The Softbank-backed online automotive marketplace has collected $93m in a Bain Capital-led round to take its total equity financing to $145m.
ACV Auctions, a US-based online vehicle retail platform backed by telecommunications and internet group SoftBank, secured $93m on Tuesday in a series D round was led by Bain Capital Ventures.
The fund, a subsidiary of private equity firm Bain Capital, was joined by venture capital firms Tribeca Ventures and Bessemer Venture Partners (BVP), sovereign wealth fund Future Fund and VC fund Armory Square Ventures.
Founded in 2014, ACV Auctions runs a service enabling users to buy and sell second-hand vehicles through…
