Posts Tagged ‘BacklotCars’
BacklotCars completes historic $425M exit, joining ‘power and fierce entrepreneurial spirit’ of KAR Global
The $425 million acquisition of Kansas City-based BacklotCars is complete, nearly two months to the day it was announced. “There is so much energy and excitement around this combination with our employees and with our customers,” Justin Davis, president and co-founder of BacklotCars, said in a release announcing the milestone acquisition’s completion Thursday by KAR…
Read MoreDestination exit: Less talk, more acceleration drove quiet BacklotCars to $425M deal
In the half-decade run-up to BacklotCars’ historic $425 million exit, the Kansas City startup remained largely under the radar, Justin Davis acknowledged, noting the intentional move became less about strategy and more focused on team values. “Like many people in Kansas City and the Midwest, we all prefer getting to work rather than talking about…
Read More$425M exit: BacklotCars selling to Indiana-based auto marketplace in ‘milestone event’ for KC
Five years after turning its ignition, Kansas City-revved BacklotCars is being acquired in a historic $425 million deal. Carmel, Indiana-based KAR Auction Services agreed to purchase the company by the end of the year, the companies said Tuesday morning. “KAR Global is the most innovative and progressive digital remarketing company in the world, and their…
Read MoreKansas City’s Top VC-Backed Companies in 2020
The 2020 Top Venture Capital-Backed Companies List reflects a range of success stories and COVID-era challenges among Kansas City’s community of growth-stage, venture-backed companies. The list — updated annually by Startland News and its parent organization, Startland — shows that while few companies were spared from COVID-19’s impact, many of Kansas City’s leading entrepreneurs continued to grow…
Read MoreFederal relief funds open to VC-backed startups; ‘nimble’ PPP rollout praised as checks arrive in KC
Editor’s note: The following is part of Startland News’ ongoing coverage of the impact of Coronavirus (COVID-19) on Kansas City’s entrepreneur community, as well as how innovation is helping to drive a new normal in the ecosystem. Click here to follow related stories as they develop. Sometimes a check is answer enough. While federal officials never officially clarified…
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