BacklotCars taking over full floor of new Lightwell building following $25M funding round
August 2, 2019 | Startland News Staff
A 20,000-square-foot space in one of Kansas City’s most recently remodeled downtown office buildings will allow BacklotCars room to continue expanding its team, while also impressing high-level targets, said Josh Parsons.
Lightwell building, downtown Kansas City
“The location, design and amenities of the project are exactly what is needed to attract the top tech talent to Kansas City,” said Parsons, co-founder and COO at BacklotCars, describing the look and feel of the space at 12th and Main streets. “We are very excited to be moving into the new Lightwell building and feel that it will be a great place for our ever-growing team to call home.”
BacklotCars joins WeWork as top-tier tenants at Lightwell, which boasts 180,000 square feet of contiguous availability, the largest existing block of space in downtown Kansas City, according to its developers. WeWork plans to occupy two floors of the building, formerly branded as City Center.
Now operating from within Plexpod Crossroads, BacklotCars — which offers a wholesale platform for auto dealers — is expected to move into Lightwell later this month. The company announced a $25 million funding round in April.
Click here to read more about the big investment in BacklotCars.
“BacklotCars is exactly the type of forward-thinking technology company that understands what we’re creating at Lightwell,” said Basel Bataineh, vice president at Somera Road, which negotiated the lease alongside AREA Real Estate Advisors. “They’re a major contributor to Kansas City’s growing technology ecosystem and we’re excited to provide them with a home that’ll enable their next phase of growth.”
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
Kauffman: U.S. entrepreneurial growth on upward trend
For the third year in a row, U.S. entrepreneurial ventures are growing, indicating that domestic entrepreneurship growth has rebounded since the Great Recession, according to the Ewing Marion Kauffman Foundation. The “2016 Kauffman Index of Growth Entrepreneurship” found the improvement was in large part thanks to startups growing faster in their first five years than…
Greg Kratofil shows how startups can tap new crowdfunding law
Kansas City startups are already interested in tapping new crowdfunding rules that allow them to trade equity for investment funds. Polsinelli tech attorney Greg Kratofil said that he’s fielded several calls from entrepreneurs hoping to raise capital via recent changes to the Securities and Exchange Commission’s equity crowdfunding regulations. The changes, which took effect on…
The Bunker Labs KC lands funding to help veteran entrepreneurs
The area’s go-to organization for military veteran entrepreneurs, Bunker Labs KC, will boost its impact in the area with new financial support. The local organization, which is a part of the national network of Bunker Labs, announced Wednesday that it received $100,000 from the Missouri Technology Corporation. The funds will primarily be used to bring…
Fading passion compels in-the-black Creelio to shut down
Kansas City-based storytelling startup Creelio is closing its doors after three years of helping executives write custom content. Founded in 2013, Creelio was born out of a 2012 Startup Weekend competition and led by Julie Edge and Steve Stava. The six-person firm company co-wrote blogs and content with more than 60 area executives, helping them…