About Auction
Auction is a Retail company based in Richardson (United States) founded in 2014. Multi-category consumer products are auctioned through an online platform. It operates on a Two-Sided Marketplace model. Auction has completed 2 acquisitions, including Doorsey and Simple Auction Site. Auction offers products and services including Auction Marketplace. Its focus areas include Technology, E-Commerce and Online Marketplaces. Its competitors include BiddingForGood, AuctionRover and Swoopo; 3 of its 3 listed competitors have raised funding.
Company details
An online platform facilitating live auctioneer events is managed. The platform connects buyers and sellers in real-time bidding environments. Various sectors including collectibles, real estate, and industrial goods are covered. Solutions for secure transactions and event hosting are provided.
- Headquarters Richardson, United States
- SectorsRetail
- Website auction.io
- InvestorsSRM Development
& 4 more
- Investments & AcquisitionsDoorsey
& 1 more
Products & Services of Auction
Auction offers a comprehensive portfolio of products and services, including Auction Marketplace.
An online platform for live auctioneer events is provided.
Funding Insights of Auction
- Total Rounds 1
- Investors Count 5
All 1 funding rounds of Auction with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | Seed | – | – |
5 investors in total: 4 institutional and 1 angel.
Investors in Auction
Auction has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SRM Development, Agya Ventures and Adam Neumann.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on seed-stage investment in multiple sectors | liquid2.vc | San Francisco, United States | ||
| agyaventures.com | ||||
Property management and development services are provided by SRM Development. | 2001 | srmdevelopment.com | Spokane, United States | |
SP Sam Parr | Founder of The Hustle, angel investor, and podcast host at My First Million. | unknown_da86e4c97b144fdbb | ||
| adam-neumann.com |
Investor details for Auction
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Auction
Auction has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Doorsey and Simple Auction Site.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Auction management solutions are offered to e-commerce businesses. | simpleauctionsite.com | Durham, United States | 2005 | May 2024 | •••• | |
Residential real estate properties are auctioned via an online platform. | doorsey.com | Spokane Valley, United States | 2021 | May 2023 | •••• |
Complete acquisition details for Auction
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Auction
4 dated milestones of Auction across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Auction is founded.
- Acquisition Acquires Doorsey.
- Funding First funding round.
- Acquisition Acquires Simple Auction Site.
Competitors of Auction
Auction has 3 listed competitors in our database, 3 of them funded. They include BiddingForGood, AuctionRover and Swoopo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| biddingforgood.com | 2003 | Cambridge, United States | $29.06M | 76 | Multi-category product auctions are hosted for online fundraising. | |
| auctionrover.com | 1999 | Raleigh, United States | $3M | Simultaneous online auctions are crawled to find optimal item deals. | ||
| swoopo.com | 2005 | Mountain View, United States | $14M | Online platform for bidding on auctions and purchasing discounted products. |
Detailed competitors of Auction
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Auction
The website of Auction (auction.io) receives about 6.9K visits a month.
- Monthly visits6.9K
▼ 27.2% vs previous month
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Related news about Auction
Complete news archive for Auction
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Auction
Auction was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Auction is headquartered in Richardson, United States. It is registered at Richardson, Texas, United States.
An online platform facilitating live auctioneer events is managed. The platform connects buyers and sellers in real-time bidding environments. Various sectors including collectibles, real estate, and industrial goods are covered. Solutions for secure transactions and event hosting are provided.
Auction's top competitors include BiddingForGood, AuctionRover and Swoopo.
Auction offers Auction Marketplace.
Auction has made 2 acquisitions, including Doorsey, and Simple Auction Site.
Auction has 5 investors. Key investors include SRM Development, Agya Ventures, Adam Neumann, Liquid 2 Ventures, and Sam Parr.