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OpenLane Clears $10 Million In New Investment

Tuesday, January 06, 2009 5:52:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  Internet company OpenLane has secured $10 million in a new round of venture capital investment.

OpenLane operates a website that allows North America-based automotive dealers to buy and sell wholesale vehicles online.

Investors in the round included August Capital, Meritech Capital Partners, RPM Ventures and others. Proceeds purposes from the financing were not disclosed.

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