US-based mobile vehicle maintenance services provider Wrench yesterday raised $20m in a series C round that included diversified trading group Marubeni and was led by Vulcan Capital.
Madrona Venture Group and Tenaya Capital also supported the series C round.
Wrench provides on-demand mobile mechanic services to individual customers and fleet operators across the US, offering a full range of maintenance and repairs for all types of cars and trucks.
The series C round has been allocated to accelerated growth and executive-level recruitment. The company also plans to expand its mechanic service offerings and hire additional mechanics in key target markets.
Tenaya Capital previously led a $12m series B round, with participation from Vulcan Capital and Madrona Venture Group, in October 2018. The latter had already led a $4m series A round in 2017 and, together with private investor Rudy Gadre, co-led a $1.2m seed round in 2016.
