About iReconCars
iReconCars is a company based in Columbus (United States) founded in 2015 was acquired by vAuto in January 2019.. iReconCars has raised $75 thousand across 1 funding round from investors including vAuto. iReconCars operates in a competitive market with competitors including Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, among others.
- Headquarter Columbus, United States
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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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Funding Insights of iReconCars
iReconCars has successfully raised a total of $75K through 1 strategic funding round. The most recent funding activity was a Seed round of $75 thousand completed in October 2018. 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 — $75,000
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First Round
First Round
(09 Oct 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Seed - iReconCars | Valuation |
investors |
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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 iReconCars
iReconCars has secured backing from 1 investor. Prominent investors backing the company include vAuto. 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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Dealership management software is provided for automotive inventory and pricing.
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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 iReconCars
| 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 - iReconCars
| 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 |
Ireconcars Comparisons
Competitors of iReconCars
iReconCars 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 Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, 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 |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Vertical solutions for car owners and automotive workshops are provided.
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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 Ireconcars
Frequently Asked Questions about iReconCars
When was iReconCars founded?
iReconCars was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is iReconCars located?
iReconCars is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Is iReconCars a funded company?
iReconCars is a funded company, having raised a total of $75K across 1 funding round to date. The company's 1st funding round was a Seed of $75K, raised on Oct 09, 2018.
What does iReconCars do?
iReconCars was founded in 2015 in Columbus, United States, within the automotive software sector. Solutions are delivered to dealerships for handling inventory, vendor relations, and vehicle reconditioning. Operations include centralized management of work requests, invoice processing, and generation of billing reports on serviced vehicles. Access is enabled through desktop or mobile devices to support dealership workflows.
Who are the top competitors of iReconCars?
iReconCars's top competitors include Upstart, Reynolds and Reynolds and Seez.
Who are iReconCars's investors?
iReconCars has 1 investor. Key investors include vAuto.