YourMechanic, a Mountain View, CA–based mobile car repair network, closed $10.1m in Series B1 funding.
The round was led by institutional and individual investors including Royal Bank of Canada, SoftBank Capital, Verizon Ventures, American Family Ventures, Data Point Capital, and Rick Wagoner, former Chairman and CEO of General Motors, among others.
The company, which has secured $35.3m in funding to date, will use the funds to accelerate international expansion for its mobile car repair platform, which connects car owners with mobile mechanics who provide more than 800 repairs, maintenance, and diagnostic services, to build out additional services for rental, rideshare, corporate, and government fleet managers.
Led by Anthony Rodio, CEO, YourMechanic is a mobile car repair platform that connects mobile mechanics to customers who seek affordable and convenient car repair services at their home or office, seven days a week, It offers more than 800 repair, maintenance, and diagnostic services via mechanics in more than 5,000 cities across the U.S. and Canada.
Initially launched in 2017, the company’s Fleet Solution has doubled its customer base in the rental, rideshare, corporate and government markets in the last 12 months.
FinSMEs
10/10/2018