Source: Slate
Summary
Slate Auto raised funds in a round led by TWG Global, a firm run by LA Dodgers owner Mark Walter. The company did not disclose the amount raised. Slate Auto provides software for automotive retailers to manage their online presence. The funding will be used to expand its product offerings and grow its customer base. Slate Auto’s existing investors also participated in the round.
Our Reading
The launch follows a familiar script.
Slate Auto gets more money to help car dealers sell cars online. Because that’s what the internet is for. They’re going to use it to make more software and sell it to more people. Meanwhile, Mark Walter’s firm is happy to throw more money at it. Because that’s what investors do. Slate Auto is now more funded than it was before, and we’re all supposed to be impressed.
Author: Evan Null
