Vehlo, a provider of software and financial solutions for the automotive repair industry, has announced a majority investment from Greater Sum Ventures (GSV), an entrepreneurial family office that invests its own capital in middle-market software and tech-enabled services companies.
GSV works with select, independent co-investing partners to build platforms of technology companies to revolutionize the industries they serve. Headquartered in Knoxville, TN, GSV provides access to capital and operational support.
GSV is joined by existing investors PSG, HarbourVest Partners and Parkwood as well as new investor Lightyear Capital.
Vehlo aims to empower automotive service providers with the tools they need to deliver an excellent customer experience and run a profitable business. The company’s portfolio of cloud‐based software facilitates and automates key marketing, scheduling, customer communications and digital vehicle inspection tasks.
The company also offers technology to support the financial operations of shop owners, including payments, small business loans and repair financing.
Since Vehlo got its start in 2019, the company has completed 14 acquisitions to expand its suite of capabilities. The new round of financing aims to further support Vehlo’s expansion, particularly through product innovation and customer success initiatives in addition to additional acquisitions across the automotive aftermarket and dealership service lanes.
