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. 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 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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| 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 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. 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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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 |
| 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 BPI Auctions
| 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 |
Financial Statements - BPI 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 |
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. 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 |
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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| 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 Bpi Auctions
Frequently Asked Questions about BPI Auctions
When was BPI Auctions founded?
BPI Auctions was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is BPI Auctions located?
BPI Auctions is headquartered in Wakefield, United Kingdom.
Is BPI Auctions a funded company?
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.
How many employees does BPI Auctions have?
As of Jun 30, 2021, the latest employee count at BPI Auctions is 44.
What does BPI Auctions do?
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.
Who are the top competitors of BPI Auctions?
BPI Auctions's top competitors include uBid Deals, Simon Charles Auctioneers and Mid Ulster Auctions.
What products or services does BPI Auctions offer?
BPI Auctions offers Live Auctions and Private Treaty.
Who are BPI Auctions's investors?
BPI Auctions has 2 investors. Key investors include Finance Yorkshire, and Northern Powerhouse Investment Fund.
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