uParts Raises $2 Million of Series A Funding
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Irvine, California – uParts, a revolutionary platform that helps repair professionals, insurance carriers and part suppliers conduct transactions over the Internet has raised $2 million of series A funding from GRP Partners, Fraser McCombs Capital and angel investors focused on the automotive industry.
“uParts is a great company with a unique service offering to the collision repair industry. Collision shops have been slow to embrace technology for parts procurement and typically use phone and fax calls to place their orders, which results in minimal transparency and higher costs. uParts is solving this problem through technology that will transform the industry.” said Steven Dietz, a Partner at GRP Partners.
The new funding will be used in deploying the uParts platform nationally and plans to be the leader of the $15 billion collision parts industry.
Funding Total: $2,000,000
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|Investors: GRP Partners|