Xtime Raises $23M in Series 2 Funding
Xtime, a Redwood Shores, California-based Customer Relationship Management (CRM) and scheduling platform for the automotive service industry, has raised $23m in Series 2 funding.
The round was led by Bessemer Venture Partners, with participation from Lumia Capital and existing investors RPM Ventures and Saints Capital. Jeremy Levine, partner at Bessemer Venture Partners, and Heidi Roizen, venture partner at DFJ, have joined Xtime’s board of directors.
The company intends to use the capital to support multiple deployments simultaneously, allowing global expansion.
Led by Neal East, CEO, Xtime provides a cloud-based Customer Relationship Management (CRM) and scheduling platform for automotive manufacturers and dealer service departments. The company counts more than 4,800 dealerships as customers and has registered almost 2 million consumers. It serves global automotive manufacturers in North America, including Lexus, Toyota Canada, Toyota US, BMW, Mercedes-Benz, Nissan, Infiniti, VW, Audi, Chrysler and Hyundai.
The company employs more than 225 employees across its eight global offices in North America, Europe, Australia and Asia.