Fundraising Fox

Openlane

Founded 2014 · 369 employees on LinkedIn · 3 known investors

OPENLANE operates a US online marketplace for wholesale used vehicles, connecting dealers as buyers and sellers through 24/7 listings and scheduled live auctions. It provides AI-assisted vehicle condition reports, including damage detection, engine audio analysis, and OBD2 code translations, along with search filters and competitive buy fees.

AI & Machine LearningB2B MarketplacesMobility & Transportation

Investors · 3

Rpm Ventures Iii Management, L.L.C.Ann Arbor
Service Provider CapitalVail
Apaxreported

In the news

State of Wyoming Invests $1.75 Million in Openlane $OPLNmarketbeat.com · Aug 2026Apax sells US$277.6m of Openlane at profit | IFRifre.com · Aug 2026Openlane completes $274.9 million secondary offering, company repurchases shares By Investing.comza.investing.com · Aug 2026Openlane earnings beat by $0.05, revenue topped estimates By Investing.cominvesting.com · Aug 2026

Frequently asked questions

What does Openlane do?
OPENLANE operates a US online marketplace for wholesale used vehicles, connecting dealers as buyers and sellers through 24/7 listings and scheduled live auctions. It provides AI-assisted vehicle condition reports, including damage detection, engine audio analysis, and OBD2 code translations, along with search filters and competitive buy fees.
Who are Openlane's investors?
Openlane's investors include Rpm Ventures Iii Management, L.L.C., Service Provider Capital, Apax.