Fueling the Future: Deals in Automotive tech to material solutions
September 24, 2020
Automotive tech and marketplace company KAR Global has signed an agreement to purchase Kansas City’s BacklotCars Inc. for $425 million. The deal should close by the end of the year.
Rent Ready, headquartered in Charlotte, has received an investment from Defiance Ventures, a B2B enterprise tech VC firm. Rent Ready offers a make-ready service for apartment communities, including a surface-spraying technology that mitigates COVID-19 risk.
Ohio content services provider Hyland is acquiring Alfresco, a Boston-based open source digital business platform. The deal is expected to close in Q4 2020.
Minority business enterprise BCforward has announced the acquisition of tapQA, a quality assurance firm based in Minneapolis. BCforward is a global IT consulting and staffing company located in Indianapolis. Financial terms were not disclosed.
Pitchly has completed a $25 million funding round, led by Next Level Ventures, with participation from Great North Labs, Twelve19 Ventures, Wellmark, and Nelnet Venture. The database-driven document generation company is headquartered in Des Moines.
MITO Material Solutions recently closed an oversubscribed $1 million Series Seed funding round, led by Dipalo Ventures and Clean Energy Trust, both based in Chicago. MITO produces polymer modifiers that “enhance product performance.” The company previously received over $1.1 million in R&D grants from the National Science Foundation.
