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
Not available
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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
Not available
- Investors
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Employee Count
156
as on Dec 31, 2022
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People of Purple Wave
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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.
Investors in Purple Wave
Purple Wave has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Copart.
| Investor | Description | Founded Year | Domain | Location |
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Used and salvaged vehicles are offered via an online marketplace.
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Investor details for Purple Wave
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Investments & Acquisitions by Purple Wave
Investment portfolio details for Purple Wave
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Financial Statements - Purple Wave
Detailed financials for Purple Wave
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Purple Wave Comparisons
Peer comparison for Purple Wave
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Heavy machinery is auctioned via an online marketplace platform.
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Used heavy machinery is traded via an online auction marketplace.
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Heavy equipment and machinery are auctioned through an online marketplace.
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Online auction platform for construction equipment is managed.
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Serves as a marketplace for buying and selling heavy construction equipment.
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Detailed competitors of Purple Wave
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Latest news on Purple Wave
Complete news archive for Purple Wave
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Frequently Asked Questions about Purple Wave
Purple Wave was founded in 2000 and raised its 1st funding round 7 years after it was founded.
Purple Wave is headquartered in Manhattan, United States. It is registered at Manhattan, New York, United States.
Purple Wave is a funded company, having raised a total of $4.51M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Purple Wave is 156.
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.
Purple Wave's top competitors include Ritchie Bros, Machinio and EquipmentFacts.com.
Purple Wave has 1 investor. Key investors include Copart.