AAA Norwest parks in Zirx for $30m series B

Norwest parks in Zirx for $30m series B

US-based on-demand valet and car services provider Zirx closed a $30m series B round today that included funding from Norwest Venture Partners, the venture capital firm backed by bank Wells Fargo.

The round was led by VC firm Bessemer Venture Partner and also included Trinity Ventures. Norwest and Trinity previously combined to invest $6.4m in Zirx’s series A round in September 2014.

Founded in Spring 2014, Zirx has created an app that enables users to call on a Zirx valet at any time who can park their car in a secure nearby garage where services such as refilling the car with petrol or washing it can be provided.

San Francisco-based Zirx, which recently introduced Zirx Care, a service that offers oil changes, tire rotations and factory maintenance, also operates in Los Angeles, Seattle and Washington DC. It will use the money to roll its service across additional cities in the US.

Sean Behr, founder and chief executive of Zirx, said: “Since our inception, Zirx has pursued an aggressive growth strategy to offer the most extensive on-demand car services throughout the greatest number of markets.

“This commitment from leading investors is a reflection of our tremendous success to date and a strong signal of support for Zirx’s unique market approach and future growth opportunity.”

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