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HomeFinTechRepairSmith: Raises $42M in Series B Funding

RepairSmith: Raises $42M in Series B Funding

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RepairSmith Raises $42M in Series B Funding

  • RepairSmith, a Los Angeles, CA-based technology startup offering a mobile solution for automotive repair and maintenance, raised $42m in Series B funding
  • Backers included TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital
  • The company has also appointed Ziad Ghandour of TI Capital and John L
  • The company intends to use the funds to continue rapid expansion of its service, already available in 650 cities across six states
  • The platform provides on-site repair and maintenance for car owners at their home or workplace
  • The company utilizes a team of employee technicians who undergo background checks, certification verification, skills and customer service training

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