AutoLeap raises $8 million CAD as former FieldEdge CEOs tackle local auto repair industry
Toronto-based startup AutoLeap has closed an $8 million CAD seed round, comprising $6.4 million in equity and $1.6 million in venture debt.
The round was led by Threshold Ventures, with participation from Maple VC, Global Founders Capital, Codename Ventures, and former NFL and San Francisco 49ers legend Joe Montana, through his venture capital firm Liquid2 Ventures.
“Replacing software is a root canal and a half for a small business owner.”
It also included angel investors from the automotive industry, such as former General Motors CEO Rick Wagoner, Shift Technologies co-CEO George Arison, and former Bridgestone executive Ned Aguilar. The venture debt was provided by Silicon Valley Bank.