About Wrench
Wrench is a company based in Seattle (United States) founded in 2016 by Doug Stevens, Casey Willis, William Beaver, Edward Petersen, and Michelle Parsons Virta. It operates as a On-Demand Services and Managed Services. Wrench has raised $77.2 million across 6 funding rounds from investors including Bridgestone, Marubeni and Madrona. The company has 26 employees as of April 07, 2024. Wrench has completed 4 acquisitions, including Fiix, Lemon Squad and Otobots. Wrench offers products and services including Mobile Auto Repair, Roadside Assistance, Fleet Management Services, and Used Vehicle Inspection. Wrench operates in a competitive market with competitors including YourMechanic, RepairPal, Yoshi, Openbay and Endurance, among others.
- Headquarter Seattle, United States
- Employees 26 as on 07 Apr, 2024
- Founders Doug Stevens, Casey Willis, William Beaver, Edward Petersen, Michelle Parsons Virta
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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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- Legal Name Wrench, Inc.
- Date of Incorporation 22 Jan, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.04 M (USD)74.98as on Mar 31, 2022
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Net Profit
$104.01 K (USD)92.36as on Mar 31, 2022
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EBITDA
$163.82 K (USD)101.67as on Mar 31, 2022
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Total Equity Funding
$77.2 M (USD)
in 6 rounds
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Latest Funding Round
$40 M (USD), Series C
Aug 07, 2023
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Investors
Bridgestone
& 7 more
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Employee Count
26
as on Apr 07, 2024
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Investments & Acquisitions
Fiix
& 3 more
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Products & Services of Wrench
Wrench offers a comprehensive portfolio of products and services, including Mobile Auto Repair, Roadside Assistance, Fleet Management Services, and Used Vehicle Inspection.
Mobile mechanics provide on-site vehicle repair services.
Emergency towing and roadside help are offered.
Auto repair solutions for fleet vehicles provided.
Pre-purchase inspections for used vehicles are conducted.
People of Wrench
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Funding Insights of Wrench
Wrench has successfully raised a total of $77.2M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in August 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.
Investors in Wrench
Wrench has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bridgestone, Marubeni and Madrona.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Investment and partnership services for entrepreneurs in finance and growth support.
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Private equity investments are backed by a single-family office firm.
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Investor details for Wrench
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Investments & Acquisitions by Wrench
Wrench has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Fiix, Lemon Squad and Otobots.
Investment portfolio details for Wrench
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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On-demand automotive repair services are offered online.
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App and online based Marketplace for car repair services
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On-demand vehicle maintenance and repairs are provided via mobile platform.
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Complete acquisition details for Wrench
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Financial Statements - Wrench
Detailed financials for Wrench
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Wrench Comparisons
Peer comparison for Wrench
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Competitors of Wrench
Wrench 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 YourMechanic, RepairPal, Yoshi, Openbay and Endurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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On-demand vehicle maintenance and repairs are provided via mobile platform.
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Auto repair estimates and vetted mechanic directories are offered online.
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Mobile vehicle inspection and maintenance solutions are provided to fleets.
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Automotive repair services are aggregated via a mobile app platform.
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Vehicle coverage plans are provided by Endurance for automotive protection.
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Detailed competitors of Wrench
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Latest news on Wrench
Complete news archive for Wrench
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Frequently Asked Questions about Wrench
Wrench was founded in 2016.
Wrench is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Edward Petersen is the current CEO of Wrench. They have also founded this company.
Wrench is a funded company, having raised a total of $77.2M across 6 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Wrench is 26.
Annual revenue of Wrench is $1.04M as on Mar 31, 2022.
Mobile auto repair and maintenance services are offered by Wrench across various U.S. cities. Vehicles are serviced at customer locations, including homes and workplaces, by certified mechanics. A wide range of solutions, from oil changes to complex repairs, are provided for individual and fleet vehicles. Emergency roadside assistance and pre-purchase vehicle inspections are also included in the offerings. The automotive sector is primarily served, focusing on convenience and contactless service delivery.
Wrench offers Mobile Auto Repair, Roadside Assistance, Fleet Management Services, and Used Vehicle Inspection.
Wrench has made 4 acquisitions, including Fiix, Lemon Squad, and Otobots.
Wrench has 8 investors. Key investors include Bridgestone, Marubeni, Madrona, Tenaya Capital, and Vulcan Capital.