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