Startup Hits $10B Valuation Selling Software to Repair Shops
The newest entrant to the $10 billion club doesn't do AI, crypto or space. It sells scheduling, inventory and diagnostics software to independent repair shops — and it has been profitable since its first year.
The four-year-old company rode a wave few investors saw coming: right-to-repair legislation passing across major markets, which unlocked a long tail of small businesses suddenly able to service devices they previously couldn't touch.
Boring is the new moat
With 240,000 shops on the platform, the company now processes more repair transactions than any manufacturer's official network. Its founder remains delightfully unbothered by trends: “We automate paperwork for people who fix things. That's it. That's the company.”
The new funding round will bankroll expansion into auto and agricultural equipment repair, two sectors where new legislation lands next year.
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