# RepairSmith

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/repairsmith

- Industry: Retail
- Headquarters: El Segundo, US
- Website: www.repairsmith.com
- Total disclosed funding: $42M
- Latest round: Series B (Aug 19, 2021)
- Investors on record: 3

## About

Founded in 2018, RepairSmith, Inc. is a California-based company that specializes in mobile automotive repair services, providing convenience and efficiency by bringing repair solutions directly to customers at their homes or workplaces.RepairSmith, Inc. operates as a mobile automotive repair service, founded in El Segundo, California. The company has received funding through two significant deals, with the most recent being a TRADE SALE of USD 190.00 mn on December 12, 2022, where AutoNation, Inc. acquired the company. Joel Milne serves as the CEO. The acquisition is expected to close in Q1 2023, enhancing AutoNation's after-sales business with an additional service channel.RepairSmith, Inc. provides mobile automotive repair and maintenance services, including battery replacements, brake pad changes, oil changes, and spark plug replacements. Certified technicians perform these services at the customer's location, addressing the logistical challenges of traditional auto repair. The company serves urban areas across the United States, targeting cities like Los Angeles, San Diego, and Las Vegas, catering to individual vehicle owners who prioritize convenience.RepairSmith, Inc. generates revenue through direct-to-consumer transactions for its automotive repair services. Customers engage via an online platform for transparent estimates, appointment bookings, and direct communication with specialists. Revenue stems from specific service requests, ensuring a predictable income flow. Each service is priced based on the type and complexity of the repair, promoting repeat business by appealing to consumers' immediate needs.Following the recent acquisition by AutoNation, Inc. for USD 190.00 mn, RepairSmith, Inc. plans to expand its service offerings and geographic presence. The acquisition is set to close in Q1 2023, allowing the company to leverage AutoNation's resources for growth. RepairSmith aims to introduce new automotive services over the next year and expand into additional metropolitan regions, enhancing its ability to meet consumer demands effectively.

## Funding rounds

- Series B, Aug 19, 2021, $42M — TI Capital, Spring Mountain Capital, Porsche Ventures

## Investors

- TI Capital — Series B
- Spring Mountain Capital (https://capitalatlas.ai/funds/spring-mountain-capital) — Series B
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series B