ACV Auctions raises $15 mln [Reuters]
Rand Capital Corporation - Closed End Fund (RAND)
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Source: Reuters
ACV Auctions said March 8 that it raised $15 million in venture funding led by Bessemer Venture Partners with participation from existing investors. ACV, of Buffalo, New York, provides a mobile platform that enables used-car dealers to view, bid and purchase car inventory via online auctions. PRESS RELEASE BUFFALO, N.Y., March 8, 2017 /PRNewswire/ — ACV Auctions, an advanced mobile platform that enables used-car dealers to view, bid and purchase car inventory via online auctions, today announced that it has secured $15 million in venture funding led by Bessemer Venture Partners with participation from existing investors. ACV will use the funds to expand into new territories. This investment round was led by Bessemer Venture Partners (BVP), a $4B venture capital firm with an established record of success. BVP partner Bob Goodman will join the Board of Directors. This Series B funding builds on the $5 million in venture capital that ACV Auctions secured in 2016; that round
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