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HomeFinTechShopmonkey: Raises $25M in Series B Funding

Shopmonkey: Raises $25M in Series B Funding

Date:

  • 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

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