About Partly
Partly is a company based in Christchurch (New Zealand) founded in 2020 by Tony Austin, Levi Fawcett, Mark Song, and Nathan Taylor. It operates as a AI-as-a-Service, API-as-a-Product, and Two-Sided Marketplace. Partly has raised $41.26 million across 3 funding rounds from investors including Octopus Ventures, Blackbird Ventures and Hillfarrance Venture Capital. Partly offers products and services including Repair Collision Parts, OMS Order Management, Workshop Service Parts, PIM Inventory Management, and Dismantle Green Parts. Partly operates in a competitive market with competitors including QAD and Fujian Zhongchuang Chelian Network Technology, among others.
- Headquarter Christchurch, New Zealand
- Founders Tony Austin, Levi Fawcett, Mark Song, Nathan Taylor
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Partly Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.26 M (USD)
in 3 rounds
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Latest Funding Round
$37 M (USD), Series A
Dec 13, 2022
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Investors
Octopus Ventures
& 13 more
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Employee Count
Employee Count
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Products & Services of Partly
Partly offers a comprehensive portfolio of products and services, including Repair Collision Parts, OMS Order Management, Workshop Service Parts, PIM Inventory Management, and Dismantle Green Parts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Collision parts procurement system is built for efficiency.
Parts ordering process is streamlined and fully automated.
Service parts ordering is designed for intuitive experience.
Inventory data is consolidated using advanced management software.
End-of-life vehicle parts are connected to repairers directly.
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Funding Insights of Partly
Partly has successfully raised a total of $41.26M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $37 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $37.0M
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First Round
First Round
(08 Oct 2020)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Partly | Valuation | Octopus Ventures , Blackbird Ventures | |
| Oct, 2021 | Amount | Seed - Partly | Valuation | Blackbird Ventures , Peter Beck | |
| Oct, 2020 | Amount | Seed - Partly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Partly
Partly has secured backing from 14 investors, including venture fund and angel investors. Prominent investors backing the company include Octopus Ventures, Blackbird Ventures and Hillfarrance Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Investments are made in seed, early, and later-stage tech companies.
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Founded Year | Domain | Location | |
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Venture capital funding is offered to startups by Hillfarrance.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Partly
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Partly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Partly Comparisons
Competitors of Partly
Partly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QAD and Fujian Zhongchuang Chelian Network Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for manufacturing sectors.
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| domain | founded_year | HQ Location |
Offers a cloud-driven management system for auto dealerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Partly
Frequently Asked Questions about Partly
When was Partly founded?
Partly was founded in 2020.
Where is Partly located?
Partly is headquartered in Christchurch, New Zealand.
Who is the current CEO of Partly?
Levi Fawcett is the current CEO of Partly. They have also founded this company.
Is Partly a funded company?
Partly is a funded company, having raised a total of $41.26M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.7M, raised on Oct 08, 2020.
What does Partly do?
AI infrastructure for the automotive parts industry is delivered by Partly, connecting the supply chain to reduce friction and costs. Operational efficiency is improved through digital parts infrastructure. Solutions are offered for OEM suppliers, bodyshops, and MSOs. Modular building blocks powered by foundational AI models are utilized to develop customized systems. Complex parts workflows are enabled for scalability across the sector.
Who are the top competitors of Partly?
Partly's top competitors include QAD and Fujian Zhongchuang Chelian Network Technology.
What products or services does Partly offer?
Partly offers Repair Collision Parts, OMS Order Management, Workshop Service Parts, PIM Inventory Management, and Dismantle Green Parts.
Who are Partly's investors?
Partly has 14 investors. Key investors include Octopus Ventures, Blackbird Ventures, Hillfarrance Venture Capital, Shasta Ventures, and Icehouse Ventures.