The Appraisal Lane - About the company
The Appraisal Lane is a series A company based in Carmel (United States), founded in 2014 by Andrew Iorgulescu, Scott Gales, Jeff Risner and Chris Tomchay. It operates as a Pricing & appraisal software for auto dealers. The Appraisal Lane has raised $1.77M in funding. The company has 159 active competitors, including 16 funded and 12 that have exited. Its top competitors include companies like Cognosos, Work Truck Solutions and Carketa.
Company Details
TheAppraisalLane is pricing & appraisal software for auto dealers. It manages appraisal submissions, purchase offers, communications, sales, and fulfillment channel information & more. It enables dealers to move used car inventory by providing valuations, consumer trade-in & more.
- Website
- theappraisallane.com
- Social
- Email ID
- *****@theappraisallane.com
Key Metrics
Founded Year
2014
Location
Carmel, United States
Stage
Series A
Total Funding
$1.77M in 2 rounds
Latest Funding Round
Investors
Ranked
24th among 159 active competitors
Employee Count
27 as on Jul 01, 2024
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The Appraisal Lane's funding and investors
The Appraisal Lane has raised a total funding of $1.77M over 2 rounds. Its first funding round was on Sep 23, 2016. Its latest funding round was a Series A round on Oct 24, 2016 for $*****. 1 investor participated in its latest round. The Appraisal Lane has 1 institutional investor.
Here is the list of recent funding rounds of The Appraisal Lane:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 24, 2016 | 4836701 | Series A | 8819876 | 7506989 | 7075465 | 4909451 |
Sep 23, 2016 | 8957246 | Seed | 3027977 | 8884996 | 7015065 | 1037289 |
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The Appraisal Lane's founders and board of directors
Founder? Claim ProfileThe founders of The Appraisal Lane are Andrew Iorgulescu, Scott Gales, Jeff Risner and Chris Tomchay.
Here are the details of The Appraisal Lane's key team members:
- Andrew Iorgulescu: Co-founder and President of The Appraisal Lane. They serve on the board of 1 company.
- Scott Gales: Co-Founder of The Appraisal Lane. Contact Info: 1 email address
- Jeff Risner: Co-Founder & CEO of The Appraisal Lane. Contact Info: 1 email address
- Chris Tomchay: Co-Founder & COO of The Appraisal Lane. Contact Info: 1 email address
View details of The Appraisal Lane's Founder profiles and Board Members
The Appraisal Lane's employee count trend
The Appraisal Lane has 27 employees as of Jul 24. Here is The Appraisal Lane's employee count trend over the years:
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The Appraisal Lane's Competitors and alternates
Top competitors of The Appraisal Lane include Cognosos, Work Truck Solutions and Carketa. Here is the list of Top 10 competitors of The Appraisal Lane, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Cognosos 2014, Atlanta (United States), Series B | IoT-enabled solution provider using patented communication technology | $40.9M | 62/100 | |
2nd | Work Truck Solutions 2012, Chico (United States), Acquired | SaaS-driven inventory management solutions for truck dealerships | $5M | 55/100 | |
3rd |  Carketa 2018, Lehi (United States), Series A | Inventory management solutions for automotive dealerships | $11.8M | 54/100 | |
4th |  VINCUE 2015, Kansas City (United States), Series B | Inventory management solutions for automotive dealerships | $6.16M | 51/100 | |
5th |  AutoHub 2017, Tiburon (United States), Seed | Vehicle appraisal platform generating quality trade-in leads for dealerships | $120K | 47/100 | |
6th |  Dealerware 2017, Austin (United States), Unfunded | SaaS-driven inventory management solution for auto retailers | - | - | 47/100 |
7th |  Halligan 2016, New York City (United States), Acquired | Provider of inventory management & vehicle maintenance solutions | - | - | 45/100 |
8th | Provider of solutions addressing supply, stock turnover, and sales for showrooms | $50M | 44/100 | ||
9th |  Dealer Specialties 1989, Ohio City (United States), Unfunded | Inventory management solution for auto-dealers | - | - | 42/100 |
10th | Used cars insights | - | - | 42/100 | |
24th | The Appraisal Lane 2014, Carmel (United States), Series A | Pricing & appraisal software for auto dealers | $1.77M | 33/100 |
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The Appraisal Lane's Investments and acquisitions
The Appraisal Lane has made no investments or acquisitions yet.
Reports related to The Appraisal Lane
Here is the latest report on The Appraisal Lane's sector:
News related to The Appraisal Lane
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Zenoss Appoints Trent Fitz as Chief Marketing OfficerBusiness Wire•Jan 27, 2022•Zenoss, SailPoint, Continuant, The Appraisal Lane
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The Appraisal Lane Launches Android App for Consumers at Google PlayPR Newswire•May 07, 2019•The Appraisal Lane
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Black Book and The Appraisal Lane collaborate to reduce strife over trade valuesAuto Remarketing•Jan 18, 2019•, The Appraisal Lane
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The Appraisal Lane Rolls into Texas to Meet Increased Dealer DemandPR Newswire•Feb 08, 2018•The Appraisal Lane
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