About Proxibid
Proxibid is a company based in Omaha (United States) founded in 2001 was acquired by TA in February 2020.. The company has 115 employees as of December 31, 2022. Proxibid has completed 1 acquisition, including Wavebid. Proxibid offers products and services including Auction Platform and Bid Management Tools. Proxibid operates in a competitive market with competitors including BiddingForGood, AuctionRover, Swoopo, Auction and Equip-bid, among others.
- Headquarter Omaha, United States
- Employees 115 as on 31 Dec, 2022
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Proxibid, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Primus Capital
& 1 more
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Employee Count
115
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
TA
(Feb 14, 2020)
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Products & Services of Proxibid
Proxibid offers a comprehensive portfolio of products and services, including Auction Platform and Bid Management Tools. 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.
Digital service for bidding on live and timed auctions
Features for tracking and participating in online bids
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Funding Insights of Proxibid
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Series A - Proxibid | Valuation | Primus Capital |
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| Aug, 2008 | Amount | Seed - Proxibid | 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 Proxibid
Proxibid has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Primus Capital and TA Associates. 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 investments are directed toward the US and Canada.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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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 Proxibid
Proxibid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wavebid. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Auction management software and tools are provided to auctioneers.
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2011 |
| 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 - Proxibid
| 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 |
Proxibid Comparisons
Competitors of Proxibid
Proxibid 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, AuctionRover, Swoopo, Auction and Equip-bid, 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 |
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 |
Multi-category consumer products are auctioned through an online platform.
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| domain | founded_year | HQ Location |
Multi-category products are auctioned online through Equip-Bid platform.
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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 Proxibid
Frequently Asked Questions about Proxibid
When was Proxibid founded?
Proxibid was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Proxibid located?
Proxibid is headquartered in Omaha, United States. It is registered at Omaha, Nebraska, United States.
How many employees does Proxibid have?
As of Dec 31, 2022, the latest employee count at Proxibid is 115.
What does Proxibid do?
Proxibid was founded in 2001 and is headquartered in Omaha, United States. An online platform is operated as an auction marketplace within the e-commerce sector, focusing on consumer goods such as fine art, vehicles, household items, tools, machinery, and heavy equipment. Four transaction methods are offered: buy now, make offer, timed auction, and live auction. Auction duration and starting bid prices are determined by sellers.
Who are the top competitors of Proxibid?
Proxibid's top competitors include Equip-bid, BiddingForGood and AuctionRover.
What products or services does Proxibid offer?
Proxibid offers Auction Platform and Bid Management Tools.
How many acquisitions has Proxibid made?
Proxibid has made 1 acquisition, including Wavebid.
Who are Proxibid's investors?
Proxibid has 2 investors. Key investors include Primus Capital, and TA Associates.
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