uParts, Inc., an Irvine, California-based provider of a cloud platform where auto parts are systematically identified, effectively located, and electronically procured, closed a $2m Series A financing.
Backers included GRP Partners, Fraser McCombs Capital and other automotive industry veterans. In conjunction with the funding, Steven Dietz, a Partner at GRP Partners, joined uParts’ Board of Directors.
Led by Alex Adegan, Founder, President & CEO, uParts has developed an electronic parts procurement platform that enables repair shops and insurance carriers to obtain part information, communicate with suppliers and procure auto parts.
The company is now deploying its platform nationally by broadening its installed-base of collision repair centers, electronically integrating with more supplier inventory management systems and expanding its feature-set.
FinSMEs
10/05/2013