Fundz

Copart Announces Investment In Heavy Equipment Auction Company Purple Wave

PRIVATEOct 10, 2023

Round Type

Venture

ManhattanAgriculture and FarmingE Commerce

Investors

Purple Wave

Description

Copart, Inc. (NASDAQ: CPRT) a global leader in online auto auctions, today announced a new strategic investment and partnership with Purple Wave, Inc., an online offsite heavy equipment auction company.

Quick answer

Purple Wave raised an undisclosed amount in a funding round, dated October 10, 2023. Investors: Purple Wave. Purple Wave is based in Manhattan, Kansas, United States.

How much did Purple Wave raise?
Purple Wave raised an undisclosed amount in a funding round on October 10, 2023.
Who invested in Purple Wave?
Purple Wave is named as investors in this round.
What does Purple Wave do?
Established in 2000, Manhattan, Kan.-based Purple Wave has set the standard as a pioneer in the online auction industry, selling items directly from the seller's location through no-reserve online auctions at..
Where is Purple Wave based and how big is it?
Purple Wave is based in Manhattan, Kansas, United States.
Who are the decision-makers at Purple Wave?
Fundz holds 1 contact at Purple Wave. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and E Commerce around the same time

Companies in the same sectors as Purple Wave that raised within 45 days of this round, from Fundz verified event records.

  • Pricepally raised $1.3M (Seed) on November 17, 2023.
  • Planet Farms raised $40M (Funding Round) on November 23, 2023.
  • Verdant Orchards raised $2.4M (Seed) on November 22, 2023.
  • Floreon raised $2.6M (Seed) on November 21, 2023.
  • Munch raised $7.2M (Seed) on November 21, 2023.
  • NanobOx raised $1M (Seed) on November 21, 2023.

Who to call at Purple Wave, and when

A new round usually means Purple Wave is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Purple Wave raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Purple Wave, from your own LinkedIn network

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Company Information

Company

Purple Wave

Location

Manhattan, Kansas, United States

About

Established in 2000, Manhattan, Kan.-based Purple Wave has set the standard as a pioneer in the online auction industry, selling items directly from the seller's location through no-reserve online auctions at www.purplewave.com. With a specialized focus on the sale of construction, agriculture, and fleet assets, Purple Wave has been able to create strategic partnerships with construction contractors, agricultural producers, fleet owners, and governmental agencies. Purple Wave builds relationships on trust, team, care, and passion, ensuring that they become more than just an auction platform but a dedicated partner in their customers' success. Purple Wave offers a range of services including appraisals, listings, marketing, and post-auction shipping. They streamline equipment transactions by connecting buyers with sellers, ensuring that they are the easiest, most straightforward way to sell and buy equipment.

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Purple Wave raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.