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Profitable auto site AuctionEdge closes funding at $10.8M

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

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Fast-growing AuctionEdge makes another buy in auto auction arena

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