LANGHORNE, Pa. -

MyDealerOnline announced Wednesday that it bolstered its funding by receiving $1 million right before the start of the new year.

Having now received a total of $3.25 million in funding, the digital solution that allows dealers to broker wholesale inventory straight from their own websites says the additional funds will help it focus on increasing its subscriber base, encourage growth among its partnerships, and expand international efforts.

“MyDealerOnline helps dealers engage with more retail customers by offering greater inventory selection to a wider audience,” said Scott Stephens, the company’s vice president of business development.

According to MyDealerOnline, the B2B service provides dealers with access to greater inventory selection without increasing their working capital requirements or overhead availability. The service secures inventory from local auctions around Philadelphia, nationally and from auctions abroad.

To learn more, check out its site here.