The Lasso Grabs .8M Seed Round

By VC News Daily

SAN FRANCISCO, CA, Online car bidding platform The Lasso, formerly known as Revv, has raised $9.8 million in early-stage funding as it prepares to expand nationwide.

The funding, which was split across three tranches, culminated in a seed round; Crosslink Capital and Manresa Ventures were the lead investors, while Contour Venture Partners, Liquid2 Ventures, Ritual Capital, Correlation Ventures, and other firms also participated.

The Lasso is a platform that links car sellers directly to a network of hundreds of top-notch dealerships. With the platform, car sellers are able to obtain multiple offers for their cars from different dealerships within 24 hours. Dealerships are able to get access to a new source of inventory allowing them to compete against nationwide dealerships. Founded by Nathan Milhalovich and Mike Allen,

(c) by Massinvestor, Inc. For contact info, please check out our about page.

Source: VC News Daily