Tech Company Financing Transactions
BacklotCars Funding Round
BacklotCars closed a $25 million Series B investment round on 4/16/2019. Investors included Stripes Group, Chaifetz Group and KCRise Fund.
Transaction Overview
Company Name
Announced On
4/16/2019
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Stripes Group (Lead Investor) (Saagar Kulkarni)
Origin Ventures (Steve Miller)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
1712 Main St. 600
Kansas City, MS 64108
USA
Kansas City, MS 64108
USA
Phone
Website
Email Address
Overview
BacklotCars is an online marketplace for auto dealers. Through BacklotCars- auto dealers, auto finance, and rental car companies can transact without having to go to physical auctions. Our end to end solution is truly seamless for dealers, as Backlot provides vehicle inspections, transportation, and inventory finance.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Justin Davis
Chief Operating Officer
Josh Parsons
Chief Technical Officer
Fabricio Solanes
Co-Founder
Ryan Davis
Browse more venture capital transactions:
Prev: 4/16/2019: 3DSignals venture capital transaction
Next: 4/16/2019: EIP Pharma venture capital transaction
Share this article
News on VC Transactions
We document every notable VC transaction. All VC database entries on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs