ACV Auctions, the Buffalo-based online car auction, announced it will add 100 jobs as it sets to expand across the U.S. This announcement comes a little more than two months after the mobile platform said it had secured $15 million dollars in venture capital funding from California-based Bessemer Venture Partners (BVP), according to The Buffalo News.
ACV Auctions, which began as a startup, plans to open for business in eight new markets, which means new jobs in these areas. These markets are Boston, Charlotte, Cincinnati, Hartford, Louisville, Nashville, Roanoke and Southern New Jersey, according to local media.
ACV Auctions also plans to expand its presence and workforce at its headquarters in Buffalo.
ACV Auctions got its start when it won the 43North startup contest in 2015. It earned $1 million dollars in funding and also earned another $1 million from an angel investment, The Buffalo News said.
The mobile service allows used-car dealers to view, bid on, and buy vehicles online. ACV Auctions thereby took away the need for used-car dealers to head to an inventory lot to review cars physically.
It currently employs about 60 employees but, with this most recent announcement, looks to grow its number of staff and reach significantly.