User:PackardWalsh/sandbox

ACV Auctions, Inc. or simply ACV is a Buffalo-based business formed in 2014 as a live wholesale marketplace for dealer-only automobile auctions. ACV Auctions won 43 North’s 2015 Finals and received a $1 million investment. In 2019, they became Buffalo’s first tech unicorn. ACV is a public company traded on the NASDAQ under the ticker symbol ACVA.

History
ACV was founded in 2014 by Dan Magnuszewski, Joseph Neiman, and Jack Greco. After winning 43 North's 2015 finals, the company launched a digital automotive auction platform. Investment rounds were launched with $5 million being secured in Series A Funding beginning in 2016. In March of 2021, ACV filed to go public. According to Bloomberg, the IPO raised about $414 million.

Notable Acquisitions
In 2019, ACV purchased vehicle accident inspection provider TrueFrame. In July of 2021, ACV acquired MAX Digital, a vehicle merchandising and inventory management platform, for $60M. ACV announced two acquisitions in February of 2022, including Monk SAS and Drivably, each of which offer digital solutions in the used car industry.