When was Openlane founded?

Openlane was founded in 1999 and raised its 1st funding round 9 years after it was founded.

Where is Openlane located?

Openlane is headquartered in Redwood City, United States.

How many employees does Openlane have?

As of Jul 01, 2024, the latest employee count at Openlane is 114.

Is Openlane a funded company?

Openlane is a funded company, having raised a total of $75M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on 2008.

When was the latest funding round of Openlane?

Openlane's latest funding was a $***** Post IPO round on May 26, 2020, with participation from 2 investors.

Where does Openlane rank among its competitors?

Openlane ranks 7th amongst 522 active competitors, of which 27 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Tantalus, which secured $157K in Feb, 2026.

Who are the top competitors of Openlane?

Openlane's top competitors include Droom, Copart and ACV Auctions. Among them, Tantalus secured the most recent funding round in February, 2026.

Openlane - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online used cars auction platform. It provides a platform for buying and selling wholesale vehicles. It provides a mobile app that allows car dealers to launch and participate in live auctions. It also provides auction and remarketing services through offline, online, digital, and mobile auction marketplaces.

Website: openlane.com
Social
Email ID: *****@openlane.com
Phone Number: +1 **********

Key Metrics

Founded Year

1999

Location

Redwood City, United States

Stage

Acquired

Total Funding

$75M in 3 rounds

Latest Funding Round

Post IPO, May 26, 2020, $*****

Investors

Meritech & 5 more

Ranked

7^th among 522 active competitors

Employee Count

114 as on Jul 01, 2024

Investment & Acquisitions

Recovery Database Network

Similar Companies

ACV Auctions & 113 more

Exit Details

Acquired by KAR Global (Aug 15, 2011)

View Openlane's full profile

Openlane got acquired by KAR Global on Aug 15, 2011. It was facilitated by Signal Hill and DC Advisory.

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

Openlane has raised a total funding of $75M over 3 rounds. Its first funding round was on 2008. Its latest funding round was a Post IPO round on May 26, 2020 for $*****. 2 investors participated in its latest round. Openlane has 6 institutional investors.

Here is the list of recent funding rounds of Openlane:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 26, 2020	5463861	Post IPO	6287734	2935027	8487965	7087102
Dec 31, 2008	2582445	Series B	3382518	7083946	7622554	Meritech & 2 more
2008	9037	Series B	8289	4732	Meritech	7687

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View details of Openlane's funding rounds and investors

The founders of Openlane is Jorge Borbolla.

Here are the details of Openlane's key team members:

Jorge Borbolla: Co-Founder of Openlane and founder of 1 other company.
Contact Info: 1 email address
James Hallett: CEO of Openlane.
Contact Info: 3 email addresses

View details of Openlane's Founder profiles and Board Members

Openlane's employee count trend

Openlane has 114 employees as of Jul 24. Here is Openlane's employee count trend over the years:

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Top competitors of Openlane include Droom, Copart and ACV Auctions. Here is the list of Top 10 competitors of Openlane, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Toyota Tsusho & 67 others	75/100
2nd	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	74/100
3rd	ACV Auctions 2014, Buffalo (United States), Series E	Online marketplace providing auction services for used vehicles to licensed dealers	$350M	Bessemer Venture Partners, Tribeca Venture Partners ... & 16 others	70/100
4th	CarLotz 2011, Charlotte (United States), Acquired	Online P2P consignment-based car trading platform	$37M	Capital Q Ventures, TRP & 1 others	68/100
5th	Insurance Auto Auctions 1982, Westchester (United States), Acquired	App-based B2C auction-based marketplace for used cars	-	ValueAct Capital, Parthenon Capital & 2 others	65/100
6th	Tantalus 1989, Raleigh (United States), Public	Communication technology provider for smart grids	$58.7M	Sanders Morris Harris Group, ARC Financial ... & 10 others	65/100
7th	Openlane 1999, Redwood City (United States), Acquired	Online used cars auction platform	$75M	August Capital, Apax & 4 others	64/100
8th	Manheim 1945, Atlanta (United States), Unfunded	Provider of used vehicle services and marketplace for vehicle exchange	-	-	62/100
9th	Everise 2016, Singapore (Singapore), Acquired	Customer experience management software	-	Warburg Pincus, Everstone Capital & 2 others	59/100
10th	MarketStar 1988, Ogden (United States), Acquired	Provider of outsourced sales and marketing services	-	-	59/100