# PartsTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/partstech

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Cambridge, US
- Website: www.partstech.com
- Total disclosed funding: $19M
- Latest round: Series C (May 5, 2023)
- Investors on record: 4

## About

Based in Massachusetts, US, and founded in 2013, PartsTech Inc operates as a software development company that offers an ordering platform for wholesale automotive parts procurement. The company was Co-founded by Greg Kirber (CEO) and Erik St. Pierre (COO). In May 2023, PartsTech, Inc. raised USD 35 million in series C funding led by OpenView Venture Partners, Insight Partners, and BP Ventures.

The company offers a platform that helps mechanics and automotive repair companies to order bulk spare and aftermarket parts. The firm helps users to source aftermarket parts and provides tires from more than 40 suppliers. The platform also helps with tools that help users to streamline their inventory and it can also be integrated into current management systems.

The firm generates its revenue through a subscription model. The packages offered by the firm cost USD 45 per month for Parts Tech Plus and USD 85 per month for Parts Tech Complete package.

The company plans to use the May 2023 funding to broaden the platform to ensure the repair shops have wide-ranging procurement solutions.

## Funding rounds

- Series C, May 5, 2023, $15M — Insight Partners, OpenView, BP Ventures
- Series A, Dec 28, 2018, $3.5M — BP Ventures, Castrol innoVentures

## Investors

- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series A, Series C
- Castrol innoVentures (https://capitalatlas.ai/funds/castrol-innoventures) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- OpenView (https://capitalatlas.ai/funds/openview) — Series C