Online Retailer Raises $8 Million

By Staff Writer December 21, 2018

BacklotCars, an online used-car marketplace for automotive dealers, announced $8 million in series A funding, with an additional $10 million in an expanded credit facility.

The financing was led by Origin Ventures with participation from Revolution's Rise of the Rest Seed Fund, Pritzker Group Venture Capital, KCRise Fund, Royal Street Ventures, Chaifetz Group, and others.

Origin Ventures co-founder and partner Steve Miller will join the company's board of directors.

In the last year, BacklotCars has expanded into several new states as transaction volume has surpassed $100 million on an annualized basis.

Last modified on Friday, 21 December 2018 13:57

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