About BPI Auctions
BPI Auctions is a company based in Wakefield (United Kingdom) founded in 2010. BPI Auctions has raised $2.56 million across 2 funding rounds from investors including Finance Yorkshire and Northern Powerhouse Investment Fund. The company has 44 employees as of June 30, 2021. BPI Auctions offers products and services including Live Auctions and Private Treaty. BPI Auctions operates in a competitive market with competitors including uBid Deals, Simon Charles Auctioneers, Mid Ulster Auctions, Buystand and WLC Auctions, among others.
- Headquarter Wakefield, United Kingdom
- Employees 44 as on 30 Jun, 2021
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Sectors
Retail
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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 Bpi Auctions Ltd.
- Date of Incorporation 09 Jun, 2010
- Jurisdiction WAKEFIELD
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.56 M (USD)
in 2 rounds
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Latest Funding Round
$1.56 M (USD), Series A
Nov 23, 2023
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Investors
Finance Yorkshire
& 1 more
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Employee Count
44
as on Jun 30, 2021
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Products & Services of BPI Auctions
BPI Auctions offers a comprehensive portfolio of products and services, including Live Auctions and Private Treaty.
Platform for bidding on industrial items like machinery and vehicles.
Direct method for selling business assets without competitive bidding.
Funding Insights of BPI Auctions
BPI Auctions has successfully raised a total of $2.56M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.56 million completed in November 2023. 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 2
- Last Round Series A — $1.6M
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First Round
First Round
(19 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - BPI Auctions | Valuation | Finance Yorkshire |
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| Mar, 2019 | Amount | Seed - BPI Auctions | Valuation | Northern Powerhouse Investment Fund |
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Investors in BPI Auctions
BPI Auctions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Finance Yorkshire and Northern Powerhouse Investment Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Funding is provided to support SME growth in Yorkshire.
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Founded Year | Domain | Location | |
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Private debt is extended to early-stage companies and SMEs.
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Founded Year | Domain | Location |
Investments & Acquisitions by BPI Auctions
Financial Statements - BPI Auctions
Bpi Auctions Comparisons
Competitors of BPI Auctions
BPI 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 uBid Deals, Simon Charles Auctioneers, Mid Ulster Auctions, Buystand and WLC Auctions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online auctions and fixed-price merchandise sales are offered.
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| domain | founded_year | HQ Location |
Online auctions for clothing, tech, furniture, and surplus stock across Europe.
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| domain | founded_year | HQ Location |
Conducts online auctions for machinery, vehicles, and equipment sales in Northern Ireland.
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| domain | founded_year | HQ Location |
Operates a reverse auction marketplace for efficient buyer-seller interactions.
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| domain | founded_year | HQ Location |
Operates an online auction marketplace for a wide range of products.
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Frequently Asked Questions about BPI Auctions
BPI Auctions was founded in 2010 and raised its 1st funding round 9 years after it was founded.
BPI Auctions is headquartered in Wakefield, United Kingdom.
BPI Auctions is a funded company, having raised a total of $2.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $994.41K, raised on Mar 19, 2019.
As of Jun 30, 2021, the latest employee count at BPI Auctions is 44.
BPI Auctions was founded in 2010 in Wakefield, United Kingdom. An online platform is operated for auctions of commercial and industrial equipment, including catering supplies, event items, industrial tools, cars, planters, and fashion accessories. Buying and selling are enabled for stocks in sectors such as agriculture, home and garden, manufacturing, plant and machinery, and related areas. The service connects auctioneers and buyers digitally.
BPI Auctions's top competitors include uBid Deals, Simon Charles Auctioneers and Mid Ulster Auctions.
BPI Auctions offers Live Auctions and Private Treaty.
BPI Auctions has 2 investors. Key investors include Finance Yorkshire, and Northern Powerhouse Investment Fund.