About Purple Wave
Purple Wave is a company based in Manhattan (United States) founded in 2000.. Purple Wave has raised $4.51 million across 3 funding rounds from investors including Copart. The company has 156 employees as of December 31, 2022. Purple Wave operates in a competitive market with competitors including Ritchie Bros, Machinio, SalvageSale, EquipmentFacts.com and Equipment Trader, among others.
- Headquarter Manhattan, United States
- Employees 156 as on 31 Dec, 2022
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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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
$00as on Jul 26, 2010
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Net Profit
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EBITDA
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Total Equity Funding
$4.51 M (USD)
in 3 rounds
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Latest Funding Round
- Investors
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Employee Count
156
as on Dec 31, 2022
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Funding Insights of Purple Wave
Purple Wave has successfully raised a total of $4.51M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 Feb 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Purple Wave | Valuation | Copart |
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| Jul, 2010 | Amount | Series A - Purple Wave | Valuation |
investors |
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| Feb, 2007 | Amount | Series A - Purple Wave | 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 Purple Wave
Purple Wave has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Copart. 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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Used and salvaged vehicles are offered via an online marketplace.
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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 Purple Wave
| 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 - Purple Wave
| 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 |
Purple Wave Comparisons
Competitors of Purple Wave
Purple Wave 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 Ritchie Bros, Machinio, SalvageSale, EquipmentFacts.com and Equipment Trader, 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 |
Heavy machinery is auctioned via an online marketplace platform.
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| domain | founded_year | HQ Location |
Used heavy machinery is traded via an online auction marketplace.
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| domain | founded_year | HQ Location |
Heavy equipment and machinery are auctioned through an online marketplace.
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| domain | founded_year | HQ Location |
Online auction platform for construction equipment is managed.
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| domain | founded_year | HQ Location |
Serves as a marketplace for buying and selling heavy construction equipment.
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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 Purple Wave
When was Purple Wave founded?
Purple Wave was founded in 2000 and raised its 1st funding round 7 years after it was founded.
Where is Purple Wave located?
Purple Wave is headquartered in Manhattan, United States. It is registered at Manhattan, New York, United States.
Is Purple Wave a funded company?
Purple Wave is a funded company, having raised a total of $4.51M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.71M, raised on Feb 01, 2007.
How many employees does Purple Wave have?
As of Dec 31, 2022, the latest employee count at Purple Wave is 156.
What does Purple Wave do?
Founded in 2000 and based in Manhattan, United States, Purple Wave operates as an online auction platform within the used equipment sector. Listings for construction equipment, farm machinery, trucks, trailers, and vehicles are managed, including photos and pre-auction preparations. Event advertising is handled, followed by post-auction payment processing and ownership transfers for sellers. Buyers receive support for payments and equipment pickup.
Who are the top competitors of Purple Wave?
Purple Wave's top competitors include Ritchie Bros, Machinio and EquipmentFacts.com.
Who are Purple Wave's investors?
Purple Wave has 1 investor. Key investors include Copart.