About Freedom Powersports
Freedom Powersports is a company based in Canton (United States) founded in 2012 by Kevin Lackey was acquired by RumbleOn in November 2021.. Freedom Powersports has raised $3.5 million across 1 funding round from investors including RumbleOn and Trinity Investors. Freedom Powersports offers products and services including Powersports Sales, Service Department, and Parts Department. Freedom Powersports operates in a competitive market with competitors including Copart, Droom, Group1 Automotive, AutoNation and CarLotz, among others.
- Headquarter Canton, United States
- Founders Kevin Lackey
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of Freedom Powersports
Freedom Powersports offers a comprehensive portfolio of products and services, including Powersports Sales, Service Department, and Parts Department. 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.
Sales of new and used motorcycles and ATVs
Repair and maintenance for powersports vehicles
Supply of components for powersports equipment
Funding Insights of Freedom Powersports
Freedom Powersports has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.5 million completed in March 2016. 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 1
- Last Round Seed — $3.5M
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First Round
First Round
(31 Mar 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2016 | Amount | Seed - Freedom Powersports | Valuation | Trinity Investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Freedom Powersports
Freedom Powersports has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include RumbleOn and Trinity Investors. 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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Online marketplace providing second-hand bikes
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Freedom Powersports
| 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 - Freedom Powersports
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Freedom Powersports Comparisons
Competitors of Freedom Powersports
Freedom Powersports 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 Copart, Droom, Group1 Automotive, AutoNation and CarLotz, 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 |
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Used and salvaged vehicles are offered via an online marketplace.
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Used vehicles are bought and sold through an AI platform.
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Provider of new & used cars and trucks dealership services
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| domain | founded_year | HQ Location |
New and used vehicles are offered online by AutoNation.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Online marketplace providing second-hand bikes
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Freedom Powersports
Frequently Asked Questions about Freedom Powersports
When was Freedom Powersports founded?
Freedom Powersports was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Freedom Powersports located?
Freedom Powersports is headquartered in Canton, United States. It is registered at Canton, Ohio, United States.
Who is the current CEO of Freedom Powersports?
Kevin Lackey is the current CEO of Freedom Powersports. They have also founded this company.
Is Freedom Powersports a funded company?
Freedom Powersports is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Seed of $3.5M, raised on Mar 31, 2016.
What does Freedom Powersports do?
Freedom Powersports was established in 2012 by Kevin Lackey as a retailer in the powersports sector. Used motorcycles and related vehicles are sold through its operations based in Canton, United States. The company maintains an online presence via freedompowersportsusa.com, focusing on inventory and sales of pre-owned items within the local and regional market. Leadership is provided by the founder and CEO.
Who are the top competitors of Freedom Powersports?
What products or services does Freedom Powersports offer?
Freedom Powersports offers Powersports Sales, Service Department, and Parts Department.
Who are Freedom Powersports's investors?
Freedom Powersports has 2 investors. Key investors include RumbleOn, and Trinity Investors.