MaxTradeIn finalizes $1.2 million seed round
Fast growth has been observed from MaxTrade In despite its recent start just last 2012. It already made 100 franchise dealers partnered with Max Trade In with most of it located in Indianapolis, Louisville, Kentucky and Cincinnati. It now has a gross of up to $60 million. The growth will fuel investment on continued expansion into new markets, with the most recent on in Columbus, Ohio.
"The staggering response we've received from consumers and dealerships during the past few months has been extremely gratifying, and we're excited to have the support of Elevate Ventures and the investment community to amplify our growth," said Justin Bates, co-founder and CEO of Max Trade In.
Indiana Angel Network Fund (IANF) is the source of Elevate's investment in MaxTrade In. IANF is a dedicated source of capital funding for new companies that show growth potential and eventually lead to high-value-exits.
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