ACV Auctions Inc., a dealer-to-dealer, online automotive marketplace, has secured $150 million in Series E funding. The investment was led by Wellington Management Co. and Fidelity Management & Research Co.  Included were existing investors such as Bain Capital Ventures, Bessemer Venture Partners and Tribeca Venture Partners

The new capital will fuel ACV Auctions’ investment in technology and data-driven solutions that will help dealerships source and sell used vehicles.