PartsTech
A next-generation ordering platform designed to help repair shops find the right parts.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $35.0m | Series C | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 4 % | 31 % | 174 % | 50 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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In 2012, Gregory Kirber founded PartsTech with a vision to revolutionize the way automotive technicians procure parts. Frustrated by the inefficiencies of traditional telephone ordering, Kirber set out to create a streamlined online platform that would simplify the procurement process for wholesale auto parts.
PartsTech quickly gained traction in the automotive aftermarket industry by offering a comprehensive B2B e-commerce solution. The platform acts as a "Trivago for auto parts," enabling repair facilities to source aftermarket parts, tires, and original equipment efficiently.
A significant milestone in PartsTech's journey came in May 2023, when the company secured $35 million in Series C funding. Led by OpenView, this funding round was pivotal in fueling PartsTech's growth and expanding its platform capabilities. With this investment, PartsTech aims to enable repair facilities to source 100% of their required parts through its platform, further solidifying its position in the market.
Today, PartsTech stands as a testament to innovation in the automotive industry, continually enhancing the efficiency and effectiveness of parts procurement for professionals. Gregory Kirber's vision and leadership have been instrumental in driving the company's success, making PartsTech a key player in the B2B automotive parts marketplace.