Total amount raised
$54.3 Million
Latest funding date
2023-04-11
Location
AutoLeap has successfully developed an all-in-one auto repair shop management software, offering a range of tools from AI receptionists to marketing services. The platform is designed to streamline operations and boost profitability for auto repair shops.
Keep reading to explore the intricacies of AutoLeap's fundraising journey and the investors backing this innovative platform.
What Is AutoLeap?
AutoLeap operates in the automotive repair and shop management software industry, providing a comprehensive platform to streamline operations and boost profitability for auto repair shops. The company has offices in Atlanta, GA, and Toronto, ON.
AutoLeap's software includes features such as scheduling, digital estimates, instant invoicing, integrated payments, work orders, and digital vehicle inspections. Additionally, it offers AutoLeap AIR, an AI receptionist that ensures no missed calls and operates 24/7.
With a focus on increasing shop revenue, reducing communication time, and improving customer satisfaction, AutoLeap provides a seamless setup process and extensive support and training for its users.
How Much Funding Has AutoLeap Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: December 2020
- Lead Investors: Threshold
- Debt Financing
- Amount Raised: USD 1,250,000
- Date: December 2020
- Lead Investors: Silicon Valley Bank
- Series A
- Amount Raised: USD 18,000,000
- Date: October 2021
- Lead Investors: Bain Capital Ventures
- Series B
- Amount Raised: USD 30,000,000
- Date: April 2023
- Lead Investors: Advance Venture Partners
In total, AutoLeap has raised USD 54,250,000 across all funding rounds.
Key Investors
- Advance Venture Partners
- Details: Advance Venture Partners is a growth equity firm that invests in technology and media companies. They focus on partnering with entrepreneurs to build market-leading businesses.
- Investment Focus Areas: Technology, Media, Consumer
- Notable Investments: Rent the Runway, MasterClass, The Athletic
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital division of Bain Capital, one of the world's leading private investment firms. They invest in seed to growth-stage companies across multiple sectors.
- Investment Focus Areas: Fintech, Healthcare, SaaS
- Notable Investments: LinkedIn, DocuSign, AvidXchange
- Threshold
- Details: Threshold is a venture capital firm that partners with early-stage companies to help them grow. They have a strong focus on technology and innovation.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Box, Doximity, Front
- Silicon Valley Bank
- Details: Silicon Valley Bank provides financial services to technology, life sciences, and other innovation sectors. They offer a range of banking services tailored to the needs of startups and growth companies.
- Investment Focus Areas: Technology, Life Sciences, Private Equity
- Notable Investments: Not publicly disclosed
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