Autoleap, Now With $18M Series B, Accelerates Saas Approach To Auto Repair Operations
Apr 11, 2023•over 2 years ago
Round Type
series b
TorontoAutomotiveEnterprise SoftwareSaasSoftwareInvestors
David Ibn Ale From AvpThreshold VenturesBain Capital VenturesAvp With
Description
A shortage of available vehicles, higher car prices and interest rates are fueling car owners to hold onto their vehicles longer. Statistics from the Bureau of Transportation Statistics show that the average passenger car on the road is over 13 years old. In 2017, the age of the average car was 11 years old.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers