Shopmonkey Raises $25M Series B Round
Summary
SAN JOSE, CA, Shopmonkey, a software company serving the automotive industry, has raised $25 million in its Series B round. Shopmonkey is a cloud-based system that simplifies all the complexities of running an auto repair business onto a single platform, including appointment scheduling, parts ordering, customer communications, and payment processing. The company helps shops run, understand and grow their business by equipping them with easy-to-use software that consolidates tools, saves time, and streamlines their entire operation while improving communication across the board. Were seeing Shopmonkey bring the power of the cloud to the auto repair industry, whose business owners are eager for digital innovation," explains Deeter. "When I started Shopmonkey I wanted to help shops modernize, run more smoothly and become more profitable with powerful, yet simple to use, software," says CEO and founder, Ashot Iskandarian.
Funding
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