Wrench Raises $20M In Series C Funding

WrenchWrench, a Seattle, WA-based mobile vehicle maintenance and repair solution that brings dealer-quality service to consumers and fleet customers across the U.S., raised $20m In Series C funding.

The round was led by Vulcan Capital, with participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation.

The company intends to use the funds to accelerate growth, to further spread its service-area presence, hire new executive-level employees, expand mechanic service offerings and add additional mechanics in key target markets.

Led by Ed Petersen, CEO, Wrench allows users to schedule vehicle maintenance and repair service with full-time, ASE-certified mechanics who travel directly to the customer’s destination of choice. Mechanics service cars and trucks of varying makes and models. Every Wrench repair or service includes a one-year, 12,000-mile warranty and an extensive vehicle inspection with a report delivered to the customer.
To date, Wrench has provided repairs to over 100,000 vehicles.

The funding follows Wrench’s acquisition of Canada-based mobile automotive mechanic startup Fiix, which provided mechanic services to more than 80,000 customers within their North American network. The acquisition will allow Wrench to reach new customers across the United States, as well as strengthen Wrench’s fleet services business.



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