AutoReturn, LLC, a San Francisco-based towing management systems provider, received an investment from St. Cloud Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to continue to accelerate growth.
Led by John Wicker, Chief Executive Officer and Founder, AutoReturn provides towing management systems bringing operational expertise, technology solutions, and 24 x 365 service to its partners. The company, which utilizes an asset-light business model, has performed over 1.5 million tows in over 18 municipalities to date.
The investment came out of St. Cloud’s third fund, which has committed capital of $250 million.