What is Partly?
Established in 2020, Partly is dedicated to creating a comprehensive global platform for replacement parts. Its core offering, the Parts Commerce Platform, empowers auto parts manufacturers, retailers, and networks to develop enhanced, fitter-first experiences. By streamlining the complex ecosystem of automotive parts, Partly aims to improve efficiency and accessibility for all stakeholders in the supply chain, from production to end-user.
How much funding has Partly raised?
Partly has raised a total of $72.7M across 3 funding rounds:
Seed
$1.7M
Series A
$21M
Series B
$50M
Seed (2020): $1.7M, investors not publicly disclosed
Series A (2022): $21M led by Octopus Ventures, Square Peg, Blackbird Ventures, and Ten13 Management
Series B (2026): $50M supported by WndrCo, Square Peg, Ecliptic VC, DST Global, AirTree Ventures, Activant Capital Group, Icehouse Ventures, and Blackbird Ventures
Key Investors in Partly
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm that invests in mission-driven companies across technology sectors, offering long-term capital and guidance.
Square Peg
Square Peg is a venture capital firm investing in emerging technology companies across the internet economy in Australia and New Zealand, Southeast Asia, and Israel.
Blackbird Ventures
Blackbird Ventures is an Australian venture capital firm dedicated to supporting ambitious founders in building successful technology companies from inception through all stages of growth.
What's next for Partly?
With the recent major strategic investment, Partly is poised for significant expansion and innovation. The company's focus will likely be on scaling its Parts Commerce Platform, enhancing its technological capabilities, and broadening its market reach. This substantial backing suggests a strategic push towards solidifying its position as a leader in the automotive aftermarket, potentially exploring new partnerships and technological advancements to further optimize the replacement parts ecosystem. The company's trajectory indicates a move towards further market penetration and potentially new service offerings.
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