About Auction Mobility
Auction Mobility is a company based in Boston (United States) founded in 2013 was acquired by Auction Technology Group in October 2020.. Auction Mobility has raised $7.41 million across 6 funding rounds from investors including Auction Technology Group and FJ Labs. Auction Mobility has completed 2 acquisitions, including Lofty and Paid. Auction Mobility offers products and services including Auction Software, Live Simulcast Software, Timed Online Auction Software, and Mobile Apps. Auction Mobility operates in a competitive market with competitors including Paid, SwiftVee, Wavebid, Auction Software and Auction Flex, among others.
- Headquarter Boston, United States
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$7.41 M (USD)
in 6 rounds
-
Latest Funding Round
$2.77 M (USD), Series A
Aug 31, 2020
-
Investors
Auction Technology Group
& 1 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Lofty
& 1 more
-
Acquired by
Auction Technology Group
(Oct 22, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Auction Mobility
Auction Mobility offers a comprehensive portfolio of products and services, including Auction Software, Live Simulcast Software, Timed Online Auction Software, and Mobile Apps. 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.
Software for hosting live and online auctions
Platform for simultaneous in-person and online bidding
System for scheduled online-only auctions
Apps for Android and iOS to facilitate direct bidding
Unlock access to complete
Funding Insights of Auction Mobility
Auction Mobility has successfully raised a total of $7.41M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.77 million completed in August 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 6
- Last Round Series A — $2.8M
-
First Round
First Round
(12 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - Auction Mobility | Valuation |
investors |
|
| Aug, 2020 | Amount | Seed - Auction Mobility | Valuation |
investors |
|
| Jun, 2016 | Amount | Seed - Auction Mobility | Valuation | FJ Labs |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Auction Mobility
Auction Mobility has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Auction Technology Group and FJ Labs. 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 |
|---|---|---|---|---|
|
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
|
Founded Year | Domain | Location | |
|
Technology is provided to enable auction-based secondary goods marketplaces.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Auction Mobility
Auction Mobility has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lofty and Paid. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Automated invoicing API is provided for accounts receivable management.
|
2014 | ||||
|
Lofty is recognized as an AI-powered platform for real estate professionals.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Auction Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auction Mobility Comparisons
Competitors of Auction Mobility
Auction Mobility 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 Paid, SwiftVee, Wavebid, Auction Software and Auction Flex, 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 |
Automated invoicing API is provided for accounts receivable management.
|
|
| domain | founded_year | HQ Location |
Online auction platform for buying and selling livestock products
|
|
| domain | founded_year | HQ Location |
Auction management software and tools are provided to auctioneers.
|
|
| domain | founded_year | HQ Location |
Auction software solutions are provided for business auction needs.
|
|
| domain | founded_year | HQ Location |
Software platform for auction management, online bidding, and customer support services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Auction Mobility
When was Auction Mobility founded?
Auction Mobility was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Auction Mobility located?
Auction Mobility is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Auction Mobility?
Jeremy Paradise is the current CEO of Auction Mobility.
Is Auction Mobility a funded company?
Auction Mobility is a funded company, having raised a total of $7.41M across 6 funding rounds to date.
What does Auction Mobility do?
Auction Mobility is a cloud-based software solution to create online auction bidding stores. Its customizable mobile, tablet web content management and cloud-based auction platform has features to manage payments, marketing activities, customers, reporting analytics, and more. The company also provides solutions for website design and e-commerce. Pricing depends on package and number of features. It has been awarded by Stevie Gold, BMA, and others. Clients include Phillips, Langs, Wright, and more. The company offers mobile-first store solutions for Android and iOS platforms.
Who are the top competitors of Auction Mobility?
Auction Mobility's top competitors include Auction Software, Paid and SwiftVee.
What products or services does Auction Mobility offer?
Auction Mobility offers Auction Software, Live Simulcast Software, Timed Online Auction Software, and Mobile Apps.
How many acquisitions has Auction Mobility made?
Who are Auction Mobility's investors?
Auction Mobility has 2 investors. Key investors include Auction Technology Group, and FJ Labs.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.