# ACV Auctions

> Digital wholesale marketplace for dealer-to-dealer used vehicle auctions.

## Why it is interesting

Buffalo's first tech unicorn — Series E at >$1.5B valuation (Nov 2019), then NASDAQ:ACVA IPO in March 2021, proving Upstate NY can produce a national B2B marketplace scale-up.

## Profile

- **Stage:** public
- **Status:** public
- **Industries:** marketplace, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-07-26

## Key facts

- 43North investment (2015): $1M portfolio company — 43North
- Series D (Dec 2018): $93M led by Bain Capital Ventures and Bessemer Venture Partners; Tribeca and Armory Square participated
- Series E (Nov 2019): $150M led by Wellington and Fidelity; valuation >$1.5B — Buffalo's first tech unicorn
- IPO (Mar 2021): NASDAQ:ACVA
- Founders: Dan Magnuszewski, Joe Neiman, Jack Greco

## Investors in our directory

- https://venturecapitaltracker.com/fund/43north
- https://venturecapitaltracker.com/fund/bessemer-venture-partners
- https://venturecapitaltracker.com/fund/tribeca-venture-partners
- https://venturecapitaltracker.com/fund/rand-capital

## Related articles

- https://venturecapitaltracker.com/buffalo-startups-and-vc-firms-2026

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Source: https://venturecapitaltracker.com/startup/acv-auctions