MyDealerOnline, Inc., a Langhorne, Pa.-based digital product that allows car dealers to broker wholesale auto auction inventory straight from their own websites, raised $1M in funding.
The backers were not named.
The company, which has raised $3.25m in total, intends to use the funds to increase its subscriber base, foster growth among new and existing partnerships, and expand its efforts internationally.
MyDealerOnline provides a digital product that allows car dealers to broker wholesale auto auction inventory straight from their websites. A B2B service developed as a tool for remarketing vehicles, the company provides dealers with an inventory selection without increasing their working capital requirements or overhead availability and working directly with them.