PartsTech Raises $35M in Series C

PartsTech, a Boston, MA-based B2B parts marketplace for the auto repair industry, raised $35M in Series C funding.

The round was led by OpenView. In addition to OpenView, existing investors include Insight Partners and BP Ventures.

The company intends to use the funds to expand its platform to enable repair facilities to source 100% of their aftermarket parts, tires, and original equipment (OE) parts all through its total procurement solution.

Founded by Greg Kirber, CEO, PartsTech is a parts procurement platform that enables auto repair facilities to find the right parts, at the right time, every time. The platform currently connects more than 15,000 repair shops to 30,000 supplier locations, accelerating the parts sourcing process and expediting vehicle repair.

The company has remote employees in both the U.S. and Europe.