About PartsTech
PartsTech is a company based in Cambridge (United States) founded in 2012 by Gregory Kirber was acquired by OEC in February 2025.. PartsTech has raised $38.54 million across 2 funding rounds from investors including bp, OEC and OpenView. PartsTech offers products and services including Aftermarket Parts Ordering, Tires Ordering, OEM Parts Ordering, and Management System Integrations. PartsTech operates in a competitive market with competitors including Vintage Parts, FinditParts, PartsTrader, Motor City Industrial and Original One Parts, among others.
- Headquarter Cambridge, United States
- Founders Gregory Kirber
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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- Legal Name Partstech Inc
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Products & Services of PartsTech
PartsTech offers a comprehensive portfolio of products and services, including Aftermarket Parts Ordering, Tires Ordering, OEM Parts Ordering, and Management System Integrations. 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.
System for sourcing and ordering aftermarket auto parts from suppliers.
Platform to search, quote, and order tires from multiple suppliers.
Tool for finding and ordering original equipment manufacturer auto parts.
Features to connect with shop management systems for seamless ordering.
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Funding Insights of PartsTech
PartsTech has successfully raised a total of $38.54M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in May 2023. 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 2
- Last Round Series C — $35.0M
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First Round
First Round
(08 Jan 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2023 | Amount | Series C - PartsTech | Valuation | OpenView | |
| Jan, 2019 | Amount | Series A - PartsTech | Valuation | BP Ventures |
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| 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 |
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Investors in PartsTech
PartsTech has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include bp, OEC and OpenView. 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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US expansion-stage companies are invested in by OpenView.
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Investment firm scaling software and technology companies from early to late stages.
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Investments in energy technology companies are made by BP Ventures.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 PartsTech
| 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 - PartsTech
| 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 |
Partstech Comparisons
Competitors of PartsTech
PartsTech 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 Vintage Parts, FinditParts, PartsTrader, Motor City Industrial and Original One Parts, 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 |
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| domain | founded_year | HQ Location |
Original automotive parts are distributed online to authorized customers.
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| domain | founded_year | HQ Location |
Online marketplace for truck parts
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| domain | founded_year | HQ Location |
Provides inventory management solutions designed for auto workshops.
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| domain | founded_year | HQ Location |
Motor City Industrial is engaged in industrial supply distribution.
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| domain | founded_year | HQ Location |
Auto parts and accessories are distributed online.
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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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On-demand services are booked through an app-based platform.
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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 Partstech
Frequently Asked Questions about PartsTech
When was PartsTech founded?
PartsTech was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is PartsTech located?
PartsTech is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of PartsTech?
Gregory Kirber is the current CEO of PartsTech. They have also founded this company.
Is PartsTech a funded company?
PartsTech is a funded company, having raised a total of $38.54M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.54M, raised on Jan 08, 2019.
What does PartsTech do?
PartsTech was founded in 2012 in Cambridge, United States, by Gregory Kirber, who serves as CEO. The company operates in the automotive sector, where parts catalogs and inventory tools are provided to business users. Access to suppliers and ordering systems is facilitated through its online domain, partstech.com, supporting wholesale automotive distribution across the region.
Who are the top competitors of PartsTech?
PartsTech's top competitors include FinditParts, Midwest Keyless and Original One Parts.
What products or services does PartsTech offer?
PartsTech offers Aftermarket Parts Ordering, Tires Ordering, OEM Parts Ordering, and Management System Integrations.
Who are PartsTech's investors?
PartsTech has 5 investors. Key investors include bp, OEC, OpenView, Insight Partners, and BP Ventures.
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