What is CassTime?
Founded in 2015 and headquartered in Shenzhen, CassTime operates as a multifaceted platform that bridges the gap between auto parts suppliers and repair workshops. The company provides an integrated ecosystem that combines e-commerce capabilities with sophisticated SaaS management tools. This dual-pronged approach allows workshops to optimize their inventory management, access transparent pricing, and utilize specialized supply chain finance services. By digitizing traditionally fragmented automotive logistics, CassTime has established itself as a critical utility for the modern automotive service industry, effectively reducing operational friction and enhancing efficiency for thousands of stakeholders.
How much funding has CassTime raised?
CassTime has raised a total of $80M across 1 funding round:
Other Financing Round
$80M
Other Financing Round (2019): $80M with participation from Hua Partners, Source Code Capital, and Sequoia Capital China
Key Investors in CassTime
Source Code Capital
A prominent venture capital firm that utilizes a bottoms-up research approach to invest in innovative companies across sectors like enterprise, finance, and retail, guided by its Big 3 Fundamental Drivers roadmap.
Sequoia Capital China
A globally recognized venture capital firm that partners with entrepreneurs to build market-leading companies, providing long-term strategic support across venture, growth, and late-stage opportunities.
Hua Partners
An investment firm participating in the strategic financing round to support the growth and operational scaling of the company.
What's next for CassTime?
With the successful closure of this major strategic investment, CassTime is well-positioned to scale its technological infrastructure and expand its footprint within the competitive automotive aftermarket. The company is expected to prioritize the enhancement of its SaaS suite, focusing on deeper integration with logistics networks and the expansion of its supply chain finance offerings. As the firm moves into its next phase of development, the focus will likely shift toward increasing market penetration and refining its data-driven procurement models to better serve the evolving needs of the automotive service sector. This capital injection provides the necessary runway to accelerate product innovation and maintain its competitive edge in an increasingly digitized market landscape.
See full CassTime company page
