About Insurance Auto Auctions
Insurance Auto Auctions is a company based in United States founded in 1982 was acquired by Ritchie Bros in November 2022.. Insurance Auto Auctions has completed 4 acquisitions, including Auto Exchange, DDI Technology and SYNETIQ. Insurance Auto Auctions operates in a competitive market with competitors including Carvana, CarGurus, CarLotz, Vroom and Copart, among others.
- Headquarter Westchester, United States
- Stage Public
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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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Annual Revenue
$2.1 B14as on Dec 31, 2022
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Net Profit
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EBITDA
$105.6 M22as on Dec 31, 2022
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Latest Funding Round
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Investors
Ritchie Bros
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Auto Exchange
& 3 more
- Acquired by
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Software Development Team
25 people
Product Management Team
21 people
Leadership Team
11 people
Sales and Marketing
10 people
Branch Team
9 people
Operations Team
6 people
Creative and Marketing Team
5 people
Senior Team
5 people
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Funding Insights of Insurance Auto Auctions
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Private Equity Round - Insurance Auto Auctions | Valuation |
investors |
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| Apr, 2007 | Amount | Private Equity Round - Insurance Auto Auctions | 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 Insurance Auto Auctions
Insurance Auto Auctions has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ritchie Bros, CP Kelco and ValueAct Capital. 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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Private equity investment firm based out of USA
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Heavy machinery is auctioned via an online marketplace platform.
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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 Insurance Auto Auctions
Insurance Auto Auctions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Auto Exchange, DDI Technology and SYNETIQ. 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
|
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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Provider of car accessories
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2019 | ||||
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Operations in the automotive industry are managed by Verastar.
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2001 | ||||
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Integrated vehicle registration & titling solution for auto dealerships
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1998 |
| 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 - Insurance Auto 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 |
Insurance Auto Auctions Comparisons
Competitors of Insurance Auto Auctions
Insurance Auto 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 Carvana, CarGurus, CarLotz, Vroom and Copart, 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 |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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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 |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online listing platform for used cars
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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 Insurance Auto Auctions
Frequently Asked Questions about Insurance Auto Auctions
When was Insurance Auto Auctions founded?
Insurance Auto Auctions was founded in 1982 and raised its 1st funding round 25 years after it was founded.
Where is Insurance Auto Auctions located?
Insurance Auto Auctions is headquartered in United States. It is registered at New York, United States.
What is the annual revenue of Insurance Auto Auctions?
Annual revenue of Insurance Auto Auctions is $2.1B as on Dec 31, 2022.
What does Insurance Auto Auctions do?
App-based B2C auction-based marketplace for used cars. It provides auction services on a hybrid model that combines live, internet, and proxy bidding. The company owns auction facilities that deal with towing, recovered theft, lease fleet, dealer trade-in, collision damage, and rental vehicles. It organizes hybrid auctions for insurance companies, fleet and rental companies, financing companies, charity organizations, and the general public. Their app is available for iOS and Android devices.
Who are the top competitors of Insurance Auto Auctions?
How many acquisitions has Insurance Auto Auctions made?
Insurance Auto Auctions has made 4 acquisitions, including Auto Exchange, DDI Technology, and SYNETIQ.
Who are Insurance Auto Auctions's investors?
Insurance Auto Auctions has 4 investors. Key investors include Ritchie Bros, CP Kelco, ValueAct Capital, and Parthenon Capital.
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