SAN JOSE, Calif., July 16, 2021 /PRNewswire/ — Shopmonkey, a SaaS company serving the automotive industry, has raised a $75 million Series C. This round of funding was led by previous investors Bessemer Venture Partners and Index Ventures, with participation once again from Headline and I2BF, plus new investor ICONIQ Growth. This funding will empower Shopmonkey to further innovate and grow, while continuing to provide top-quality service to the auto repair industry at a time of increased demand as drivers return to the road post-pandemic.
Auto shops are experiencing one of their busiest summers on record. As pandemic restrictions loosen, more and more drivers are excited to get out of the house and hit the road. With road trips on the rise, and used car sales on a trajectory to hit $1.3 trillion by 2027*, both regularly scheduled maintenance and unexpected repairs are in high demand. “As an