About WeeL
WeeL is a company based in Toronto (Canada) founded in 2015.. WeeL has raised $555.79 thousand across 1 funding round from investors including Canada Tire. WeeL operates in a competitive market with competitors including Fiix, CrashBay, GoWrench Auto, MicroMech and GlassMasters autoglass, among others.
- Headquarter Toronto, Canada
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$555.79 K (USD)
in 1 rounds
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Latest Funding Round
$555.79 K (USD), Seed
Feb 22, 2023
- Investors
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Employee Count
Employee Count
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Funding Insights of WeeL
WeeL has successfully raised a total of $555.79K through 1 strategic funding round. The most recent funding activity was a Seed round of $555.79 thousand completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $555,785
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First Round
First Round
(22 Feb 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - WeeL | Valuation | Canada Tire |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WeeL
WeeL has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Canada Tire. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Delivers comprehensive solutions for automotive tires and related services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WeeL
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WeeL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weel Comparisons
Competitors of WeeL
WeeL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fiix, CrashBay, GoWrench Auto, MicroMech and GlassMasters autoglass, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand automotive repair services are offered online.
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| domain | founded_year | HQ Location |
Automotive workshops are aggregated and connected to clients online.
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| domain | founded_year | HQ Location |
Online marketplace for on-demand car diagnosis & maintenance services
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| domain | founded_year | HQ Location |
Online platform for casino games, bonuses, promotions, and secure gambling experiences.
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| domain | founded_year | HQ Location |
Automotive glass repair services are provided in Airdrie.
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| domain | founded_year | HQ Location |
Platform providing tech tools for automotive repair professionals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about WeeL
When was WeeL founded?
WeeL was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is WeeL located?
WeeL is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is WeeL a funded company?
WeeL is a funded company, having raised a total of $555.79K across 1 funding round to date. The company's 1st funding round was a Seed of $555.79K, raised on Feb 22, 2023.
What does WeeL do?
WeeL was founded in 2015 in Toronto, Canada, as a provider of an online platform in the automotive services sector. Vehicle owners are connected with repair professionals through the system for booking and completing maintenance. Services facilitated include oil and filter changes, vehicle diagnostics, brake repairs, used vehicle inspections, seasonal tire swaps, windshield repairs, and tire storage. Operations focus on streamlining access to these automotive care options.
Who are the top competitors of WeeL?
WeeL's top competitors include Fiix, CrashBay and GlassMasters autoglass.
Who are WeeL's investors?
WeeL has 1 investor. Key investors include Canada Tire.
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