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PartsTech Secures $35 Million in Series C Funding Round Led by OpenView.

PartsTech Secures $35 Million in Series C Funding Round Led by OpenView.

May 23, 2023

Cambridge, MA – PartsTech, the innovative next-generation ordering platform revolutionizing wholesale automotive parts procurement, announced today the successful completion of its Series C funding round, raising a total of $35 million. The round was led by OpenView, a prominent venture capital firm known for backing high-growth software companies. This latest funding infusion will enable PartsTech to further enhance its platform, expand its customer base, and accelerate its mission of simplifying the automotive parts procurement process for professional technicians.

PartsTech's cloud-based platform eliminates the complexities and inefficiencies of traditional wholesale parts ordering methods, providing professional technicians with a streamlined and user-friendly solution. With a single search, technicians can instantly access a comprehensive database that includes both local suppliers and national warehouses, ensuring a wide range of options and competitive pricing. The platform integrates real-time inventory data from multiple suppliers, allowing technicians to make informed decisions and ensure timely parts delivery.

Gregory Kirber, Founder and CEO of PartsTech, expressed his gratitude for the support of OpenView and the confidence they have shown in the company's vision. "We are thrilled to partner with OpenView for this pivotal funding round," said Kirber. "Their deep expertise in scaling software companies and their commitment to supporting innovative technology align perfectly with our growth plans. This investment will fuel our mission to empower professional technicians by providing them with a seamless, time-saving solution for parts procurement."

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