Puls, a US-based service provider that lets users book qualified technicians to repair smart devices, received $25m in funding yesterday from investors including consumer electronics producer Samsung.
The round was led by Red Dot Capital Partners, a venture capital subsidiary of Singaporean state-owned investment firm Temasek, and also featured Maverick Ventures, Kreos Capital, Sequoia Capital and Carmel Ventures. Samsung participated through its Samsung Next fund.
Founded in 2015, Puls has developed a platform that matches users with a qualified local technician who can repair faulty smartphones or tablets on the spot. The company claims to provide technicians within 60 minutes and offers a lifetime guarantee on repairs.
Formerly known as CellSavers, the company rebranded to Puls alongside the announcement of its latest round. It will use the capital to expand its offering to include the repair and installation of flat screens, CCTV, voice control and home automation products.
The money will also enable Puls to offer in-home demonstration, set-up, integration, support and trade-in of smart devices. The company aims to expand into new locations across the US, adding to its current coverage of 37 cities and the state of New Jersey.
Puls has now raised a total of $43m in equity funding. Carmel Ventures led a $15m series A round for the company in August 2016 that included Sequoia Capital, and which followed $3m of seed capital provided by Sequoia in late 2015.