About WheelPros
WheelPros is a company based in Cerritos (United States) founded in 1995 was acquired by Clearlake Capital Group in April 2018.. WheelPros has raised $11.5 million across 1 funding round from investors including Turmeric Capital, Clearlake Capital Group and Audax Group. WheelPros has completed 9 acquisitions, including American Force, Driven Lighting Group and Gorilla Automotive Products. WheelPros offers products and services including Wheels and Tires.
- Headquarter Cerritos, United States
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Email
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Phone
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Website
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Social
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- Legal Name Wheel Pros, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.5 M (USD)
in 1 rounds
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Latest Funding Round
$11.5 M (USD), Series A
Jun 30, 2015
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Investors
Turmeric Capital
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
American Force
& 8 more
- Acquired by
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Products & Services of WheelPros
WheelPros offers a comprehensive portfolio of products and services, including Wheels and Tires. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Wheels are designed and distributed for automotive and off-road applications by Wheel Pros.
Tires are offered for powersports and vehicles as part of the product lineup by Wheel Pros.
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Funding Insights of WheelPros
WheelPros has successfully raised a total of $11.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $11.5 million completed in June 2015. 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 Series A — $11.5M
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First Round
First Round
(30 Jun 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series A - WheelPros | Valuation |
investors |
| 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 WheelPros
WheelPros has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Turmeric Capital, Clearlake Capital Group and Audax Group. 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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Lower mid-market investments are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Lower and mid-market investments are managed through private equity strategies.
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Founded Year | Domain | Location | |
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Audax Group is focused on supporting middle market companies.
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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 WheelPros
WheelPros has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include American Force, Driven Lighting Group and Gorilla Automotive Products. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Internet first brand offering apparel wear for women and men
|
2011 | ||||
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Automotive products and accessories are sold online by Throtl.
|
2009 | ||||
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Automotive suspension systems and shock absorbers are manufactured and supplied.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - WheelPros
| 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 |
Wheelpros Comparisons
Competitors of WheelPros
| 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 WheelPros
When was WheelPros founded?
WheelPros was founded in 1995 and raised its 1st funding round 20 years after it was founded.
Where is WheelPros located?
WheelPros is headquartered in Cerritos, United States. It is registered at Cerritos, California, United States.
Is WheelPros a funded company?
WheelPros is a funded company, having raised a total of $11.5M across 1 funding round to date. The company's 1st funding round was a Series A of $11.5M, raised on Jun 30, 2015.
What does WheelPros do?
WheelPros was founded in 1995 in Cerritos, United States, and operates in the aftermarket automotive sector. Wheels from brands such as American Racing, KMC Wheels, ATX Wheels, Moto Metal, and Lorenzo are produced and distributed through 30 centers across the US. A network of 25,000 dealers supports operations in 30 countries. Accessories and apparel are also sold via the company website.
What products or services does WheelPros offer?
WheelPros offers Wheels and Tires.
How many acquisitions has WheelPros made?
WheelPros has made 9 acquisitions, including American Force, Driven Lighting Group, and Gorilla Automotive Products.
Who are WheelPros's investors?
WheelPros has 3 investors. Key investors include Turmeric Capital, Clearlake Capital Group, and Audax Group.