Fundraising Fox

Bidbus

Costa Mesa, US · 4 known investors

Bidbus is an online dealer-auction marketplace where 1,000+ verified franchise and independent dealers place competing bids on a seller's used car during a 2-hour live auction. It serves individual car sellers, does not buy cars itself, and charges a 1% success fee; it currently operates in California and Texas.

ConsumerMarketplacesMobility & Transportation

Founders & leadership

KCKraig Coomber
Kraig CoomberinFounder
JY
Jiaqi YanCo-founder
YH
Yi Hsuan ChenCo-founder

Board

JP
Jeffrey PetersBoard director

Investors · 4

Data Point CapitalBoston
Motley Fool VenturesAlexandria · $1M – $2M
Mucker CapitalVenice · $250K – $750K
Ibex InvestorsreportedDenver

Funding

SEC filings, press & company announcements

$48.3M disclosed across 3 of 5 rounds · 2025–2026

▶$18.3MraisedAug 2026 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jiaqi YanExecutive Officer, Director, Promoter
  • Jeffrey PetersDirector
  • Yi Hsuan ChenExecutive Officer, Director
Offering amount
$18.3M
Amount sold
$18.3M
First sale
Jun 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Bidbus Raises $15M Series A to Scale Car Auctions - Los Angeles Timeslatimes.com · Aug 2026Tech VC Funding: Bidbus, Convex and Delightree - InfotechLeadinfotechlead.com · Aug 2026Bidbus Raises $15M Series A to Expand Dealer-to-Consumer Vehicle Marketplace | citybizcitybiz.co · Jul 2026Bidbus Raises $15M in Series A Fundingfinsmes.com · Jul 2026Bidbus Raises $3.3M in Seed Fundingfinsmes.com · Aug 2025Bidbus Raises $3.3 Million to Reinvent Pre-Owned Car Sales Process with First True Consumer-to-Dealer Marketplacefinance.yahoo.com · Jul 2025

Frequently asked questions

What does Bidbus do?
Bidbus is an online dealer-auction marketplace where 1,000+ verified franchise and independent dealers place competing bids on a seller's used car during a 2-hour live auction. It serves individual car sellers, does not buy cars itself, and charges a 1% success fee; it currently operates in California and Texas.
Who founded Bidbus?
Bidbus was founded by Kraig Coomber, Jiaqi Yan, Yi Hsuan Chen.
Who are Bidbus's investors?
Bidbus's investors include Data Point Capital, Motley Fool Ventures, Mucker Capital, Ibex Investors.
How much funding has Bidbus raised?
Bidbus has disclosed $48.3M raised across 3 of its 5 known rounds.
Where is Bidbus headquartered?
Bidbus is headquartered in Costa Mesa, US.