Openlane
Signal active
Investment Firm
Overview
Openlane powers the world’s most trusted automotive marketplaces through innovation, technology and people. Their end-to-end platform serves the remarketing needs of the world’s largest OEMs, dealers, fleet operators, rental companies and financial institutions.
Highlights
Founded
2006
Industry
Marketplace
Employees
1001-5000
Investment
2
Lead Investment
1
Exits
undefined
Stages
Early Stage Venture
Investor Type
N/A
Location
United States, North America
Contact Information
Social
Profile Resume
Openlane, established in 2006 and headquartered in United States, North America., specializes in Early Stage Venture investments across E-Commerce, Retail, Shopping, Automotive, Software, Machine Learning, InsurTech, Mobile Apps, Quality Assurance, Auto Insurance. Their recent investments include Canada Drives, Ravin AI, PICO Venture Partners, Shell Ventures. The highest investment round they participated in was $2.2B. Among their most notable exits are Canada Drives and Ravin AI. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
Openlane has made 2 investments. Their most recent investment was on Aug 18, 2021, when Canada Drives raised $79.0M.
investments
2
Diversity investments
0
Lead investments
1
Number of exits
undefined
Investments
2
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Mar 16, 2021 | Ravin AI | Software | 15.0M |
| Aug 18, 2021 | Canada Drives | E-Commerce | 79.0M |
Exits
0
Funding Timeline
Funding rounds
2
Investors
4
Funds
0
Funding Rounds
2
Openlane has raised 2 rounds. Their latest funding was raised on Aug 18, 2021 from a Series B - Canada Drives round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Mar 16, 2021 | Series A - Ravin AI | - | 15.0M | - |
| Aug 18, 2021 | Series B - Canada Drives | - | 79.0M | - |
Investors
5
Openlane is funded by 5 investor(s). Apax Partners and Periphas Capital Kantor are the most recent investors.
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
HarbourVest Partners | No | Post-IPO Equity - Openlane | 0 |
Periphas Capital | No | Post-IPO Equity - Openlane | 550.0M |
Apax Partners | Yes | Post-IPO Equity - Openlane | 550.0M |
| - | No | Post-IPO Debt - Openlane | 140.0M |
HarbourVest PartnersFund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
There is no recent news or activity for this profile.