Automated warranty processing solutions provider WarrCloud said it raised $20 million from Series B investors in a funding round led by Centana Growth Partners. In a release, executives said they have raised $40 million since WarrCloud launched in 2021.

Last year, WarrCloud raised $6.5 million in Series A funding. Joining Centana in Series B were return investors Argentum and Automotive Ventures.

“We’ve generated significant interest from automotive dealers and dealer groups since creating our category and introducing the ability to automate the warranty claims process,” WarrCloud’s founder and CEO, Jim Roche, said in the announcement. “Our ability to deliver on such a unique value proposition has translated to significant support from the investment community, most notably closing this current up round in a down market. With the support of all our investors, we will maintain our growth trajectory and continue to invest in our hyper growth.”

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