202016 Dec

Leap of Faith: Toronto start-up AutoLeap receives $8 million in funding

Summary

“Replacing software is a root canal and a half for a small business owner,” said Autoleap co-founder, Rameez Ansari. It also included angel investors from the automotive industry, such as former General Motors CEO Rick Wagoner, Shift Technologies co-CEO George Arison, and former Bridgestone executive Ned Aguilar. AutoLeap was founded in 2019, and its software helps local automotive repair shops organize operations, schedule jobs, conduct digital inspections, manage technicians, and invoice customers. We were in a hot market, we had a great distribution team and a sales motion, but we were always playing catchup from a product perspective,” said Ansari. According to Ansari, the new funding will be used to continue developing AutoLeap’s product and the foundation of the business, including sales and marketing.

Source: Collisionrepairmag

Funding

$5.02M
Amount
Dec 16 2020
Date
-
Investor
Autoleap
Company

Classifications

Companies