ServiceUp repair management platform finishes second round of fundraising

Auto repair management platform ServiceUp has raised $55 million in Series B funding, which brings the company’s total funding to $70 million. This was led by PeakSpan Capital with help from investors Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures.

"We’re not here to slightly improve vehicle repair management. We’re rebuilding it from the ground up,” said Brett Carlson, co-founder and CEO of ServiceUp. “Every delay, every unknown, every wasted hour — we’re eliminating all of it with tech and automation. This raise gives us the fuel to move faster, go bigger, and keep pushing the auto repair industry forward."

For fleets, ServiceUp360 and ServiceUp Connect, the company’s SaaS configuration for fleets, are aiming to provide easy-to-access collision, mechanical, and routine services. ServiceUp picks up the vehicle from the lot or office and returns it once work is done, and ServiceUp Connect provides a centralized dashboard to communicate about repairs, view photos, manage estimates, and track repair status.

In particular, the recent fundraising will allow the company to grow its team, enter new markets, and accelerate development for ServiceUp Connect, the company said.