Tuesday, November 10, 2020

Signal Scores $20M For Wholesale Automotive Sales Software

Los Angeles-based Signal Automotive, a startup which develops software for managing buying, selling, and inventory allocation for automobile dealers, has raised $20M in a funding round. The funding was led by Kayne Partners Fund, the growth private equity arm of Kayne Anderson Capital Advisors LP. The company said the funding will go towards expanding its dealer network across North America, as well as for its technology platform and data analytics capabilities. Steve Jillings is led by co-founder and CEO of the company. Jillings is the former CEO of Telesign, and has a long history in Southern California's technology industry; he previously also was CEO of Vantage Media.

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