $55 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ACV Auctions
ACV Auctions has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, Bessemer Venture Partners and SoftBank Group.
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Venture capital fund focused on investing in multiple sectors
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Early-stage VC firm investing in the US
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investor details for ACV Auctions
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Investments & Acquisitions by ACV Auctions
ACV Auctions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Drive Inc., MAXDigital and Monk AI.
Investment portfolio details for ACV Auctions
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cars are traded through an auction-based online marketplace.
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AI-powered SaaS solutions for vehicle inspections are offered.
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Cloud-based SaaS for automotive inventory pricing and sales is provided.
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Complete acquisition details for ACV Auctions
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- Domains and locations
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Financial Statements - ACV Auctions
Detailed financials for ACV Auctions
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Acv Auctions Comparisons
Peer comparison for ACV Auctions
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Competitors of ACV Auctions
ACV Auctions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarLotz, Droom, Copart, Insurance Auto Auctions and CarTrade Tech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Used cars are traded via an online consignment platform.
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Used vehicles are bought and sold through an AI platform.
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Used and salvaged vehicles are offered via an online marketplace.
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Used cars are auctioned via an app-based B2C marketplace.
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Online marketplace for used cars
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Detailed competitors of ACV Auctions
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Latest news on Acv Auctions
Complete news archive for ACV Auctions
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Frequently Asked Questions about ACV Auctions
ACV Auctions was founded in 2014 and raised its 1st funding round 1 year after it was founded.
ACV Auctions is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
ACV Auctions is a funded company, having raised a total of $350M across 9 funding rounds to date.
Founded in 2014 and based in Buffalo, United States, ACV Auctions operates as an online B2B marketplace in the automotive sector. Trade-in and aged vehicle inventory is bought and sold by dealers through auction-based transactions on the platform. Access is provided via a mobile application compatible with Android and iOS devices, supporting dealer operations across the region.
ACV Auctions offers ACV Auctions, ACV Transportation, ACV Capital, and True 360.
ACV Auctions has made 4 acquisitions, including Drive Inc, MAXDigital, and Monk AI.
ACV Auctions has 12 investors. Key investors include Fidelity Investments, Bessemer Venture Partners, SoftBank Group, Rand Capital, and Wellington.