Vehicle Repair Platform ServiceUp Raises $55M in Series B Funding
Summary
ServiceUp raised $55 million in a Series B round led by PeakSpan Capital. The company provides a platform that streamlines vehicle repair approvals, vendor management, repair tracking, billing, and data insights for fleets and insurance carriers. It also offers a managed service called ServiceUp 360 that handles pickup and delivery. The new capital will help ServiceUp add more automation and AI, expand into Canada and additional U.S. states, and support continued growth toward profitability in 2026.
Funding
Amount
$55.0M
Total raised
Date
July 9, 2025
Announcement date
Investors
Zipcar, PeakSpan Capital, Trestle, Hearst Ventures, Tiger Global Management, Capital Midwest Fund
Lead investors
Company
serviceup.com
Funded company
Classifications
industries
Automotive
applications
Anti Piracy
AskAI Classifications
Labels
Fleet Management Software
SaaS
Workflow Automation
Linked Companies
ServiceUp
$1M to $5M