Partly Group Raises $50 Million In Series B Funding Led By DST Global Partners At $500 Million Valuation

Partly Group has raised $50 million in Series B funding led by DST Global Partners, achieving a valuation of $500 million. The investment supports the New Zealand-founded startup's expansion of its AI infrastructure platform for automotive repair into the United States, alongside a relocation of its headquarters to Austin, Texas.

Summary of transaction details:

• Deal Type: Series B
• Transaction Amount: $50,000,000
• Valuation: $500,000,000
• Headquarters: Austin, Texas
• Founder: Levi Fawcett
• Notable Investor: DST Global Partners

Founded in 2020 by former Rocket Lab engineer Levi Fawcett, Partly Group has developed "Interpreter," a multimodal AI model that assists repair shops in identifying and ordering vehicle parts. The company is targeting the $100 billion US collision repair market and highlights that its system aids shops in processing orders up to nine times faster, while also reducing parts returns.