ServiceUp is a company transforming vehicle repair management for fleets and insurance companies. The company recently raised $55 million in Series B funding, led by PeakSpan Capital, bringing its total funding to $70 million.
Launched in 2021, ServiceUp started by managing repairs for individual drivers but quickly shifted to the B2B market after identifying challenges faced by fleets and insurers, such as outdated processes and lack of visibility. Today, it serves as a trusted partner for major clients including Zipcar, Voyager Global Mobility, Clearcover, and SIXT.
ServiceUp enhances the repair process by overseeing everything from pickup to delivery, providing real-time visibility and control. And its platform eliminates manual follow-ups, offers live repair tracking, and centralizes data through a dashboard. This has led to a 30% reduction in repair cycle times, allowing vehicles to return to the road more quickly.
How the funding will be used: With the latest funding, ServiceUp plans to expand its team, enter new markets, and develop Connect, a SaaS solution giving fleets and insurers self-service control over repairs while ensuring efficiency and transparency.
KEY QUOTES:
“We’re not here to slightly improve vehicle repair management. We’re rebuilding it from the ground up. Every delay, every unknown, every wasted hour — we’re eliminating all of it with tech and automation. This raise gives us the fuel to move faster, go bigger, and keep pushing the auto repair industry forward.”
Brett Carlson, co-founder and CEO of ServiceUp
“Auto repair has remained one of the last great black boxes in the modern economy — fragmented, opaque, and bogged down by outdated workflows and siloed point solutions. It’s a system that frustrates fleet operators, drains productivity, and kills margin for insurers and service providers. ServiceUp is dismantling that model. They’ve built the first truly intelligence-driven system of engagement for the automotive repair space — redefining how the entire ecosystem connects, communicates, and operates.”
Jack Freeman, Partner at PeakSpan Capital
