Seattle-based cellular car repair market Wrench swooped every other competitor on Tuesday, saying the acquisition of Toronto-based totally Fiix. Both agencies offer on-call for at-domestic car maintenance services.
Founded in 2015, Fiix graduated from Y Combinator in 2017 and had raised $1.9 million. The startup serviced extra than eight,000 clients and inked offers with Uber and car2go.
Wrench launched 12 months after Fiix, however, it has accrued a much broader geographic footprint and raised more capital, which includes a $12 million Series B spherical closing year from Tenaya Capital, Vulcan Capital, and Madrona Venture Group.
Wrench matches vetted mechanics with the ones wanting their automobile fixed, without requiring a trip to a dealership or store. Repairs can be achieved anywhere from a workplace parking zone to a downtown parking garage to a client’s driveway. Wrench facilitates the assembly and makes money off each transaction. It offers a one-12 month, 12,000-mile guarantee on elements and hard work.
The employer now operates its provider in all 50 states and main cities which include Seattle, Phoenix, Dallas, Austin, Portland, Las Vegas, Los Angeles, San Francisco, and Denver.
“This acquisition now not most effective unlocks incremental consumer call for in cities we’re currently in, however additionally strengthens the muse of latest clients in towns into which we’re trying to extend,” Casey Willis, co-founder of Wrench, said in a statement.
Wrench said it plans to strengthen its search engine optimization attain and probably make bigger into Canada with the purchase of Fiix, which had raised cash from Javelin Ventures, Y Combinator, and Upshift Capital. We’ve accompanied up with Wrench to get more details about the future of Fiix’s emblem and any worker additions. Terms of the deal were not disclosed.
In a weblog put up, Fiix co-founder Zain Manji known as the purchase “exciting and bittersweet.”
“After months of assembly ability acquirers, we decided that Wrench would be the fine healthy for us and would be able to surely take Fiix’s project and execution to some other stage,” Manji wrote. “We locate the team at Wrench first-rate and love their operational and product abilties. Most importantly, their potential to execute and push limitations within the enterprise is awesome.”
In September 2018 Wrench acquired Otobots, a Chicago-primarily based agency that operates a comparable marketplace.
Wrench CEO Ed Peterson co-founded Wrench with Willis and Doug Stevens. Peterson and a number of his modern colleagues based and bought Intelius, a public file seek enterprise, and TalentWise, which does background assessments and other screening services.
