ServiceUp, a Los Gatos, CA-based all-in-one tech platform for managing vehicle repairs, has secured $55 million in Series B funding. 

Investors 

The round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures. 

PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 50 high-growth software businesses and managing more than $2.5 billion in assets under management (AUM), PeakSpan’s mission is to be the partner of choice for growth-stage entrepreneurial teams building innovative software for business customers of all sizes. 

ServiceUp Use of Funds 

The company will use the funding to grow its team, expand into new markets, and accelerate the rollout of its new SaaS offering, Connect. 

About ServiceUp 

Founded in 2021, ServiceUp provides an all-in-one platform designed to simplify and modernize vehicle repair management for fleets and insurance carriers. The platform centralizes and automates the end-to-end repair process, from pickup to delivery, offering real-time updates, full visibility, and streamlined operations. Its dual offering includes, Connect, a SaaS solution that gives fleets and insurers self-service control over repairs and ServiceUp 360, a full-service repair coordination solution. Headquartered in Los Gatos, California, ServiceUp serves companies including Zipcar, Voyager Global Mobility, Clearcover, and SIXT. 

Funding Details 

Company: ServiceUp, Inc. 

Raised: $55.0M 

Round: Series B 

Funding Date: July 2025 

Lead Investor: PeakSpan Capital 

Additional Investors: Hearst Ventures, Trestle Partners, Capital Midwest Fund, Litquidity Ventures 

Company Website: https://www.serviceup.com/  

Software Category: Automotive Repair Tech / Fleet Management / Claims Automation 

Source: https://www.businesswire.com/news/home/20250709408061/en/