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Fintech Platform Fuse Autotech Raises $10M In Series A Funding Led By Target Global

Aug 12, 2021•almost 4 years ago

Amount Raised

$10 Million

Round Type

series a

Minneapolis

Description

FUSE Autotech, a fintech software platform that redefines the car buying process, today announced the completion of its $10 million Series A round of financing, led by Target Global with participation from PICO Venture Partners, Christopher Muhr, former COO of Auto1 (FSE: AG1), and Escavel Capital. This new round of funding will be used to expand FUSE's product and R&D teams.

Company Information

Company

Fuse Autotech

Location

Minneapolis, Minnesota, United States

About

FUSE Autotech is a Finance Management System (FMS) that consolidates online and in-store technologies for a seamless customer experience from start to finish. FUSE Autotech provides car dealerships one, go-to application that streamlines vehicle transactions, reduces cost to sell, maximizes profits and ensures sustainability. FUSE's easy-to-use, replicable process allows dealership personnel to create and close a deal from start to finish in as little as 15 minutes. Proprietary software combines artificial intelligence, technology integration and process automation to streamline vehicle transactions. With FUSE, dealerships are able to close more deals by empowering their entire sales force to take a customer through a complete transaction - from start to finish. Shoppers are asking for a smarter, faster way to buy a car; FUSE Autotech is the answer.

Funding Insights

Based on industry data
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