uParts
Latest round
- Series A
Last raised
- May 2013
Total raised
- $2M
Investors
- 2
About uParts
uParts, Inc.Founded in 2009 and headquartered in Irvine, US, uParts, Inc. focuses on providing a platform that connects part suppliers with repair facilities.uParts provides a comprehensive platform designed to streamline the parts procurement process for repair facilities, insurance carriers, and part suppliers. The core offering enables part suppliers to register and have their products included in repair estimates, effectively creating a new sales channel for their inventory. uParts’ platform facilitates the sourcing of OEM, aftermarket, and LKQ parts, supporting repair facilities in making informed purchasing decisions from start to finish. By integrating with legacy software applications commonly used in the auto repair industry, uParts enhances the efficiency of transactions, allowing for seamless procurement processes.uParts generates revenue through a structured system of transactions involving part suppliers and repair facilities. The company's business model operates on a B2B basis, where part suppliers pay to have their products listed on the platform, facilitating direct orders from repair facilities. This may involve subscription fees for suppliers, enabling them to gain visibility within the repair estimate process. Revenue is further supported by partnerships with repair shops and insurance carriers who utilize uParts' services to manage their parts procurement efficiently.uParts, Inc. plans to enhance its platform with new products designed to further optimize the parts procurement process.00 mn to support product development and market entry initiatives. Furthermore, the company has partially realized its investments in Fraser McCombs Capital, indicating a strategic move to strengthen its financial foundation for future growth.
Who invested in uParts
2 investors across 1 round
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Funding rounds
Series A
May 10, 2013
Amount
$2M
Investors
Questions about uParts
Who invested in uParts?
uParts has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has uParts raised?
uParts has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did uParts last raise money?
uParts's most recent round on record is a Series A, in May 2013.
What does uParts do?
uParts is a software company.
Where is uParts headquartered?
uParts is headquartered in Irvine, US.
Which VCs invest in companies like uParts?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at uParts's stage. Their profiles are linked below.
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