AutoLeap drives technology for car repair shops with new $18M capital infusion
Nine months after announcing a $5 million seed round, Toronto auto repair software company AutoLeap is back with $18 million in Series A funding, this time led by Bain Capital Ventures.
Joining Bain in the round is existing investor Threshold Ventures, which led the seed round, to give the company $23 million in total funding.
Co-CEO Steve Lau told TechCrunch that AutoLeap is bringing the auto repair shop into the 21st century by reducing the double- or triple-entry shop owners typically have to do through the digitization of their workflow — customer quoting, invoices and job estimates — and the processing of all of that in the backend accounting. It also provides a sales and marketing component via customer relationship management, scheduling via app, customer texting or emails and online reviews.
