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§ Private Profile · San Jose, CA, USA
Shopmonkey is a technology company.
Shopmonkey provides a comprehensive auto repair shop management software designed to streamline the operations of service centers. This all-in-one platform integrates essential functionalities such as invoicing, point-of-sale systems, customer relationship management, inventory management, and scheduling tools. The software enables shops to efficiently manage their workflow, track performance, and digitize various administrative tasks.
The company was founded in 2016 by Ashot Iskandarian, who identified a significant pain point within the auto and motorcycle repair industry. Iskandarian recognized that many local shops struggled with disjointed systems and manual processes, prompting the development of an integrated solution to simplify and modernize their business management. His background informed the practical approach to addressing these operational challenges.
Shopmonkey caters to independent auto and motorcycle repair shops, as well as larger automotive franchise groups. The platform's mission is to empower these businesses by delivering intuitive and powerful software that enhances profitability, optimizes day-to-day operations, and allows owners to focus on their core craft. The long-term vision is to continue enabling growth and efficiency for the automotive service sector.
Shopmonkey has raised $110.0M across 3 funding rounds.
Shopmonkey has raised $110.0M in total across 3 funding rounds.
Shopmonkey is a cloud-based shop management software platform designed for auto repair businesses, consolidating workflows like appointments, estimates, invoicing, inventory management, and customer communications into an all-in-one solution.[1][2][4] It serves shop owners, technicians, customers, and accountants at small garages to multi-location enterprises across the US and Canada, solving operational complexities by automating tasks, reducing phone time, and providing real-time insights to streamline operations and drive growth.[1][3][4] With over 10,000 customers, 150+ employees, and rapid expansion—adding 700 new locations monthly—the company demonstrates strong momentum, backed by $110 million in funding.[3][5]
Shopmonkey was founded in 2016 by Ashot Iskandarian, who channeled his passion for cars into the platform's first lines of code in January 2017.[3][5] Emerging from the need for a modern digital tool to help auto repair shops operate at peak performance, it drew inspiration from vertical SaaS successes like Toast and ServiceTitan, targeting fragmented SMB operations in automotive repair.[1] Early traction came from addressing scale challenges as customer numbers grew to thousands, leading to infrastructure upgrades for hyperscale growth and low-latency access across locations.[3][5]
Shopmonkey rides the vertical SaaS wave transforming SMB industries, akin to Toast for restaurants or ServiceTitan for home services, by digitizing legacy auto repair operations amid rising vehicle complexity and customer demand for seamless digital experiences.[1][3] Timing aligns with post-pandemic shop digitization, labor shortages, and supply chain pressures, where automation boosts efficiency for an industry serving millions of annual repairs.[2][4] It influences the ecosystem by standardizing workflows for 10,000+ North American shops, fostering connected auto care through integrations and scalable infrastructure that supports hyperscale growth.[3][5]
Shopmonkey is poised for continued dominance in auto repair SaaS, expanding to more service niches like quick lube, fleets, and detailing while enhancing enterprise onboarding for multi-shop chains.[4][6] Trends like AI-driven diagnostics, EV servicing, and deeper parts ecosystem integrations will shape its trajectory, amplifying growth beyond current 700 monthly locations.[1][3] Its influence may evolve into a full auto care platform, connecting shops, customers, and suppliers in a unified network—building on its founding vision to revolutionize the industry from the ground up.[5]
Shopmonkey has raised $110.0M across 3 funding rounds. Most recently, it raised $75.0M Series C in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2021 | $75M Series C | Bessemer Venture Partners, Index Ventures | Battery Ventures, Dragoneer Investment Group, Tiger Global Management, Headline, I2BF Global Ventures, Will Griffith | Announced |
| Aug 1, 2020 | $25M Series B | Bessemer Venture Partners | Battery Ventures, Dragoneer Investment Group, Index Ventures, Tiger Global Management, Headline, I2BF Global Ventures | Announced |
| Sep 1, 2019 | $10M Series A | Index Ventures | Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Tiger Global Management, Headline, I2BF Global Ventures | Announced |
Shopmonkey has raised $110.0M in total across 3 funding rounds.
Shopmonkey's investors include Bessemer Venture Partners, Index Ventures, Battery Ventures, Dragoneer Investment Group, Tiger Global Management, Headline, I2BF Global Ventures, Will Griffith, e.ventures.