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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $55.0M
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First Round
First Round
(05 Aug 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Debt – Conventional - ACV Auctions | Valuation |
investors |
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| Sep, 2020 | Amount | Series E - ACV Auctions | Valuation | Durable Capital Partners |
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| Nov, 2019 | Amount | Series E - ACV Auctions | Valuation | Wellington , Fidelity Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2019 | ||||
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AI-powered SaaS solutions for vehicle inspections are offered.
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2019 | ||||
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Cloud-based SaaS for automotive inventory pricing and sales is provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ACV Auctions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acv Auctions Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used cars are auctioned via an app-based B2C marketplace.
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| domain | founded_year | HQ Location |
Online marketplace for used cars
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acv Auctions
Frequently Asked Questions about ACV Auctions
When was ACV Auctions founded?
ACV Auctions was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is ACV Auctions located?
ACV Auctions is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Is ACV Auctions a funded company?
ACV Auctions is a funded company, having raised a total of $350M across 9 funding rounds to date. The company's 1st funding round was a Series E of $150M, raised on Aug 05, 2015.
What does ACV Auctions do?
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.
Who are the top competitors of ACV Auctions?
What products or services does ACV Auctions offer?
ACV Auctions offers ACV Auctions, ACV Transportation, ACV Capital, and True 360.
How many acquisitions has ACV Auctions made?
ACV Auctions has made 4 acquisitions, including Drive Inc., MAXDigital, and Monk AI.
Who are ACV Auctions's investors?
ACV Auctions has 12 investors. Key investors include Fidelity Investments, Bessemer Venture Partners, SoftBank Group, Rand Capital, and Wellington.
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