About Penny Auction Solutions
Penny Auction Solutions was a Retail company based in San Diego (United States) founded in 2009. It operates a penny auction marketplace for consumer bidding. It operates on a B2C model. Penny Auction Solutions has raised $10.06 million across 3 funding rounds from investors including Kodiak Capital. The company is recorded as dissolved. Its focus areas include E-commerce, Auction Platforms and Penny Auctions. Its competitors include BiddingForGood, Equip-bid and AuctionRover; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Diego, United States
- SectorsRetail
- Website pennyauctionsolutions.com
- Total Equity Funding$10.06M (USD)
in 3 rounds
- Latest Funding Round$14K (USD), Series A
Aug 2013
- Investors
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 $10.06M
- Total Rounds 3
- Last Round Series A — $14,000
- First Round $10M
(Sep 2010)
- Investors Count 1
All 3 funding rounds of Penny Auction Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2013 | $14,000 | Series A | – | – | – |
| Dec 2010 | $48,000 | Series A | – | – | – |
| Sep 2010 | $10M | Series A | – | – |
1 investors in total: 1 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| kodiak-capital.us |
Investor details for Penny Auction Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Penny Auction Solutions
3 dated milestones of Penny Auction Solutions across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Penny Auction Solutions is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series A, of $14K.
Competitors of Penny Auction Solutions
Penny Auction Solutions has 3 listed competitors in our database, 2 of them funded. They include BiddingForGood, Equip-bid and AuctionRover.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| biddingforgood.com | 2003 | Cambridge, United States | $29.06M | 76 | Multi-category product auctions are hosted for online fundraising. | |
| equip-bid.com | 2009 | Overland Park, United States | Multi-category products are auctioned online through Equip-Bid platform. | |||
| auctionrover.com | 1999 | Raleigh, United States | $3M | Simultaneous online auctions are crawled to find optimal item deals. |
Detailed competitors of Penny Auction Solutions
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Penny Auction Solutions
Penny Auction Solutions was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Penny Auction Solutions is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
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 2010.
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.
Penny Auction Solutions's top competitors include Equip-bid, BiddingForGood and AuctionRover.
Penny Auction Solutions has 1 investor. Key investors include Kodiak Capital.