Backlotcars
formerly Backlot CarsAcquiredEasy wholesale starts here
United States · $37.8M raised
- Employees
- 201–500
- Business Model
- Marketplace
- Website
- backlotcars.com
- Total Funding
- $37.8M
- Last Round
- $25.0M Series BApr 2019
- Rounds
- 3
- Acquisition Date
- Sep 2020
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.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Sep 2020
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Investors
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