RepairPal has announced the completion of its $4 million Series A financing. Tugboat Ventures led the round that also included individual investors: Rick Keister, former CEO of Keystone Automotive Industries (acquired by LKQ Corp.) and former President of Aftermarket at Delco Remy; David Strohm, Partner at Greylock Partners, board member at EMC and VMware; Mark Goines, former Intuit executive and board member at Mint.com; and Michael Torres, CEO of Adelante Capital Management.
Dave Whorton, Managing Partner at Tugboat, joined RepairPal's Board of Directors. Whorton was co-founder of Drugstore.com (DSCM) and founding CEO of Good Technology (acquired by Motorola).
Prior to founding Tugboat Ventures, Whorton was managing director at TPG Ventures and associate partner with Kleiner Perkins Caufield & Byers, where he worked on the firm's AutoTrader investment. He currently serves on the Boards of Directors of SuccessFactors (Nasdaq: SFSF), Cuil, RichRelevance and NewSchools Venture Fund.
“We’re thrilled to have Dave and the other new investors who share our vision and commitment to creating the highest quality data and products in the marketplace,” says David Sturtz, CEO of RepairPal. “With this investment we can significantly advance our roadmap and ability to deliver value to our customers, partners and visitors.”
"In a large and important industry viewed skeptically by consumers, RepairPal has built the definitive database of consumer-accessible auto repair costs, and has established itself as a trusted partner to consumers, dealerships, shop owners and key industry players," says Whorton. "Their commitment to customer success and technical excellence reflects the key values of great ventures such as Amazon and SuccessFactors."
For more information, visit repairpal.com.
