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Shopmonkey Announces $75M Series C Funding

2021-07-16
SAN JOSE, CA, Shopmonkey, a SaaS company serving the automotive industry, has raised a $75 million Series C led by Bessemer Venture Partners and Index Ventures.
SAN JOSE, CA, Shopmonkey, a SaaS company serving the automotive industry, has raised a $75 million Series C. This round of funding was led by previous investors Bessemer Venture Partners and Index Ventures, with participation from Headline and I2BF, plus new investor ICONIQ Growth.

Shopmonkey was founded in 2016 by Ashot Iskandarian. Shopmonkey is a cloud-based system that simplifies the complexities of running an auto repair business onto a single platform, including appointment scheduling, parts ordering, customer communications, and payment processing.
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