SAN FRANCISCO, CA, Online car bidding platform The Lasso, formerly known as Revv, has raised $9.8 million in early-stage funding as it prepares to expand nationwide.
The funding, which was split across three tranches, culminated in a seed round; Crosslink Capital and Manresa Ventures were the lead investors, while Contour Venture Partners, Liquid2 Ventures, Ritual Capital, Correlation Ventures, and other firms also participated.
The Lasso is a platform that links car sellers directly to a network of hundreds of top-notch dealerships. With the platform, car sellers are able to obtain multiple offers for their cars from different dealerships within 24 hours. Dealerships are able to get access to a new source of inventory allowing them to compete against nationwide dealerships. Founded by Nathan Milhalovich and Mike Allen,
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