About Auction
Auction is a company based in Richardson (United States) founded in 2014. It operates as a Two-Sided Marketplace. Auction has completed 2 acquisitions, including Doorsey and Simple Auction Site. Auction offers products and services including Auction Marketplace. Auction operates in a competitive market with competitors including BiddingForGood, AuctionRover, Swoopo, Equip-bid and Proxibid, among others.
- Headquarter Richardson, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
SRM Development
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Doorsey
& 1 more
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Products & Services of Auction
Auction offers a comprehensive portfolio of products and services, including Auction Marketplace. 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.
An online platform for live auctioneer events is provided.
Funding Insights of Auction
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Auction | Valuation |
investors |
| 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 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. 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 seed-stage investment in multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Property management and development services are provided by SRM Development.
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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 Auction
Auction has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Doorsey and Simple Auction Site. 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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Residential real estate properties are auctioned via an online platform.
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2021 | ||||
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Auction management solutions are offered to e-commerce businesses.
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2005 |
| 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 - Auction
| 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 |
Auction Comparisons
Competitors of Auction
Auction 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 BiddingForGood, AuctionRover, Swoopo, Equip-bid and Proxibid, 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 |
Multi-category product auctions are hosted for online fundraising.
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| domain | founded_year | HQ Location |
Simultaneous online auctions are crawled to find optimal item deals.
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| domain | founded_year | HQ Location |
Online platform for bidding on auctions and purchasing discounted products.
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| domain | founded_year | HQ Location |
Multi-category products are auctioned online through Equip-Bid platform.
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| domain | founded_year | HQ Location |
An online auction marketplace for consumer products is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Auction
Frequently Asked Questions about Auction
When was Auction founded?
Auction was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Where is Auction located?
Auction is headquartered in Richardson, United States. It is registered at Richardson, Texas, United States.
What does Auction do?
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.
Who are the top competitors of Auction?
Auction's top competitors include Equip-bid, BiddingForGood and AuctionRover.
What products or services does Auction offer?
Auction offers Auction Marketplace.
How many acquisitions has Auction made?
Auction has made 2 acquisitions, including Doorsey, and Simple Auction Site.
Who are Auction's investors?
Auction has 5 investors. Key investors include SRM Development, Agya Ventures, Adam Neumann, Liquid 2 Ventures, and Sam Parr.
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