- March 30, 2017
- Posted by:
- Category: FundingSMEs.com
Wrench has raised $4 million in Series A funding led by Madrona Venture Group.
Founded in 2015, Wrench gives users an option to book tuneups and a good range of repairs, a la carte. But it is also rolling out a subscription for regular upkeep. For certain jobs, like transmission work or rim repair, Wrench refers drivers to a network of partners, rather than attempt to do that heavier work “in your driveway.”
Given the new funding, Wrench will aim to further saturate the major markets where it has rolled out its service already: Seattle, San Diego, Portland and Phoenix. It also wants to expand into a few new markets in the West but isn’t making a “land grab.
|Founder / CEO||Ed Petersen|
|Investors||Madrona Venture Group|
|Previous Investors||Rudy Gadre|
|Madrona Venture Group|