AutoLeap – an all-in-one auto repair shop management software company – announced it has raised $30 million in Series B financing led by Advance Venture Partners (AVP) with participation from existing investors Bain Capital Ventures and Threshold Ventures.
This funding round will be used to continue modernizing the auto repair industry as AutoLeap looks to enhance its best-in-class product and continue providing white glove customer service.
KEY QUOTES:
“The auto repair market has been underserved by technology for too long and over the past several years, we’ve been on a journey to modernize the industry with new and cutting-edge technology to allow repair shop owners to save time, simplify their operations, and ultimately drive growth in their shops. This new funding will allow us to provide world-class customer service to existing and new customers, and bring the auto repair industry to the 21st century through best-in-class technology.”
— Rameez Ansari, AutoLeap’s co-founder and co-CEO
“Since signing with AutoLeap, I’ve been able to decrease the amount of time I spend on administrative tasks by more than 40%. This translates to us servicing more vehicles and earning more profit.”
— Steve Rodriguez, from Steve & Sons Auto Repair in Melbourne, Florida, a loyal AutoLeap customer. Rodriguez has been able to spend more time with his family and loved ones instead of spending nights and weekends at the shop doing administrative tasks.
“The impact that we’ve created for our customers is heartwarming and incredible to see. We are inspired every day by the tremendously positive feedback from the market. We couldn’t be more proud of our team for the tremendous effort and passion they show everyday. As part of the fundraise, we are also thrilled to have David IbnAle from AVP join the board, and are appreciative of the continued support from Bain Capital Ventures and Threshold.”
— Steve Lau, AutoLeap’s other co-founder and co-CEO
