Profitable auto site AuctionEdge closes funding at $10.8M

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Fast-growing automobile auction site AuctionEdge has topped off its latest funding round at $10.8 million, giving the profitable company even more cash to consolidate what’s known as the auto remarketing industry. Weld confirmed the closing of the new funding, but he declined to disclose investors, other than to say that no “institutional money” is involved. He… Read More…

Fast-growing AuctionEdge makes another buy in auto auction arena

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Another day, another acquisition by AuctionEdge. The fast-growing Seattle company, led by entrepreneur David Weld, today announced that it has acquired Statesville, North Carolina-based Auction Software Inc. Terms of the deal were not disclosed, but this marks the third purchase by AuctionEdge in the online automotive auction space in the past two months. ASI was founded… Read More…

Auction Edge makes another buy in bid to upend used car business

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A couple days ago we told you about Auction Edge, the stealthy Seattle startup which is looking to transform the way automobiles are sold at auction. At the time, we reported that the company — led by startup veteran David Weld — had acquired Auction Pipeline of Spokane. We also noted that it planned to… Read More…

Startup vet David Weld looks to transform used car business with Auction Edge

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Seattle entrepreneur David Weld is fast at work on a new company called Auction Edge that’s coming on the scene in a big way, already gobbling up Spokane-based Auction Pipeline and eyeing several other acquisitions as it builds out a software platform for the wholesale automotive market. We first came across the company in a SEC filing, which… Read More…