FUSE Autotech, a fintech software platform that redefines the car buying process, today announced the completion of its $10 Million Series A round of financing, led by Target Global with participation from PICO Venture Partners, Christopher Muhr, former COO of Auto1 (FSE: AG1), and Escavel Capital.
The round will be used to expand FUSE's product and R&D teams.
Company: Fuse Autotech
Raised: $10.0M
Round: Series A
Funding Month: August 2021
Leading Investors: Target Global
Additional Investors: Pico Ventures Partners, Christopher Muhr, COO of Auto1, and Escavel Capital
Company Website: https://fuseautotech.com
Software Category: a fintech software platform
About the Company: FUSE Autotech is a Finance Management System (FMS) that consolidates online and in-store technologies for a seamless customer experience from start to finish. FUSE Autotech provides car dealerships one, a go-to application that streamlines vehicle transactions, reduces the selling cost, maximizes profits, and ensures sustainability. FUSE's easy-to-use, the replicable process allows dealership personnel to create and close a deal from start to finish in as little as 15 minutes. Proprietary software combines artificial intelligence, technology integration, and process automation to streamline vehicle transactions. With FUSE, dealerships can close more deals by empowering their entire sales force to take a customer through a complete transaction - from start to finish.
Source: https://www.prnewswire.com/news-releases/fintech-platform-fuse-autotech-raises-10m-in-series-a-funding-led-by-target-global-301353782.html