Auction.io, a Dallas, TX-based B2B SaaS provider of auction and e-commerce solutions, secured funding round.
The investment was from investors including Agya Ventures, Adam Neumann (166 2nd Financial Services), Liquid 2 Ventures, Sam Parr, SRM Development, and more.
Agya Ventures is a NYC-based venture capital firm investing in early-stage startups defining the future of physical and financial infrastructure.
Adam Neumann is the Co-Founder & CEO at 166 2nd Financial Services and Founder at Flow.
Founded in 2015, Liquid 2 Ventures is a venture capital firm based in San Francisco, California. The firm prefers to invest in early-stage companies. The firm prefers to invest in the technology sector.
Sam Parr is the founder & CEO of The Hustle – one of America's fastest-growing media companies with a focus on millennials, tech, and culture.
SRM Development is a privately owned real estate firm specializing in the acquisition, development, and construction of properties.
Auction.io Use of Funds
The company will use the funding to accelerate its growth across various verticals, including returns processing, automotive, collectibles, animals, real estate, and more.
Founded in October 2021, Auction.io is a Dallas, Texas-based B2B SaaS solution company specializing in providing customizable single and multiple vendor e-commerce auction marketplaces in the U.S. and globally. Auction.io leverages machine learning and AI to enhance the auction experience for both buyers and sellers. The company offers sellers a platform to sell faster, secure more bids, exercise greater control, and reduce costs. Its mission is to provide cutting-edge auction platforms that revolutionize the way businesses interact and transact with their audience.
Company: YourStore LLC
Round: Seed Round
Funding Month: October 2023
Lead Investors: Agya Ventures, Adam Neumann, Liquid 2 Ventures, Sam Parr, SRM Development
Company website: https://auction.io/
Software Category: SaaS E-commerce Auctions Software