Auto repair software company Shopmonkey raises $25 million
San Jose-based auto repair software company Shopmonkey has raised $25 million in its Series B led by Bessemer Venture Partners with participation from Index Ventures, e.ventures and I2BF. This new round brings the company total funding raised to $35 million since its inception in 2017.
The team of approximately 47 people offers a cloud-based system to help run an auto repair business via a single platform. Features include scheduling appointments, ordering parts, communicating with customers, and processing payments. Pricing starts at $99/mo for 3 users.
According to the company, it has seen a “huge surge” in new subscribers eager to use its software to implement a contact-free workflow that includes online payments, digital vehicle inspections, and customer communications.
“When I started Shopmonkey I wanted to help shops modernize, run more smoothly and become more profitable with powerful, yet simple to use, software. Three years later, I am humbled and so proud of the team as I see this vision turned to reality for over 1,200 customers. Both the product and our team still have immense opportunity to grow, and we are nowhere near done. While we predominantly serve automotive repair, auto detail and heavy duty shops today, we also have bicycle, motorcycle, marine shops and more who are changing their business with Shopmonkey.” – CEO and founder, Ashot Iskandarian.
Bottom Line: Shopmonkey is now trusted by over 1,200 shops that utilize the platform to run their day-to-day operations.