[Stay on top of transportation news: Get TTNews in your inbox.]
FinditParts has raised a $30 million minority equity investment from Crestline Investors Inc., the e-commerce marketplace announced.
The Santa Monica, Calif.-based company is an online supplier of medium- and heavy-duty truck and trailer parts, with more than 7 million parts available across over 2,000 unique brands. FinditParts said its service is intended to be online marketplace for an industry in which identifying, purchasing and receiving the correct parts quickly can be a critical challenge.
The Series A funding represents the first institutional investment FinditParts has received since its inception in 2010, and is intended to help accelerate growth and expand its technology and digital content.
“Having self-funded our company for the last decade, it was critical to not just add capital to fuel our continued growth, but to also add a partner with the skills, connections and track record that would help assure our future success,” FinditParts founder and CEO David Seewack said in a release. — Transport Topics
Want more news? Listen to today's daily briefing below or go here for more info:
