Wrench
2015
FOUNDED
PRIVATE
STATUS
201-300
EMPLOYEES
Series C
LATEST DEAL TYPE
$20M
LATEST DEAL AMOUNT
14
INVESTORS
Description
Developer of an on-demand vehicle maintenance and repair service platform. The company's platform includes diagnostic software that can assess problems with vehicles based on owner descriptions and sends certified mechanics directly to fleet operators and consumers, enabling customers to maintain their vehicles in a simple and hassle-free way without requiring a trip to a dealership or shop.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Automotive
Other Industries
Other Services (B2C Non-Financial)
Primary Office
- 1929 3rd Avenue
- Suite 200
- Seattle, WA 98101
- United States
+1 (206) 000-0000
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Wrench Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Later Stage VC (Series C) | 07-Nov-2019 | $20M | 000.00 | Completed | Generating Revenue | |
| 3. Early Stage VC (Series B) | 30-Nov-2018 | 0000 | 000.00 | 0000 | Completed | Generating Revenue |
| 2. Early Stage VC (Series A) | 28-Mar-2017 | $4M | $5.2M | 0000 | Completed | Generating Revenue |
| 1. Seed Round | 21-Jun-2016 | $1.2M | $1.2M | 00.00 | Completed | Generating Revenue |
Wrench Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | 00,000,000 | 00.000000 | 00 | 00.0 | 00.0 | 00 | 00.0 | 00.000 |
| Series A | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Seed | 4,195,805 | $0.000100 | 6% | $0.29 | $0.29 | 1x | $0.29 | 9.08% |
Wrench Competitors (13)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ClickMechanic | Venture Capital-Backed | London, United Kingdom | 00 | 00.000 | 0000000000 0 | 00.000 |
| 00000000000000.000 | Venture Capital-Backed | Tyne and Wear, United Kingdom | 00 | 00.000 | 0000000000 0 | 00.000 |
| 0000000 | Private Equity-Backed | Richmond, VA | 00 | 0000 | 0000000 0000 | 0000 |
| 0000 | Venture Capital-Backed | Hyderabad, India | 000 | 00000000000 | 000 | |
| 000000000000 | Venture Capital-Backed | Mountain View, CA | 00 | 000.00 | 00000000000 | 000.00 |
Wrench Acquisitions (2)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 0000 (000000 00000 | 28-Sep-2019 | 000000000000000000 | Application Software | ||
| Otobots | 20-Sep-2018 | Merger/Acquisition | Automotive | 000000 00000000 |
Wrench Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Fiix (Mobile Mechanics) | Application Software | Toronto, Canada | 2015 |
| 0000000 | Automotive | Oak Brook, IL | 0000 |
Wrench Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Fission Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Marubeni | Holding Company | Minority | 000 0000 | 000000 0 | ||
| Alumni Ventures Group | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Chestnut Street Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Purple Arch Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
Wrench Executive Team (7)
1 Former Executive
You’re viewing 5 of 7 executives. Get the full list »Wrench Board Members (5)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Benjamin Boyer | Tenaya Capital | Board Member | 000 0000 | |
| Douglas Stevens | Wrench | Co-Founder, Chief Technology Officer & Board Member | 000 0000 | |
| Edward Petersen | Wrench | Co-Founder, Chief Executive Officer & Board Member | 000 0000 | |
| Scott Nagel | Self | Board Member | 000 0000 | |
| William Beaver JD | Wrench | Co-Founder, Chief Operations Officer, Executive, Legal & Board Member | 000 0000 |