Capitalization and investment milestones
• 2019: Launched by Knoxville-based Greater Sum Ventures (GSV) via the acquisitions of ShopBoss and Text2Drive.
• 2022: Secured a strategic growth investment (totaling approximately $289 million in historical funding) led by Lightyear Capital and existing investors, including Greater Sum Ventures and PSG.
• 2024: Brought on CEO Josh Weis to guide the company through its next phase of rapid scaling.
Growth and M&A Milestones
Vehlo’s market expansion strategy has been heavily driven by an aggressive series of acquisitions spanning shop management, reconditioning and dealership payments.
• 2023: Acquired Rapid Recon and Velocity Automotive, extending its fixed ops suite to shorten “time-to-line” for preowned inventory.
• 2024: Acquired Shop-Ware, a leading cloud-based auto shop management software provider.
• 2025: Expanded its fintech and dealership solutions with the acquisitions of Dealer Pay in May and Total Customer Connect (TCC) in July.
• 2026: Dealer Pay unit ranked on the Inc. 5000 list with a three-year revenue growth of 433%. Integration with the Ford Commitment program.
• 65 million+: Annual repair orders processed across North America.
• 35,000+: Dealerships and independent repair shops supported
• $12 billion+: Payments processed annually
Source: Greater Sum Ventures