Autolab, a trailblazer providing management software to car service facilities, has successfully raised USD $4.1 million in a funding round.
Vertical Venture Partners and Haven Ventures led the round, which also saw participation from Interplay, Bullpen Capital, Proeza Ventures, and Polymath Ventures.
Founded in 2014 by Salvador Zepeda, Autolab seeks to bring transparency, standardization, and convenience to an industry often viewed as informal and untrustworthy.
The company’s software links car service facilities with diverse clients, from corporate fleets to individual vehicle owners.
Autolab already operates a network of more than 150 repair shops that serve over 70 vehicle fleets. With the new funds, the company plans to grow tenfold by December 2024, targeting 480 fleet clients.
The expansion aims to improve the efficiency and reliability of car service facilities in more than 20 cities in Colombia and Mexico.
Among its client portfolio are companies such as Enterprise, National, and Alamo.
This funding round marks a significant milestone for Autolab as it strives to revolutionize the car service industry in Colombia and Mexico through its innovative software solutions.
Salvador Zepeda, the CEO of Autolab said:
“This funding will enable us to offer our software to a broader range of auto shops in Colombia and Mexico. Our software helps these shops standardize operations, automate customer service, and efficiently plan their workload”.
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