About YourMechanic
YourMechanic is a company based in Mountain View (United States) founded in 2011 was acquired by Wrench in June 2022.. YourMechanic has raised $50.77 million across 6 funding rounds from investors including SoftBank, SVB and Verizon. YourMechanic operates in a competitive market with competitors including RepairPal, CarDash, Yoshi, Caliber and ServiceUp, among others.
- Headquarter Mountain View, United States
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Phone
*********
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Website
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Social
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- Legal Name Yourmechanic, Inc
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Funding Insights of YourMechanic
YourMechanic has successfully raised a total of $50.77M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $12.52 million completed in February 2019. 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 6
- Last Round Series B — $12.5M
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First Round
First Round
(11 Sep 2012)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series B - YourMechanic | Valuation | RBC Ventures | |
| Oct, 2018 | Amount | Series B - YourMechanic | Valuation | RBC Ventures | |
| Mar, 2016 | Amount | Series B - YourMechanic | Valuation | SoftBank Capital , Lerer Hippeau |
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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 YourMechanic
YourMechanic has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SoftBank, SVB and Verizon. 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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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in the US & the UK
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Founded Year | Domain | Location | |
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Accelerator & VC firm backed by RBC Royal Bank
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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 YourMechanic
| 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 - YourMechanic
| 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 |
Yourmechanic Comparisons
Competitors of YourMechanic
YourMechanic 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 RepairPal, CarDash, Yoshi, Caliber and ServiceUp, 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 |
Auto repair estimates and vetted mechanic directories are offered online.
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| domain | founded_year | HQ Location |
Online marketplace for car repair services
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| domain | founded_year | HQ Location |
Mobile vehicle inspection and maintenance solutions are provided to fleets.
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| domain | founded_year | HQ Location |
Auto repair, glass replacement, and fleet maintenance services are provided.
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| domain | founded_year | HQ Location |
Provider of car engine repairing and maintenance and replacement services
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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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Latest news on Yourmechanic
Frequently Asked Questions about YourMechanic
When was YourMechanic founded?
YourMechanic was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is YourMechanic located?
YourMechanic is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is YourMechanic a funded company?
YourMechanic is a funded company, having raised a total of $50.77M across 6 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Sep 11, 2012.
What does YourMechanic do?
YourMechanic was established in 2011 in Mountain View, United States, within the automotive services sector. A digital platform is employed to facilitate on-demand vehicle repairs and maintenance. Services encompassing routine oil changes, brake inspections, and more intricate engine diagnostics are dispatched to customers homes or workplaces. Operations focus on convenience, with certified mechanics handling tasks across various U.S. locations.
Who are the top competitors of YourMechanic?
Who are YourMechanic's investors?
YourMechanic has 20 investors. Key investors include SoftBank, SVB, Verizon, American Family Insurance, and Lerer Hippeau.
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