Wrench
Facts
- HQ
- Seattle
- Sectors
- Automotive, On-demand services, Field services
- Stage
- startup
- Total raised
- $58.1M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $14.3M · Jul 2023 SEC Form D
Seattle Mobile Car Repair Startup Wrench Raises $54.2M Including $40M Debt Amid Rising Repair Costs
Seattle-based mobile car repair startup Wrench has raised $54.2 million in new funding, including $40 million in debt and $14.2 million in equity, according to SEC filings. The company offers nationwide mobile mechanic services backed by Bridgestone and venture capital firms.
Onder Startup Led by Ex-Expedia Director David Krieger Offers Biannual Home Maintenance Checkups
Onder, a Seattle startup led by former Expedia director David Krieger, offers homeowners twice-yearly home maintenance inspections and a digital platform to identify and manage upkeep tasks. The 8-person company provides routine checkups akin to vehicle oil changes, aiming to prevent and address maintenance issues before they escalate.
Bridgestone leads investment in Wrench, to integrate mobile mechanic platform with 2,200+ Bridgestone Americas stores
Bridgestone led a new investment round in Seattle-based mobile car service Wrench and will partner to integrate Wrench’s mobile mechanics platform with Bridgestone Americas’ network of over 2,200 service stores. Wrench, which operates in 40 metro areas with about 285 employees and has grown through acquisitions like Lemon Squad, Fiix and Octobots, declined to disclose the amount raised.
SBA Reveals Seattle Tech Startups Received Millions in PPP Loans Including ExtraHop’s $10M and Rover’s $8.1M
The Small Business Administration released detailed data on Paycheck Protection Program loans, revealing Seattle-area tech startups like ExtraHop and Rover received between $5.4 million and $10 million to support payroll during the COVID-19 crisis. The PPP distributed $525 billion across over 5 million loans before ending in August amid issues with loan forgiveness and fraud.
Wrench acquires Lemon Squad, adds 2,800 inspectors and names Andy Dabbs GM of inspections
Seattle-based mobile car-repair startup Wrench has acquired Minnesota-based vehicle inspection company Lemon Squad, integrating its 2,800 inspectors and bringing Lemon Squad CEO Andy Dabbs on as Wrench’s general manager of inspections. The deal lets Wrench offer on-site, pre-purchase inspections scheduled through its mobile app, expanding services as demand for contactless auto care grows during the pandemic.
Wrench reports 300% YOY fleet repair revenue growth, partners with Tirescanner for nationwide mobile tire installs
Seattle-based mobile auto repair startup Wrench reports a 300% year-over-year revenue increase in fleet vehicle repairs during the COVID-19 pandemic and says demand from delivery fleets has driven growth; the company also announced a partnership with Tirescanner to offer nationwide mobile tire installation. Wrench, which raised $20 million in November, employs mobile mechanics who perform contactless repairs at customer locations and expects pandemic-driven convenience habits to persist.
DigniFi raises $14M Series A led by BuildGroup and Exor Seeds, Neuberger Berman to provide up to $275M
DigniFi, a Kirkland-based platform that helps drivers finance auto repairs through partner service centers, raised $14 million in Series A led by BuildGroup and Exor Seeds and secured up to $275 million in additional financing from Neuberger Berman to expand its network amid pandemic-driven demand.
Wrench Launches Maintenance Membership and Expands to Phoenix, Plans Third Market in January
Seattle-based car repair startup Wrench has launched a maintenance membership program and expanded to Phoenix, planning a third market expansion in January. The membership offers regular on-site services for $14.95 to $19.95 per month, aiming to simplify car maintenance without dealer visits.
People
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Kevin Urie SVP of Business Marketing, Sales, Service Operations, & Head of AI Strategy & Innovation
