CrashBay stands as the first-ever collision repair marketplace, dedicated to streamlining the connection between consumers, insurance companies, and repairers. Today’s announcement underscores the growing recognition of CrashBay’s disruptive potential within the automotive repair sector.
The company has rapidly risen to prominence as a frontrunner in delivering comprehensive collision repair services customised for the requirements of fleets and carriers throughout North America. Through its pioneering platform, both vehicle owners and carriers can effortlessly schedule appointments with accredited repair shops. Conversely, repair establishments benefit from a range of programs aimed at simplifying their processes and improving the quality of their services.
The infusion of capital marks a crucial milestone in CrashBay’s journey, and the insurtech aims to redefine how fleets, carriers, and repairers engage and collaborate.
The funding will also fuel CrashBay’s efforts in enhancing connectivity and efficiency within direct repair programs. With the backing of seasoned industry veterans, CrashBay is poised to catalyse transformative change, offering a user-friendly platform for all stakeholders involved in the collision repair process.
“This partnership with Markd signifies a major milestone for our company, giving us the fuel we need to achieve our mission of empowering car owners and carriers to connect with trusted repair shops anywhere in the world!” said Founder & CEO John Harvey.
He continued: “Being backed by such a prolific Insurtech fund like Markd, with their expertise and leadership, uniquely equips CrashBay as we embark on the next stage of our transformation journey.”
Parker Beauchamp, Managing Partner at Markd, added: “I’m sick of waiting 6+ months for my car repairs, and I figured everyone else is, too. These guys grew up in body shops and insurance company claims departments. Surely, there are improvements to be made. I’m excited for the CrashBay team and their opportunity.”
CrashBay is redefining the automotive industry landscape by transforming how car owners, insurer fleets, and repair shops connect and collaborate. Its platform offers customised SaaS solutions, digital payments, and claims services developed to address the unique needs of its partners.
Co-Founder & President Andrew Daniels on the CrashBay model: “Our traction highlights the importance of creating a unified marketplace that simplifies the complexities associated with collision repair, fostering an environment where trust, transparency, and efficiency thrive. Our focus as a facilitator helps all stakeholders benefit from process digitisation.”
