When was BacklotCars founded?

BacklotCars was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is BacklotCars located?

BacklotCars is headquartered in New York City, United States. It is registered at Kansas City, Missouri.

How many employees does BacklotCars have?

As of Dec 31, 2022, BacklotCars has 1 employee, reflecting a 99% year-over-year decline in headcount.

Is BacklotCars a funded company?

BacklotCars is a funded company, having raised a total of $38M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 12, 2015.

When was the latest funding round of BacklotCars?

BacklotCars' latest funding was a $***** Series B round on Apr 15, 2019, with participation from 7 investors. Its primary sector is Auto E-Commerce & Content. In United States, the Auto E-Commerce & Content sector has seen $20M in funding in 2026 to date.

Where does BacklotCars rank among its competitors?

BacklotCars ranks 3rd amongst 144 active competitors, of which 9 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Carmatic, which secured $1.97M in Jun, 2024.

Who are the top competitors of BacklotCars?

BacklotCars' top competitors include Larry H. Miller Dealerships, Carmatic and BMW Car Club of America. Among them, Carmatic secured the most recent funding round in June, 2024.

BacklotCars - 2026 Company Profile, Team, Funding & Competitors

Q: Is BacklotCars an acquired company?

BacklotCars got acquired by KAR Global on Sep 10, 2020.

BacklotCars is an acquired company based in New York City (United States), founded in 2014 by Ryan Davis and Justin Davis. It operates as an AI-powered wholesale automotive marketplace for confident and informed buying. BacklotCars has raised $38M in funding from investors like Origin Ventures, 500 Global and KCRise Fund. The company has 144 active competitors, including 9 funded and 18 that have exited. Its top competitors include companies like Larry H. Miller Dealerships, Carmatic and BMW Car Club of America.

Company Details

AI-powered wholesale automotive marketplace for confident and informed buying. It offers a platform designed to simplify the wholesale buying process with advanced technology. The platform provides AI-analyzed engine recordings, highlighting potential issues for dealer vehicles, and offers sample recordings for comparison. Code Boost IQ translates OBD2 codes into an easy-to-understand format, aiding in better buying decisions. AI-assisted damage detection, confirmed by experienced inspectors, ensures faster and more informed decisions. The marketplace features a wide selection of vehicles, catering to various needs and preferences. This innovative approach fosters greater confidence and efficiency in the wholesale automotive industry, leveraging artificial intelligence and data analysis to improve the buying experience. It is a B2B platform that offers login, sign-up, and password reset functionalities.

Website: backlotcars.com
Social
Registered Address: Kansas City, Missouri

Key Metrics

Founded Year

2014

Location

New York City, United States

Stage

Acquired

Total Funding

$38M in 6 rounds

Latest Funding Round

Series B, Apr 15, 2019, $*****

Investors

Origin Ventures & 13 more

Ranked

3^rd among 144 active competitors

Employee Count

1 as on Dec 31, 2022

Similar Companies

Xiamen Yiche Times Information Technology & 87 more

Exit Details

Acquired by KAR Global (Sep 10, 2020)

View BacklotCars' full profile

BacklotCars is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BACKLOTCARS, INC. CIN: 473475609 , United States, Active	Jan 19, 2015	-	1 (As on Dec 31, 2022)	-

BacklotCars got acquired by KAR Global on Sep 10, 2020 at an acquisition amount of $425M. It was facilitated by Guyer, Winston & Strawn, O'Keeffe & O'Malley and 1 more.

Click here to take a look at BacklotCars's acquisition in detail

BacklotCars has raised a total funding of $38M over 6 rounds. Its first funding round was on May 12, 2015. Its latest funding round was a Series B round on Apr 15, 2019 for $*****. 7 investors participated in its latest round. BacklotCars has 14 institutional investors.

Here is the list of recent funding rounds of BacklotCars:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 15, 2019	2371257	Series B	9065934	1300368	7016033	1627089
Dec 07, 2018	2028100	Conventional Debt	5450761	3401039	6177479	1098628
Jun 13, 2018	9426204	Series A	4173124	7405442	Origin Ventures	Revolution & 4 more

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View details of BacklotCars's funding rounds and investors

The founders of BacklotCars are Ryan Davis and Justin Davis.

Here are the details of BacklotCars' key team members:

Ryan Davis: Co-Founder of BacklotCars.
Justin Davis: Co-Founder of BacklotCars.

View details of BacklotCars's Founder profiles and Board Members

BacklotCars' employee count trend

BacklotCars has 1 employees as of Dec 22. The total employee count is 99.0% lower than what it was in Dec 21. Here is BacklotCars's employee count trend over the years:

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Top competitors of BacklotCars include Larry H. Miller Dealerships, Carmatic and BMW Car Club of America. Here is the list of Top 10 competitors of BacklotCars, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Larry H. Miller Dealerships 1996, Albuquerque (United States), Acquired	Online dealer of new vehicles	-	-	45/100
2nd	Carmatic 2018, Nassau (United States), Acquired	Online dealer of new cars	$3.47M	-	44/100
3rd	BacklotCars 2014, New York City (United States), Acquired	AI-powered wholesale automotive marketplace for confident and informed buying	$38M	Revolution, Stripes & 12 others	41/100
4th	BMW Car Club of America 1969, Greer (United States), Unfunded	Car club that offers a corporate rebate program and membership benefits for BMW enthusiasts	-	-	41/100
5th	Hammer Price 2015, Dallas (United States), Acquired	Car auction app	-	-	39/100
6th	National Auto Fleet Group 2011, Watsonville (United States), Unfunded	Family-owned all-in-one vehicle vendor that caters to government agencies	-	-	36/100
7th	Driveway 2007, Calabasas (United States), Funding Raised	Online platform for buying new and used cars	-	Battery Ventures	34/100
8th	Chariotz 2013, Brea (United States), Unfunded	Online listing platform for automotives	-	-	33/100
9th	KarFarm 2011, San Francisco (United States), Seed	AI-powered platform revolutionizing automotive retail customer engagement and sales automation	$1.25M	igniteXL, Innobridge Capital & 3 others	32/100
10th	CARHP 2016, Wilmington (United States), Unfunded	Online new car listing platform for buyers	-	-	32/100