# MobiTech International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobitech-international

- Industry: Software
- Headquarters: Austin, US
- Website: www.mobiletechrx.com
- Total disclosed funding: $4.2M
- Latest round: Series A (Jun 6, 2019)
- Investors on record: 1

## About

MobiTech International, Inc. is a US-based company that provides specialized software solutions for the auto reconditioning industry, enhancing operational efficiency and customer engagement.MobiTech International, Inc. was founded in 2015 in Austin, US, focusing on developing software solutions for the auto reconditioning sector. The company has completed 2 deals, with its most recent funding round being a Series A on June 15, 2021, led by Silverton Partners, raising a total of USD 4.20 mn. The company was acquired by Repairify, Inc., a portfolio company of Kinderhook Industries, which enables it to expand its customer base and product offerings while gaining access to a network of 4,000 repair technicians.Mobile Tech RX specializes in providing comprehensive software solutions tailored for the auto reconditioning industry. Its core product offerings include a robust app that integrates various functionalities such as marketing, scheduling, pricing, client workflows, payment processing, and accounting. This application streamlines operational processes for auto recon shops, allowing users to effectively manage tasks from vehicle check-ins using VIN scanning to payment collection—all within one platform, primarily serving businesses involved in detailing, paintless dent repair, and glass repair.Mobile Tech RX generates revenue through a subscription-based model, offering various pricing plans for its software services. Customers, mainly auto reconditioning businesses, pay for access to the application, which includes features designed to enhance operational efficiency, customer engagement, and financial management. The subscription structure entails monthly or annual fees, providing users with continuous access to the platform's tools, including built-in pricing calculators. This model supports professionals in the automotive sector, allowing them to operate more effectively and establish justified pricing strategies backed by data.The recent acquisition by Repairify, Inc. positions MobiTech for strategic growth, focusing on enhancing its product offerings and expanding its reach. The company plans to launch new features aimed at improving customer relationship management and automation by the end of 2022. Through the additional resources provided by the acquisition, MobiTech aims to broaden its market presence, particularly in North America and select international markets, by leveraging Repairify's extensive network of repair technicians to tap into new customer segments.

## Funding rounds

- Series A, Jun 6, 2019, $4.2M — Silverton Partners

## Investors

- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Series A