The Lasso, an online car bidding platform formally known as Revv, raised $9.8 million in early-stage funding from investors like Crosslink Capital and Manresa Ventures. Since its launch in the fall of 2022, the platform has facilitated over 25,000 car listings worth more than $625 million, by connecting car sellers with multiple local dealerships for competitive offers. Founder Nate Mihalovich identified the need for a streamlined car-selling process, especially during the pandemic, and continues to provide a reliable inventory source for dealers, and a convenient, trustworthy experience for consumers.
Car-Bidding Platform The Lasso Raises $9.8M to Fix Car Sales for Consumers and Dealers
