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 gloomy year ahead for the car industry — even though OpenLane says sales have remained stead. It sold about 270,000 cars in 2007, bringing in $60 million in revenue, the… Continue Reading
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 million, and that growth is accelerating — according to its executives. So the company has just taken $25 million in financing to help maintain momentum.
Openlane is one of those early… Continue Reading
RiverGlass takes $2.4 million for information analytics
Search engines often don’t cut it for efficient, in-depth research. Riverglass is a Champaign, Ill. startup that helps cut through and organize the information on the internet for business and government use.
Riverglass says that it can intelligently gather information on specific subjects and present summaries for it. State and federal agencies are prime clients for the company’s software, which can help create intelligence reports for analysts.
The $2.4 million funding was provided by RPM Ventures, IllinoisVENTURES… Continue Reading