About Penny Auction Solutions
Penny Auction Solutions is a company based in San Diego (United States) founded in 2009. It operates as a B2C. Penny Auction Solutions has raised $10.06 million across 3 funding rounds from investors including Kodiak Capital. Penny Auction Solutions operates in a competitive market with competitors including BiddingForGood, Equip-bid, AuctionRover, Swoopo and Proxibid, among others.
- Headquarter San Diego, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.06 M (USD)
in 3 rounds
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Latest Funding Round
$14 K (USD), Series A
Aug 28, 2013
- Investors
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Employee Count
Employee Count
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Funding Insights of Penny Auction Solutions
Penny Auction Solutions has successfully raised a total of $10.06M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $14 thousand completed in August 2013. 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 3
- Last Round Series A — $14,000
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First Round
First Round
(16 Sep 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series A - Penny Auction Solutions | Valuation |
investors |
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| Dec, 2010 | Amount | Series A - Penny Auction Solutions | Valuation |
investors |
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| Sep, 2010 | Amount | Series A - Penny Auction Solutions | 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 Penny Auction Solutions
Penny Auction Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Kodiak 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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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 Penny Auction Solutions
| 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 - Penny Auction Solutions
| 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 |
Penny Auction Solutions Comparisons
Competitors of Penny Auction Solutions
Penny Auction Solutions 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 BiddingForGood, Equip-bid, AuctionRover, Swoopo and Proxibid, 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 |
Multi-category product auctions are hosted for online fundraising.
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| domain | founded_year | HQ Location |
Multi-category products are auctioned online through Equip-Bid platform.
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| domain | founded_year | HQ Location |
Simultaneous online auctions are crawled to find optimal item deals.
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| domain | founded_year | HQ Location |
Online platform for bidding on auctions and purchasing discounted products.
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| domain | founded_year | HQ Location |
An online auction marketplace for consumer products is provided.
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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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Frequently Asked Questions about Penny Auction Solutions
When was Penny Auction Solutions founded?
Penny Auction Solutions was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Penny Auction Solutions located?
Penny Auction Solutions is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Penny Auction Solutions a funded company?
Penny Auction Solutions is a funded company, having raised a total of $10.06M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Sep 16, 2010.
What does Penny Auction Solutions do?
Penny Auction Solutions, based in San Diego, focuses on engaging in retail operations, operating online marketplaces, auction platforms, and penny auctions. Operates a penny auction marketplace for consumer bidding. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Who are the top competitors of Penny Auction Solutions?
Penny Auction Solutions's top competitors include Equip-bid, BiddingForGood and AuctionRover.
Who are Penny Auction Solutions's investors?
Penny Auction Solutions has 1 investor. Key investors include Kodiak Capital.
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