Breaking will be offline for scheduled maintenance Saturday July 24 5 AM US EST to 8:30 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-Online auction services start-up Bidpath Corp. has raised $2.5 million in financing in a second round of financing led by Venture Strategy Partners of San Francisco and joined by eFund LLC of Kirkland and Timberline Venture Partners of Portland.

The Seattle-based company, which has taken in $13.5 million so far, says it will use the latest financing round to fund ongoing operations, acquire new customers and further develop its technology. Last week, the company said it hopes it can garner new clients by helping companies with asset liquidations brought about by the economy’s downturn. Also last week, the company announced that Scott Laster, founder and CEO, has given way to Walter Boos, who is now CEO and chairman.

Bidpath currently works with more than 30 commercial auction companies with collective annual gross asset sales in excess of $400 million. The company helps sellers market assets through a network of 25 online listing websites and business-to-business exchanges that attract a combined total of 10 million potential buyers a month. The online marketing network includes sites such as Yahoo! B2B Marketplace,, TraderOnline, GSNet, ComAuctions, WorldBid, and Tradelert.

Bidpath Auction Manager 3.0 automates the auction method of marketing, including the collection of inventory images and data in the field and their direct upload to an online catalog and an exclusive network of business-to-business exchanges and listing sites. Bidpath Live Auction hardware and software enables auctioneers to broadcast bid and ask prices, and receive and award online bids in real time over the Internet. With Bidpath, registered bidders can participate in an online auction directly through a common Web browser.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.