When was Purple Wave founded?

Purple Wave was founded in 2000 and raised its 1st funding round 7 years after it was founded.

Where is Purple Wave located?

Purple Wave is headquartered in Manhattan, United States. It is registered at Manhattan, Kansas.

How many employees does Purple Wave have?

As of Jun 30, 2026, the latest employee count at Purple Wave is 418.

Is Purple Wave a funded company?

Purple Wave is a funded company, having raised a total of $4.51M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 2007.

When was the latest funding round of Purple Wave?

Purple Wave's latest funding was a $***** Series A round on Oct 10, 2023, with participation from 1 investor.

Where does Purple Wave rank among its competitors?

Purple Wave ranks 10th amongst 44 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Purple Wave, which secured an undisclosed amount in Oct, 2023.

Who are the top competitors of Purple Wave?

Purple Wave's top competitors include Ritchie Bros, IronPlanet and Machinio. Among them, Purple Wave secured the most recent funding round in October, 2023.

Purple Wave - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online auction platform for used equipment. It lists used construction equipment, farm equipment, trucks, trailers and vehicles. It helps sellers by managing pre-auction listings photos, event advertising, post-auction payment and transfer of ownership. It also assists buyers with payment and pickup.

Website: www.purplewave.com/
Social
Email ID: *****@purplewave.com
Phone Number: +1 **********
Registered Address: Manhattan, Kansas

Key Metrics

Founded Year

2000

Location

Manhattan, United States

Stage

Series A

Total Funding

$4.51M in 3 rounds

Latest Funding Round

Series A, Oct 10, 2023, $*****

Investors

Copart & 1 more

Ranked

10^th among 44 active competitors

Employee Count

418 as on Jun 30, 2026

Similar Companies

Ritchie Bros & 139 more

View Purple Wave's full profile

Purple Wave is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PURPLE WAVE INC CIN: 1426367 , United States, Active		$1M - $5M (As on Jul 26, 2010)	-	-
PURPLE WAVE, INC. CIN: 260724318 , United States, Active	Jul 26, 2007	-	356 (As on Dec 31, 2024)	-

Purple Wave has raised a total funding of $4.51M over 3 rounds. Its first funding round was on Feb 2007. Its latest funding round was a Series A round on Oct 10, 2023 for $*****. 1 investor participated in its latest round. Purple Wave has 2 institutional investors.

Here is the list of recent funding rounds of Purple Wave:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 10, 2023	5948229	Series A	7008357	3220503	6824939	3635994
Jul 26, 2010	3276760	Series A	5613926	8567959	4927668	2060076
Feb 2007	1160902	Series A	3452892	9422977	1868174	2946978

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View details of Purple Wave's funding rounds and investors

The founders of Purple Wave is Aaron McKee.

Here are the details of Purple Wave's key team members:

Aaron McKee: Founder & CEO of Purple Wave.
Contact Info: 1 email address

View details of Purple Wave's Founder profiles and Board Members

Purple Wave's employee count trend

Purple Wave has 418 employees as of Jun 26. Here is Purple Wave's employee count trend over the years:

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Top competitors of Purple Wave include Ritchie Bros, IronPlanet and Machinio. Here is the list of Top 10 competitors of Purple Wave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ritchie Bros 1958, Valley Falls (United States), Public	Provider of the auction-based marketplace offering heavy machinery	-	Vulcan Capital	70/100
2nd	IronPlanet 1998, Brisbane (Australia), Acquired	App-based platform that provides auctions for used heavy equipment	$84.6M	Cross Creek, Union Grove Venture Partners ... & 22 others	52/100
3rd	Machinio 2012, Chicago (United States), Acquired	Auction based marketplace for used heavy machinery	$4.04M	Angelneers, Elevation Partners & 4 others	50/100
4th	4Rivers Equipment 1926, Greeley (United States), Unfunded	Provides construction equipment solutions	-	-	48/100
5th	EquipmentFacts.com 2001, Lincoln (United States), Acquired	Provider of an online auction management platform for construction equipment	-	-	47/100
6th	TractorHouse 2005, Lincoln (United States), Unfunded	Online listing platform for selling and buying of old tractor and farm machinery	-	-	44/100
7th	IronPlanet 1999, Pleasanton (United States), Acquired	Provider of online auctions for used heavy construction equipment and trucks	$84.6M	Cross Creek, Union Grove Venture Partners ... & 14 others	42/100
8th	Rock & Dirt 1950, Crossville (United States), Acquired	Online listing and auction platform for construction industry	-	-	41/100
9th	Equipment Trader 2009, Norfolk (United States), Unfunded	Marketplace for selling and buying of heavy equipment in the construction industry	-	-	40/100
10th	Purple Wave 2000, Manhattan (United States), Series A	Online auction platform for used equipment	$4.51M	The Angels’ Forum, Copart	39/100