Collision repair marketplace CrashBay raises $1.25 million

Collision repair marketplace CrashBay has completed a $1.25 million funding round led by venture capital firm Markd , with participation from other collision and insurance industry veterans.

Founded in 2019, CrashBay provides end-to-end collision repair solutions across North America. Car owners and carriers can book appointments with repair shops through its platform. In contrast, repair shops gain access to a suite of programs designed to streamline their operations and enhance services.

“This partnership with Markd signifies a major milestone for our company, giving us the fuel we need to achieve our mission of empowering car owners and carriers to connect with trusted repair shops anywhere in the world! Being backed by such a prolific Insurtech fund like Markd, with their expertise and leadership, uniquely equips CrashBay as we embark on the next stage of our transformation journey.” – John Harvey, Founder & CEO at CrashBay.

“I’m sick of waiting 6+ months for my car repairs, and I figured everyone else is, too. These guys grew up in body shops and insurance company claims departments. Surely, there are improvements to be made. I’m excited for the CrashBay team and their opportunity.” – Parker Beauchamp, Managing Partner at Markd.

“Our traction highlights the importance of creating a unified marketplace that simplifies the complexities associated with collision repair, fostering an environment where trust, transparency, and efficiency thrive. Our focus as a facilitator helps all stakeholders benefit from process digitization.” – Andrew Daniels, Co-Founder & President at CrashBay.