ServiceUp Raises $55M in Series B Funding for Vehicle Repair Management

Los Gatos, California-based ServiceUp has raised $55 million in Series B funding, bringing the company’s total funding to date to $70 million.

The round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund and Litquidity Ventures.

With this latest capital raise, ServiceUp plans to grow its team, enter new markets and accelerate development of Connect — a SaaS configuration to give fleets and insurers self-service control over repairs.

Founded in 2021, ServiceUp promotes its platform as delivering efficiency by eliminating manual follow-ups, providing transparency through live repair tracking providing oversight with a centralized dashboard.