If your car or truck needs an oil change or tune-up and you don’t want to deal with the hassle of bringing it a shop for service, then a Seattle-based company called Wrench is willing to bring the mechanic to you, and it has just raised $20 million to expand its service and repair muscle.
Wrench’s service is currently available in about 850 cities in the U.S., including Seattle and about 27 other cities in Washington. The company, launched in Seattle in 2015, offers its customers scheduled vehicle maintenance and repair service through a network of full-time certified mechanics who will travel to the customer’s location of choice to perform the work. The service comes with a one-year, 12,000-mile warranty and a vehicle-inspection report provided to the customer.
The $20 million Wrench just raised came from a Series C funding round led by Vulcan Capital, with participation from Madrona Venture Group, Tenaya Capital and Marubeni Corp. The company had already raised some $17.2 million through three previous funding rounds between 2016 and 2018, according to the business intelligence platform Crunchbase.
“The [new] funding will accelerate Wrench's growth, allowing the company to further spread its service-area footprint to untapped markets,” the company said in a prepared statement. “Wrench also has plans to hire new executive-level employees, expand mechanic service offerings and add additional mechanics in key target markets.”
Wrench claims that, on average, its mobile-mechanic service saves customers some three hours of travel and service time ― and as much as 30% on costs compared with traditional dealer service departments. The new round of funding comes in the wake of Wrench’s acquisition of a Canada-based mobile automotive-mechanic startup called Fiix, which serves some 80,000 customers in North America.
“Busy consumers need a simple scheduling and vehicle diagnosis system to deliver repair and maintenance services without the hassle of the waiting room,” says Ed Petersen, chief executive officer of Wrench. “With full-time, trusted mechanics and world-class operations supporting both vehicle owners and the staff that serves them, Wrench has provided convenience, competitive pricing and unmatched quality repairs to over 100,000 vehicles.”