# Mobile Klinik

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobile-klinik

- Industry: Retail
- Headquarters: Toronto, Canada
- Website: www.mobileklinik.ca
- Total disclosed funding: $34M
- Latest round: Series C (May 15, 2019)
- Investors on record: 2

## About

Mobile Klinik provides specialized mobile device repair and resale services, focusing on fast and efficient solutions for smartphones and tablets, enhancing user experience with quick turnarounds and high-quality repairs.Mobile Klinik, founded in Toronto, Canada in 2015, operates as a dedicated mobile device repair and resale company. The firm has secured a total of 4 deals, with its latest funding round being a Trade Sale for CAD 165.000 mn in July 2020, when TELUS Communications Company acquired the company. The founder's background is not specified, and there are no mentions of any subsidiaries or significant pivots in business strategy.Mobile Klinik operates in the mobile device repair and resale sector, specializing in fast and efficient repair services for smartphones, tablets, and other electronic devices from leading brands such as Apple, Samsung, and Google. Their core offerings include screen repairs, battery replacements, and diagnostic services, all performed by certified technicians. The company focuses on addressing common user pain points, such as cracked screens and battery issues, aiming to restore devices to optimal functionality. Additionally, Mobile Klinik provides a range of certified pre-owned devices that undergo a rigorous 64-point inspection to ensure quality and performance, catering primarily to budget-conscious consumers seeking reliable technology solutions. Their operations extend across Canada, serving both urban and suburban markets, with over 130 locations nationwide, allowing for easy access to their services for a diverse clientele.Mobile Klinik generates revenue through direct consumer transactions for repair services and the sale of certified pre-owned devices. The transaction structure typically involves customers visiting physical locations for immediate service or purchasing devices outright. Pricing models for services vary based on the type of repair or device sold, with promotions such as CAD 0 battery replacements or discounted certified pre-owned smartphones offered under specific activation plans. For instance, when a customer activates a phone plan with a carrier partner, they may receive significant discounts on both repairs and device purchases, enhancing customer value. The company's revenue is bolstered by partnerships with carriers like Koodo and TELUS, enabling seamless service integration for users seeking to activate devices at their stores.Following its acquisition by TELUS Communications Company in July 2020, Mobile Klinik is expected to leverage newfound resources for future expansion. Although specific new products being designed or launched have not been disclosed, the company is likely to focus on enhancing its service offerings and improving customer experience. Plans include expanding into additional markets across Canada, with targeted expansion locations yet to be specified. The recent funding will be utilized to support these strategic initiatives, although specific details on utilization have not been provided.

## Funding rounds

- Series C, May 15, 2019, $28M — Canadian Business Growth Fund
- Series B, Sep 4, 2017, $6.8M — Kensington Capital Partners

## Investors

- Kensington Capital Partners — Series B
- Canadian Business Growth Fund (https://capitalatlas.ai/funds/canadian-business-growth-fund) — Series C