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
Meritech Capital Partners (Lead Investor) (Paul Madera)
August Capital (David Marquardt)
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
Redwood City, CA 94065
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Kelly
Chief Information Officer
Gary Edelstein
VP - Bus. Development
Andrew Iorgulescu
VP - General Counsel
Laurel Finch
VP - Human Resources
Scott Cross
VP - Sales
Chuck Tapp
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