ServiceUp raises £40m ‘to transform US vehicle repairs’
ServiceUp, the all-in-one tech platform transforming how fleets and insurers manage vehicle repairs in the United States, has raised US$55 million (£40.4m) in Series B funding, bringing the company’s total funding to date to US$70 million.
This latest funding round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures.
ServiceUp raises US$55m
Founded in 2021, ServiceUp initially started by managing repairs for individual drivers with a simple model: pick up the car, get it repaired, and return it hassle-free. The business quickly realised there was a bigger problem and greater opportunity, so it shifted focus. Fleets and insurers were stuck with outdated processes, disconnected vendors, and no real visibility into repairs. That gap led to an expansion into the B2B market. Today, ServiceUp is a trusted repair partner for leading fleets, insurers, and bodyshops across the US.
Brett Carlson, co-founder and CEO, said as ServiceUp raises new funding:
“We’re not here to slightly improve vehicle repair management. We’re rebuilding it from the ground up. Every delay, every unknown, every wasted hour — we’re eliminating all of it with tech and automation. This raise gives us the fuel to move faster, go bigger, and keep pushing the auto repair industry forward.”
Managing the entire repair process is one of the most painful parts of running a fleet or processing claims – bodyshops often lack updates, data is scattered, and repairs stall with no clear owner. ServiceUp solves that by managing the entire process from pick-up to delivery, while giving teams real-time visibility and control.
Live repair tracking
The platform delivers efficiency by eliminating manual follow-ups, provides transparency through live repair tracking, and offers oversight with a centralised dashboard. Collision, maintenance, and mechanical repairs all flow through one system designed to reduce delays and speed up results. ServiceUp is used by numerous leading companies including Zipcar, Voyager Global Mobility, Clearcover, and Kyte.
Across its customer base, ServiceUp has reduced repair cycle times by over 30%. This improvement means vehicles are back on the road more quickly, ensuring that operations continue to run smoothly and efficiently.
Jack Freeman, partner at PeakSpan Capital, said as ServiceUp raises new funding: “Auto repair has remained one of the last great black boxes in the modern economy – fragmented, opaque, and bogged down by outdated workflows and siloed point solutions. It’s a system that frustrates fleet operators, drains productivity, and kills margin for insurers and service providers. ServiceUp is dismantling that model. They’ve built the first truly intelligence-driven system of engagement for the automotive repair space — redefining how the entire ecosystem connects, communicates, and operates.”
ServiceUp will use the new capital to grow its team, enter new markets, and accelerate development of Connect – a SaaS configuration that gives fleets and insurers self-service control over repairs. Connect centralises workflows across a customer’s existing bodyshop network, while ServiceUp 360 provides full-service repair co-ordination. Together, they offer a flexible SaaS + Managed Service model that delivers faster cycle times, greater transparency, and lower costs.
