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Signal Completes $20MM Financing to Accelerate Growth of its Wholesale Automotive Platform

Nov 10, 2020•almost 5 years ago

Amount Raised

$20 Million

Los Angeles

Description

Signal Automotive, a technology-enabled wholesale automotive platform, today announced a $20MM investment led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, L.P. The Signal platform is a unique combination of proprietary software and managed services that optimize the buying, selling and inventory allocation processes for licensed dealers throughout Canada and the United States.

Company Information

Company

Signal Automotive:

Location

Los Angeles, California, United States

About

Signal is a technology-enabled automotive wholesale platform that utilizes data to optimize wholesale dealer trades. Created to modernize and automate the wholesale process, Signal allows buyers and sellers to leverage its powerful near real-time appraisal platform. Signal’s Predictive Inventory Engine (PIE) enables dealers to understand their optimal inventory mix and then purchase curated lists of wholesale vehicles. Signal’s pricing model includes delivery of front-line ready vehicles to a dealer’s lot, saving time, money and energy! The platform creates efficiency throughout the wholesale process by providing transparent pricing, consistent inventory, high quality, and simplified logistics. Signal was founded in 2017 and has offices in Vancouver BC, Lynden WA, Los Angeles CA and Vilnius L.T. For more information, visit www.signal.vin.

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