The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.
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Online used vehicle marketplace Shift has raised $38 million in a series C round of funding led by BMW's venture capital business unit, iVentures. Other participants included DFJ, Highland Capital, G2VP, and Goldman Sachs Investment Partners.
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ACV Auctions, a mobile auctioning platform, has secured $15 million in venture funding, according to a company announcement. The company will use this new round of funding to expand its business into new territories.
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