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Backlotcars Announces $8M In Series A Funding

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KANSAS CITY, Mo., December 19, 2018-- BacklotCars, a leading online used car marketplace for automotive dealers, announced $8 million in Series A funding today, with an additional $10 million in an expanded credit facility. The financing was led by Origin Ventures with participation from Revolution's Rise of the Rest Seed Fund, Pritzker Group Venture Capital, KCRise Fund, Royal Street Ventures, Chaifetz Group, and others. Origin Ventures co-founder and partner Steve Miller will join the company's Board of Directors. "We are very excited to welcome new capital partners to BacklotCars", said Justin Davis, founder and CEO of BacklotCars.

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