Online Car-buying Platform Fastlane Secures $1.5 Million Seed Financing

Eagle Venture Fund led the investment round, along with several prominent angel investors. Eagle Venture Fund General Partner Wade Myers will join Fastlane’s Board of Directors.

“Fastlane’s offering is well-timed with the rapidly increasing demand for solutions that extend the reach of auto dealers, makes the auto buying experience much faster for consumers, and drives significant business results and a significant impact,” said Wade Myers, General Partner with Eagle Venture Fund. “We believe the market will continue to see a rapid shift in how cars are purchased and financed as consumers demand an “Amazon-like experience” in all aspects of commerce. Fastlane is a powerful solution for the auto industry and we are excited to collaborate with them as they work to build a great company in a massive market.”

Fastlane’s customizable platform handles nearly all the tasks associated with the purchase process: Year, make, model, specifications and price information on each vehicle, warranty and service contract options, aftermarket product options, trade-in evaluations and accurate retail and lease payment information. Savvy dealers are gravitating toward Fastlane because of its flexibility, customizability and ease of use.

“The auto industry is ripe for the type of transformation we enable, which saves dealers and car buyers a significant amount of time and streamlines the check-out and financing experience when buying a car,” said Fastlane Chief Executive Officer Brandon Hall. “Having the financial support and expertise of Eagle Venture Fund will help us execute our vision even more rapidly and broadly – and with the benefit of the experience, perspective, and relationships Eagle brings to our firm.”