RepairSmith Raises $42 Million in Funding
Aug. 20, 2021—RepairSmith has raised a $42 million Series B funding round from investors, according to a press release.
RepairSmith said it will use this cash infusion to continue “rapid expansion of its service." The service is currently available in 650 cities across six states. Among the investors were Mercedes-Benz and Porsche Ventures.
"The independent automotive repair market has not changed in 50 years, and is ripe for massive disruption," Joel Milne, RepairSmith co-founder and CEO, said in a statement. "Since launching our service in August of 2019, RepairSmith has been delivering the most contemporary, convenient and cost-effective repair solution for the digital age by combining the ease of online booking and instant price quotes with 5-star mobile service and an unprecedented level of transparency and trust."