Urgent.ly, a Washington, DC-based operatior of a platform connecting motorists to roadside assistance providers using its own smartphone applications, raised $1.2m in Pre-Series A funding.
The round was led by new investor Select Venture Partners, with participation from existing investors Blu Ventures and CIT GAP Funds and angels from the mapping and on-demand sectors.
The company, which has raised nearly $1.8m in total, will use the funds to further accelerate growth throughout the greater Washington, DC area and to prepare for expansion in other markets.
Led by Chris Spanos, co-founder and CEO, Urgent.ly provides an on-demand roadside assistance solution for vehicle breakdowns, lock-outs, flat tires and empty gas tanks. Motorists use the iOS app to see, locate and connect with nearby, open and available help from its extensive and verified roadside assistance network.
Drivers can also access the service via mobile web at m.urgent.ly.
To date, the company has built a network of more than 160 roadside assistance vehicles in the Washington, DC area.
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FinSMEs
15/10/2014