"We believe RepairPal will accelerate our broader services efforts by expanding our offerings in the multi-billion dollar U.S. auto services advertising vertical," Jeremy Stoppelman, Yelp's co-founder and CEO, said in a statement.
"Yelp has added functionality beyond restaurant and business search tools, like an AI-powered feature that suggests plumbers, repairmen, and other home service providers to users potentially in need of them."
"In the company's most recent fiscal quarter, advertising revenue from services businesses increased 11% year-over-year to a record $228 million, with revenue growth of around 15% in the home services category alone."
"The acquisition is a nice exit for San Francisco-based RepairPal, which managed to raise $21.3 million in funding from Cars.com, Tugboat Ventures, and others in the 17 years since the company's founding."
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