Get Spiffy, a US-based on-demand car care, technology, and services company, has raised $30 million to close its Series C financing round.
The on-demand vehicle maintenance startup anticipates to use the funds from the round to accelerate its growth across the business and push its Digital Servicing, a solution for automotive dealers.
Spiffy also plans to use the Series C proceeds to launch new franchise markets, Spiffy Tires and Spiffy Brakes, as well as medium and heavy-duty fleet services across the US.
The Series C round was led by Edison Partners, with participation from existing investors along with strategic investors.
The existing investors include Tribeca Venture Partners, Trog Hawley Capital, Bull City Venture Partners, Attinger, IDEA Fund Partners, and Private Access Network.
The strategic investors include Shell Ventures, Mann+Hummel, and Goodyear Ventures.
Scot Wingo — Spiffy CEO said: “After building my last businesses on the thesis of products going digital through eCommerce, we wanted to explore the idea of services going digital next.
“Spiffy is scaling faster than any of my previous start-ups because we are meeting the quickly evolving preferences of convenience-oriented customers across our fleet and consumer verticals.
Launched in 2014, Spiffy offers complete car care services including wash and detail, tires, brakes, oil change, and other car maintenance solutions, with presence in more than 45 markets.
Spiffy has delivered more than two million mobile automotive services in the US since its inception.
With more than 500 W2 technicians and ASE-certified mechanics in over 350 vans nationwide, and Spiffy is currently delivering between 3,000 and 4,000 services daily across more than 45 markets.
Spiffy is said to have reported more than 90% back-to-back years of growth.
The Presidio Group acted as exclusive advisor to Spiffy on the Series C funding round.
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.