OpenLane speeds ahead with $10M

OpenLane, an online auto auction service, has brought in $10 million in eighth-round funding from Meritech Capital Partners, August Capital, RPM Ventures and Zilkha Venture Partners — bringing its total capital raised to $75 million, reports VentureWire.

The new money should come in handy considering the… Continue Reading

Dotcom crash survivor Openlane, a wholesale auto auction site, returns for $25M funding

Dotcom crash survivor Openlane, a wholesale auto auction site, returns for $25M funding

Openlane, an Internet company that helps auction off automobiles, is just the latest old “B2B” company starting to thrive after struggling in the wake of the first Internet boom.

The company saw 60 percent growth in revenues last year, for a total of more than $60… Continue Reading