The funding round for the Toronto-based auto repair shop management company was led by Advance Venture Partners. AVP managing partner David ibnAle will join AutoLeap’s board. Returning investors Bain Capital Ventures and Threshold Ventures also participated. (The Logic)
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The funding round for the Toronto-based auto repair shop management company was led by Advance Venture Partners. AVP managing partner David ibnAle will join AutoLeap’s board. Returning investors Bain Capital Ventures and Threshold Ventures also participated. (The Logic)
Talking point: AutoLeap’s software aims to save auto repair shops time on administration. The company said it will use the funding to enhance customer service, said co-CEO Rameez Ansari in a release. The company closed the round in late March soon after the collapse of Silicon Valley Bank, which AutoLeap co-CEO Steve Lau told BetaKit resulted in a small “stall” on the funds transfer as the company’s backers banked with SVB.
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