Seattle-based PDM Automotive, a startup that sells a product cataloguing and data platform for auto parts manufacturers and receivers, landed an undisclosed amount of new funding from existing investors.
Founded in 2018, the startup provides information on aftermarket automotive parts and other data. The company has more than 2,000 customers including Polaris, Corvette America, and United Motor Products. PDM told GeekWire that it’s on track to triple revenue by year-end.
PDM spun out of Velocity Automotive, an e-commerce leader in Europe for U.S. auto parts. The startup is led by founders Johannes Crepon, the former founder and CEO of Velocity, and Philipp Crepon, who previously served as CTO of Velocity. The company said it’s scaling headcount.
The company previously raised $4 million in 2021 in a round led by Seattle venture firm Fuse.
The fresh cash comes as the auto parts industry has been steadily rising. Higher interest rates are making new cars less affordable, keeping many would-be buyers sidelined. O’Reilly Automotive announced second quarter total sales of more than $4 billion, up 11% from the year-ago period.