Openbay operates an online marketplace that helps consumers locate automotive service providers, compare price quotes, and transact for maintenance services. The company also offers SaaS-based solutions for automotive care businesses to acquire and service customers. Led by founder and CEO Rob Infantino, Openbay serves the automotive aftermarket industry from Cambridge, MA. It closed an $8M Series A round of financing to support product and market expansion. The company intends to use the funds to bring AI-enabled solutions for businesses that provide automotive repair services to market and to grow existing and new markets across its offerings. Openbay operates an online marketplace and iOS app where car owners enter a problem, answer questions, and submit service requests to a network of local automotive professionals. The platform vets and indexes providers, solicits competing offers, and lets users compare price, location, ratings and reviews before booking and paying through Openbay. CEO and cofounder Rob Infantino said the approach reduces costs and makes finding skilled, trustworthy professionals easier. At launch the company had roughly 400 auto service professionals listed in the Boston metropolitan area. Openbay must grow its marketplace quickly to scale beyond its initial market and to satisfy investors amid a crowded competitive landscape. The company revealed seed funding from Google Ventures, Andreessen Horowitz’s a16z seed fund, Boston Seed Capital, and Stage 1 Ventures.

Total raised

$8M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2018