Tech Company Financing Transactions
PartsTech Funding Round
OpenView Venture Partners, BP Ventures and Insight Venture Partners invested in a $35 million Series C capital raise for PartsTech. The financing was announced on 5/18/2023.
Transaction Overview
Company Name
Announced On
5/18/2023
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to expand its platform to enable repair facilities to source 100% of their aftermarket parts, tires, and original equipment (OE) parts all through its total procurement solution.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
1 Broadway, 14th floor
Cambridge, MA 02142
USA
Cambridge, MA 02142
USA
Phone
Website
Email Address
Overview
PartsTech was born out of a personal frustration experienced by our co-founder and CEO, Greg Kirber, during his time working at auto dealerships. An industry veteran, Greg found himself spending countless hours on the phone trying to obtain parts pricing and availability, only to receive the wrong parts, at the wrong time, over and over again.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Greg Kirber
Chief Financial Officer
CJ Gustafson
Chief Marketing Officer
Doug Ellinger
Chief Operating Officer
Erik Pierre
Chief Technical Officer
Olexy Sadovy
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