16.7 C
Sunday, May 26, 2024
HomeFinTechShopmonkey: Raises $25M in Series B Funding

Shopmonkey: Raises $25M in Series B Funding


  • Shopmonkey, a San Jose, Calif.-based software company serving the automotive industry, raised $25m in its Series B funding
  • The round, which brought the total capital raised to $35m, was led by Bessemer Venture Partners with participation from Index Ventures, e.ventures and I2BF
  • In conjunction with the funding, Byron Deeter from Bessemer Venture Partners, will be joining the company’s board of directors
  • The company intends to use the funds to continue to expand its business reach
  • Shopmonkey is a cloud-based system that simplifies all the complexities of running an auto repair business onto a single platform
  • The company helps shops run, understand and grow their business by equipping them with software that consolidates tools, saves time

Related stories

FE fundinfo snaps up wealth management fintech Dericon

Acquisition Details:Acquirer: FE fundinfo, a UK-based financial...

LGT in Liechtenstein taps Finastra for instant payments

Partnership Announcement:Entities Involved: LGT (private banking and...

Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion

Overview:Acquirer: Spanish paytech PayRetailers. Target: Transfeera, a Brazilian...

Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants

Overview:Participants: Spanish banking giant Santander and payment services...


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories