Tech Company Financing Transactions
Auction.io Funding Round
Auction.io, based in Las Vegas, secured funding from Agya Ventures, private investors and Liquid 2 Ventures.
Transaction Overview
Company Name
Announced On
10/20/2023
Transaction Type
Venture Equity
Amount
Unknown
Round
Seed
Investors
private investors (Adam Neumann)
private investors (Sam Parr)
Proceeds Purpose
This funding will empower Auction.io to expedite growth across key verticals, including returns processing, automotive, collectibles, animals, real estate, and more. Additionally, it will support marketing initiatives and enable the scaling of its workforce to meet surging demand for its auction solutions
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
2900 E Patrick Ln A6
Las Vegas, NV 89120
USA
Las Vegas, NV 89120
USA
Phone
Website
Email Address
Overview
Auction.io was launched in 2022 and has secured 50+ paying customers essentially with no marketing dollars. Our strategy is to target enterprise auction sellers (who are using eBay, Live Auctioneers and other platforms) and enable them to build their own brand and storefront while saving on fees. We have deep experience in several categories, including collectables, automotive, liquidation, charity, live animals, electronics, and, with the acquisition of Doorsey.com real estate. Basically, the business model is to be like Shopify for auctions and we have a robust solution with AI that gets users to have their own auction site in an hour.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jordan Allen
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