Daimler-Backed Repair Franchise Company Raises Series B Round
Posted on 08/25/2021
Disclosed on August 19, 2021, RepairSmith, Inc. raised US$ 42 million in Series B funding. RepairSmith is a Los Angeles-based startup focused on automotive repair and maintenance. RepairSmith raised money from TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital. RepairSmith will use this cash infusion to continue rapid expansion of its service, already available in 650 cities across six states.
RepairSmith was founded in 2018 and is run by its CEO Joel Milne. The company is backed by Daimler AG.