YourMechanic Grabs $24M

What does YourMechanic do?

YourMechanic, the leading on demand auto mechanic service which is changing the way customers schedule and perform car maintenance. It is an online marketplace for the vehicle owners for finding local mechanics for the office and home car repair services. The company is building an online market place where users can fund the best local mechanics. The mechanic will come to the customer’s home or office and fix their car. This company is disrupting the car repair industry. It offers over 500 onsite services which include brakes, oil changes, belts, A/C, heating and manufacturer scheduled diagnostics, maintenance and a lot more. Customers get an upfront for the services and booking and appointment through the company’s mobile app or the website.

How much YourMechanic was funded?

The company raised $24M in Series B on March 1, 2016 from PG Ventures, Promus Ventures, Silicon Valley Bank, Verizon Ventures, American Family Insurance,  SAIC, Data Point Capital, Andreessen Horowitz,  SoftBank Capital and Lerer Hippeau Ventures.

Previous funding

Undisclosed amount on August 30, 2010 from Plug & Play Ventures

• $1.8M on September 11, 2012 from Y Combinator, Yuri Milner, Promus Ventures,  SoftTech VC,  Ashton Kutcher, Mark Friedgan, SV Angel,CrunchFund, Alexander Goldstein,  Kevin Henrikson, David Gilboa,, Justin Waldron,  LLC and The R-Group.
• $2.2M on December 1, 2013
• Undisclosed amount in undisclosed series on February 18, 2015 from Marc Bell Ventures
• Undisclosed amount in Series A on November 30, 2015 from The R-Group, LLC, SoftBank, Great Oaks Venture Capital and Andreessen Horowitz.

What is next for YourMecahnic?

The company plans to use the proceeds from the latest funding for making their highly rate service available throughout the nation and in Canada.

More about YourMechanic

YourMechanic was founded on February 1, 2011. It has its headquarters in Mountain View, CA. It connects car owners with certified mechanics who make home calls.