Xtime Books $23M For Automotive CRM

Redwood Shores-based Xtime, a developer of cloud software used by auto dealers to manage mobile scheduling of maintenance and repair, has raised $23M in a funding round, the company said today. The Series 2 funding was led by Bessemer Venture Partners, and also included Lumia Capital, RPM Ventures, and Saints Capital. Jeremy Levine of Bessemer and Heidi Roizen at DFJ have joined the company's board of directors as part of the funding. Xtime, which is headed by Neal East, develops a customer relationship management (CRM) tool used by a automobile dealers to manage customer loyalty, maintenance, scheduling, and more. More information »