Fundz

Parts Id Announces New Financing With The Lind Partners And Co-Investment By Certain Company Insiders

PRIVATEJul 17, 2023

Round Type

Venture

CranburyE CommerceFashion

Investors

Jgb CapitalLev PekerThe Lind PartnersLind Global Partners Ii, LpParts I D

Description

PARTS iD, Inc. (NYSE American: ID) (“PARTS iD” or “the Company”) the owner and operator of, among other verticals, “CARiD.com,” a leading digital commerce platform for the automotive aftermarket, today announced two new funding agreements that deliver $7.0 million in immediate proceeds to the Company.

Quick answer

PARTS iD raised an undisclosed amount in a funding round, dated July 17, 2023. Investors: Jgb Capital, Lev Peker, The Lind Partners, Lind Global Partners Ii, Lp and Parts I D. PARTS iD is based in Cranbury, New Jersey, United States.

How much did PARTS iD raise?
PARTS iD raised an undisclosed amount in a funding round on July 17, 2023.
Who invested in PARTS iD?
Jgb Capital, Lev Peker, The Lind Partners, Lind Global Partners Ii, Lp and Parts I D are named as investors in this round.
What does PARTS iD do?
PARTS iD, Inc. is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets.
Where is PARTS iD based and how big is it?
PARTS iD is based in Cranbury, New Jersey, United States.
Who are the decision-makers at PARTS iD?
Fundz holds 1 contact at PARTS iD. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as PARTS iD that raised within 45 days of this round, from Fundz verified event records.

  • dipp raised $1.5M (Seed) on August 22, 2023.
  • Magnolia Wash Holdings raised an undisclosed amount on July 25, 2023.
  • Terrific raised an undisclosed amount (Funding Round) on July 20, 2023.
  • SKIMS raised $271M on July 7, 2023.
  • Freakins raised $4M (Seed) on July 5, 2023.
  • Ponto raised $2.6M (Seed) on June 30, 2023.

Who to call at PARTS iD, and when

A new round usually means PARTS iD is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PARTS iD raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PARTS iD, from your own LinkedIn network

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Company Information

Company

PARTS iD

Location

Cranbury, New Jersey, United States

About

PARTS iD, Inc. is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. PARTS iD was originally founded in 2008 as Onyx Enterprises Int’l, Corp. Its vision was to create a one-stop digital commerce destination for the automotive parts and accessories market. This was achieved via CARiD.com, which has become the premier category leading marketplace. The success of CARiD inspired pursuit of our long-term strategy to scale into similar markets via our proprietary built, modular digital commerce technology platform. While our core focus continues to be automotive, in August 2018, we launched seven new verticals (including BOATiD.com, MOTORCYCLEiD.com, CAMPERiD.com and more). All these retail marketplaces address similar market challenges and focus on the enthusiasts’ needs by implementing our seamless shopping experience using proprietary tools and techniques. In November 2020, Onyx merged with Legacy Acquisition Corp. to form PARTS iD, Inc. Our data intelligence, integrated platforms, product cataloging, virtual warehousing, marketing and brand building expertise have ensured our continued leadership in the competitive marketplace. Our journey of building one of the most comprehensive and varied product portfolios has made PARTS iD a worldwide leader and a proven brand builder who remains committed to delivering revolutionary shopping experiences and continued innovation.

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PARTS iD raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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