StoneEagle F&I receives majority investment from Battery Ventures

What's the deal? On November 9, 2020, StoneEagle F&I, a Richardson, Texas-based technology provider to the automotive industry, announced that it had received a majority investment from Battery Ventures. Terms were not disclosed. Battery general partner Russell Fleischer joined StoneEagle F&I's board.

Context The company said there would be no change in the roles, responsibilities and day-to-day operations of the executive team, led by CEO Cindy Allen, and that Bobby Allen and David Trinder would pursue retirement as a result of the acquisition. Battery said the partnership would allow the company to continue pursuing organic growth and create a platform for acquisitions. Battery lists StoneEagle as an active buyout-stage holding.

Source Business Wire: StoneEagle F&I Announces Majority Investment From Battery Ventures (November 9, 2020)
Battery Ventures: StoneEagle