BizzyCar has closed on a $15 million oversubscribed growth funding round, led by Dealer Tire with participation from existing investors Avenue Growth Partners and Cequel III.

In a news release, BizzyCar, whose platform is designed to increase service revenue by automating recalls, said the investment will be used to accelerate growth and scale its artificial intelligence-driven platform to meet increasing demand from dealerships in the U.S. and Canada.

The company said it has exceeded 300% year-over-year growth for multiple years.

“This latest funding round is a critical step in our growth journey,” CEO Ryan Maher said. “This capital will enable us to accelerate our efforts in building the next generation of automated service platforms, reaching more dealers and driving innovation across the auto industry.

“Dealer Tire stood out as the perfect strategic partner, not only because we share the same customer base and stakeholders, but also due to their vast network of nearly 9,000 dealership customers and over 20 OEM relationships. Their ability to help us scale aligns perfectly with our vision, and together we’re positioned to deliver even more value to dealerships nationwide.”

BizzyCar’s core product is a fully automated service platform that uses proprietary recall data to drive customers to franchise dealers for recall service, which the company said increases customer retention, as well as helping increase efficiency and profitability.

The platform integrates directly into OEM systems and uses data, powered by AI, to give dealerships a turnkey solution. BizzyCar said it is investing heavily in mobile service technology to give dealers better ways to integrate mobile service into their processes.

“We’ve been watching the acceleration of BizzyCar in the recall space with interest,” Dealer Tire CEO Scott Mueller said. “We understand the significance of a solution that improves safety for drivers and efficiency for dealer owners.”

BizzyCar said the new capital positions it to continue its annual growth trajectory, adding new customers and increasing the capabilities of its platform.

The company’s newest offering is Recall Scout, a tool designed to eliminate missed service opportunities for dealerships by identifying and addressing recalls for customers who already have unrelated service appointments booked, helping dealers tap into another service revenue stream.

BizzyCar is also expanding its staff, which is now up to 80 members, with plans to grow to 120 employees by the end of 2024.

“Our mission is to build the next generation automated service platform in autotech, while making roads safer for drivers across all manufacturer brands,” Maher said.