/Companies

CarLotz

Richmond, US · Founded 2011 · Delaware corporation · 59 employees on LinkedIn · 1 known investors

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Founders & leadership

CarLotz was founded in 2011 by Michael W. Bor, William Boland, and Aaron S. Montgomery.

MWMichael W. Bor
Michael W. BorCo-founderMichael Bor founded CarLotz, a vehicle remarking platform that went public via SPAC merger in 2021, and previously worked as a director in mergers and acquisitions at Harris Williams & Co., investment banker at Lehman Brothers, and financial fraud investigator at PricewaterhouseCoopers. He holds an MBA from Harvard Business School and a BS in Finance from Lehigh University.
WB
William BolandCo-founder
ASAaron S. Montgomery
Aaron S. MontgomeryCo-Founder | Board Member2019–2021Aaron Montgomery is Co-Founder and CEO of Henry, a home maintenance platform. Previously, he co-founded CarLotz, a used-car marketplace that went public, served as Chief Strategy Officer at Mission Lane, and held roles at McKinsey and Kiva Systems (now Amazon Robotics).
MJ
Michael J. McClendonNamed on SEC filing

Investors · 1

Funding

SEC filings, press & company announcements

$48.1M disclosed across 4 rounds · 2012–2026

▶$12MraisedOct 2017 · 1 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael W. BorExecutive Officer, Director
  • William BolandExecutive Officer, Director
  • Aaron S. MontgomeryExecutive Officer, Director
  • Michael J. McClendonDirector
Offering amount
$12M
Amount sold
$12M
First sale
Sep 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.6MraisedAug 2014 · 28 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron S MontgomeryExecutive Officer, Director
  • Michael J McClendonDirector
  • William BolandExecutive Officer, Director
  • Michael W BorExecutive Officer, Director
Offering amount
$5M
Amount sold
$4.6M
Minimum investment
$30K
Proceeds to insiders
$390K
First sale
Jul 2014
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.5MraisedMar 2012 · 15 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron S. MontgomeryExecutive Officer, Director
  • William BolandExecutive Officer, Director
  • Michael W. BorExecutive Officer, Director
  • Michael J. McClendonDirector
Offering amount
$1.5M
Amount sold
$1.5M
First sale
Mar 2012
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06
Full filing on SEC EDGAR ↗

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

Founder mafia

3 people who came through CarLotz went on to found or lead other companies.

Frequently asked questions

Who founded CarLotz?
CarLotz was founded by Michael W. Bor, William Boland, Aaron S. Montgomery in 2011.
Who are CarLotz's investors?
CarLotz's investors include Capital Q® Ventures Inc..
How much funding has CarLotz raised?
CarLotz has disclosed $48.1M raised across 4 rounds.
Where is CarLotz headquartered?
CarLotz is headquartered in Richmond, US.