HIG Growth Partners (HIG), the dedicated growth capital affiliate of HIG Capital, has completed a strategic growth investment in myKaarma, a growing, end-to-end SaaS platform for franchise automotive dealership service lanes.
Founded in 2012 and based in Long Beach, CA, myKaarma’s unified solution includes an integrated suite of scheduling, interaction, communication, and payment tools that encompass the entire repair process, thereby driving efficiencies for dealer service lanes as well as improved experiences for vehicle owners.
HIG’s growth investment will be used by myKaarma to drive further innovation and product enhancement to meet the growing needs of the evolving dealer space, expand platform functionality to broaden use cases, and hire new resources to support and accelerate the company’s growth.
