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 Aug 31, 2026, the latest employee count at BacklotCars is 7.

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.

Where does BacklotCars rank among its competitors?

BacklotCars ranks 6th amongst 652 active competitors, of which 37 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Carmatic, which secured $1.98M in Jun, 2024.

Who are the top competitors of BacklotCars?

BacklotCars' top competitors include Carmudi, Arnold Clark and Constellation Automotive Group. 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.

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

6^th among 652 active competitors

Employee Count

7 as on Aug 31, 2026

Similar Companies

Constellation Automotive Group & 151 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, 2021)	-

BacklotCars got acquired by KAR Global on Sep 10, 2020 at an acquisition amount of $*****.

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	4270587	Series B	9663191	8119528	7045648	5469702
Dec 07, 2018	7038370	Conventional Debt	7925009	1161657	7493421	3253098
Jun 13, 2018	2316339	Series A	1213640	5278587	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 7 employees as of Aug 26. Here is BacklotCars's employee count trend over the years:

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Top competitors of BacklotCars include Carmudi, Arnold Clark and Constellation Automotive Group. 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	Carmudi 2013, Berlin (Germany), Series B	Online marketplace of multi category vehicles	$45M	Tengelmann Ventures, HV Capital & 2 others	63/100
2nd	Arnold Clark 1954, Glasgow (United Kingdom), Unfunded	Online listing platform of used and new cars	-	-	61/100
3rd	Constellation Automotive Group 1946, Hook (United Kingdom), Series D	Provider of car marketplace	$1.41B	ADIA, GIC & 5 others	55/100
4th	Oto 2015, Jakarta (Indonesia), Series A	Automotive review & comparison platform	$25M	KMK Online	52/100
5th	Carnovo 2016, Barcelona (Spain), Series A	Online auction-based platform to purchase new cars	$9.8M	Mountain Partners, Antai Ventures & 6 others	51/100
6th	BacklotCars 2014, New York City (United States), Acquired	AI-powered wholesale automotive marketplace for confident and informed buying	$38M	Chaifetz Group, Revolution & 12 others	50/100
7th	Carmatic 2018, Nassau (United States), Acquired	Online dealer of new cars	$3.48M	-	49/100
8th	Hendy 1859, Eastleigh (United Kingdom), Unfunded	Provider of dealership services for new & used cars	-	-	46/100
9th	91Wheels 2019, Gurugram (India), Unfunded	Online vehicle listing platform	-	-	46/100
10th	Driveway 2007, Calabasas (United States), Funding Raised	Online platform for buying new and used cars	-	Battery Ventures	46/100