Shopmonkey Announces $10 Million Funding
September 25, 2019—Shopmonkey, an auto-repair shop software company, announced today that it raised $10 million Series A funding led by Index Ventures.
The company plans to use the funding to recruit local talent and invest in product development. Other participating investors include e.ventures and I2BF. Nina Achadjian at Index Ventures will join Shopmonkey's board of directors.
"We created Shopmonkey to empower every shop to thrive," said Ashot Iskandarian, founder and CEO of Shopmonkey. "The experience for both auto repair shops and customers has been so poor for so many decades, we're incredibly humbled to be able to have a transformative impact on so many people and businesses. This funding enables us to continue to bring new, local talent on board and keep investing in a better product and customer experience."