Auto Shop Software Company Shopmonkey Raises $75 Million
Summary
Shopmonkey — a SaaS company that is serving the automotive industry — announced it raised $75 million in Series C funding. And this funding round will enable Shopmonkey to further innovate and grow while continuing to provide top-quality service to the auto repair industry at a time of increased demand as drivers return to the road post-pandemic. With road trips on the rise and used car sales on a trajectory to hit over $1 trillion by 2027, both regularly scheduled maintenance and unexpected repairs are in high demand. We want to partner with our customers to help them achieve and exceed their goals by giving them the tools they need to become more organized, efficient and profitable. We are excited to support the company’s unwavering focus on its customers’ sustained success, and we are thrilled to partner with the Shopmonkey team to further accelerate their ambitions.”
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