ACV Auctions inks $5 mln

ACV Auctions, a car auction platform, has secured $5 million in funding. Tribeca Venture Partners led the round with participation from SoftBank Capital NY, Armory Square Ventures and Rand Capital. In conjunction with the funding, Brian Hirsch of Tribeca Venture Partners and Jordan Levy of SBNY have been added to ACV’s board of directors. Also, ACV has named George Chamoun as chief executive.

Source: Press Release