DigniFi Raises $14M Series A from BuildGroup and Exor Seeds and Secures $275M from Neuberger Berman Private Equity for its Auto Service Financing Platform
Jun 30, 2020•about 5 years ago
Amount Raised
$14 Million
Round Type
series a
Description
DigniFi, a financing platform for auto repairs and services, announced that it has raised $14 million in Series A funding from Austin-based BuildGroup, the permanent capital company started by Lanham Napier, formerly of RackSpace, and Exor Seeds, the venture arm of Exor N.V., the holding company of the Agnelli family (controlling shareholder of Fiat Chrysler, Ferrari, CNHI, PartnerRe, and Juventus). In addition, the company has signed an agreement with Neuberger Berman Private Equity to purchase up to $275 million of assets. The financing enables DigniFi to grow its network of 5,000 auto service centers to get Americans back on the road at a moment when automobiles are essential.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech