Feb. 11, 2013—RepairPal, an online resource for auto repair, has received $13 million in funding from Cars.com and Castrol innoVentures, the new investment arm of Castrol.
The investment will allow RepairPal to add more product enhancements and additional Top Shops—shops that meet stringent standards for quality, price and customer satisfaction—to an expanding network of 200 shops nationwide. The network was created to help consumers find trustworthy auto repair businesses.
“Cars.com and Castrol are two names that almost every car owner knows and trusts,” said RepairPal CEO Art Shaw. “Having two leaders in the industry fund the growth of our network of auto repair shops is a tremendous validation of the role RepairPal will play in the lifecycle of car ownership and maintenance. This investment will accelerate our efforts to help customers find and choose the right repair shop for their car needs.”
RepairPal maintains that it is the only company that independently screens repair shops for quality, skill, parts, price and a proven track record of customer satisfaction. Cars.com is an online destination for car shoppers that helps them make buying decisions through consumer and expert information.
This is Castrol innoVentures’ first investment in technology start-ups. RepairPal has been a featured content partner on Cars.com since RepairPal’s launch.
