How much funding has Backlotcars raised?

Backlotcars has raised $37.8M in total funding, most recently a Series B round.

Who are Backlotcars's investors?

Backlotcars's investors include KAR Global, Stripes, KCRise Fund, Origin Ventures, Pritzker Group Venture Capital, Royal Street Ventures.

Where is Backlotcars headquartered?

Backlotcars is headquartered in United States.

What industry is Backlotcars in?

Backlotcars operates in Mobility.

How many employees does Backlotcars have?

Backlotcars has 201-500 employees.

Backlotcars

formerly Backlot CarsAcquired

Easy wholesale starts here

United States · $37.8M raised

Mobility

Employees: 201–500
Business Model: Marketplace
Website: backlotcars.com

Total Funding: $37.8M
Last Round: $25.0M Series BApr 2019
Rounds: 3

About

BacklotCars was a digital wholesale auto auction marketplace that connected independent car dealers to buy and sell used vehicles online. Founded in 2014 in Kansas City, it disrupted the $100 billion wholesale auto market by enabling dealers to transact without physical auctions, offering features like AI-analyzed engine recordings and damage detection. The company raised $51.7M across multiple rounds before being acquired by KAR Global (now OPENLANE) in November 2020 for $425 million. In 2023, the BacklotCars platform was consolidated into the OPENLANE marketplace.

Summary

Backlotcars is a Mobility company based in United States. It has raised $37.8M in total across 3 rounds, most recently a $25.0M Series B round in Apr 2019. Investors include KAR Global, Stripes and KCRise Fund.

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