Tech Company Financing Transactions

OpenLane Funding Round

OpenLane, based in Redwood City, scored $25 million in funding from Meritech Capital Partners, August Capital and RPM Ventures.

Transaction Overview

Company Name
Announced On
5/27/2008
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funds will be used to help the Company scale in line with rising demand for its online wholesale auction, while continuing to maintain high levels of customer service and product innovation

Company Information

Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
2200 Bridge Parkway 202
Redwood City, CA 94065
USA
Email Address
Overview
OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada.
Profile
OpenLane LinkedIn Company Profile
Social Media
OpenLane Company Twitter Account
Company News
OpenLane News
Facebook
OpenLane on Facebook
YouTube
OpenLane on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Peter Kelly
  Peter Kelly LinkedIn Profile  Peter Kelly Twitter Account  Peter Kelly News  Peter Kelly on Facebook
Chief Information Officer
Gary Edelstein
  Gary Edelstein LinkedIn Profile  Gary Edelstein Twitter Account  Gary Edelstein News  Gary Edelstein on Facebook
VP - Bus. Development
Andrew Iorgulescu
  Andrew Iorgulescu LinkedIn Profile  Andrew Iorgulescu Twitter Account  Andrew Iorgulescu News  Andrew Iorgulescu on Facebook
VP - General Counsel
Laurel Finch
  Laurel Finch LinkedIn Profile  Laurel Finch Twitter Account  Laurel Finch News  Laurel Finch on Facebook
VP - Human Resources
Scott Cross
  Scott Cross LinkedIn Profile  Scott Cross Twitter Account  Scott Cross News  Scott Cross on Facebook
VP - Sales
Chuck Tapp
  Chuck Tapp LinkedIn Profile  Chuck Tapp Twitter Account  Chuck Tapp News  Chuck Tapp on Facebook


 

 

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Prev: 5/27/2008: Vantos venture capital transaction
Next: 5/27/2008: United Sample venture capital transaction

 

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