Statement from Eric Gertler, Empire State Development Acting Commissioner and President & CEO-Designate, Regarding ACV Auctions Going Public

March 24, 2021

“Congratulations to Buffalo’s ACV for its listing on Nasdaq’s Global Select Market, under the symbol “ACVA.”  ACV, the leading online automotive marketplace for dealers, has become the third high-tech startup in Buffalo to go public in the last decade, following Synacor Inc. in 2012 and Athenex in 2017, and was the city’s first unicorn startup.  Innovation and the entrepreneurial spirit are thriving in Western New York.

"New York has believed in ACV from the beginning. ACV is a 2015 $1 million grand prize winner of the Buffalo Billion 43North business plan competition, supported by New York Ventures through its investment in Z80 Labs and was a START-UP NY company. ACV is fundamentally changing the wholesale automotive industry and its success will lift other startups in New York State."

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