Tech Company Financing Transactions

ACV Auctions Funding Round

ACV Auctions closed a $150 million Series E funding round on 11/14/2019. Backers included Fidelity Management & Research Company, Wellington Management Company and Bain Capital Ventures.

Transaction Overview

Company Name
Announced On
11/14/2019
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Series E
Investors

Fidelity Management & Research Company (Lead Investor)

Wellington Management Company (Lead Investor)

Bain Capital Ventures (Brian Goldsmith)

Bessemer Venture Partners (Robert Goodman)

Tribeca Venture Partners

Proceeds Purpose
The new capital will fuel ACV Auctions' investment in technology and data-driven solutions that will help dealerships source and sell used vehicles.

Company Information

Company Status
Publicly-held
Industry
Transportation
Mailing Address
640 Ellicott St. 321
Buffalo, NY 14203
USA
Email Address
Overview
We are on a mission to fundamentally change the wholesale automotive industry, by providing a level of trust and transparency that was once unimaginable. We will continue to raise the bar every day by investing in our people and technology to help our customers succeed.
Profile
ACV Auctions LinkedIn Company Profile
Social Media
ACV Auctions Company Twitter Account
Company News
ACV Auctions News
Facebook
ACV Auctions on Facebook
YouTube
ACV Auctions on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
George Chamoun
  George Chamoun LinkedIn Profile  George Chamoun Twitter Account  George Chamoun News  George Chamoun on Facebook
Chief Marketing Officer
Kate Clegg
  Kate Clegg LinkedIn Profile  Kate Clegg Twitter Account  Kate Clegg News  Kate Clegg on Facebook
Chief Operating Officer
Vikas Mehta
  Vikas Mehta LinkedIn Profile  Vikas Mehta Twitter Account  Vikas Mehta News  Vikas Mehta on Facebook
Chief Technical Officer
Daniel Magnuszewski
  Daniel Magnuszewski LinkedIn Profile  Daniel Magnuszewski Twitter Account  Daniel Magnuszewski News  Daniel Magnuszewski on Facebook
VP - Bus. Development
Craig Anderson
  Craig Anderson LinkedIn Profile  Craig Anderson Twitter Account  Craig Anderson News  Craig Anderson on Facebook
VP - Customer Service
Joseph Neiman
  Joseph Neiman LinkedIn Profile  Joseph Neiman Twitter Account  Joseph Neiman News  Joseph Neiman on Facebook
VP - Sales
Michael Waterman
  Michael Waterman LinkedIn Profile  Michael Waterman Twitter Account  Michael Waterman News  Michael Waterman on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/14/2019: Qualia venture capital transaction
Next: 11/14/2019: Orbital Insight venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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