SalvageSale
SalvageSale maximizes salvage recoveries for insurance carriers by providing a comprehensive salvage recovery program.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$17.0m | Series B | ||
| Total Funding | 000k | ||
| USD | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
SalvageSale operates as an online marketplace specializing in the buying and selling of salvage and reclaimed insurance assets. The platform connects insurance companies and other sellers with buyers looking for heavy equipment, cars, trucks, recycled materials, and luxury goods. SalvageSale serves a diverse client base, including over half of the leading insurance companies in North America. The company operates in the asset recovery and liquidation market, providing a robust data-driven approach to refine underwriting strategies and accelerate renewals. SalvageSale's business model revolves around a sealed bid system, ensuring a transparent and competitive bidding process. The company generates revenue through transaction fees and commissions on sales. SalvageSale has processed over 3 million bids and recovered over $2 billion in claims, showcasing its effectiveness in maximizing recoveries and lowering net indemnity for its clients.
Keywords: salvage, reclaimed assets, insurance recovery, online marketplace, heavy equipment, liquidation, sealed bid, underwriting, asset appraisal, transaction fees.