The round was led by Tribeca Venture Partners, with participation from existing investors Bull City Venture Partners, Shell Ventures, Idea Fund Partners, Trog Hawley Capital, and Attinger. New investors include Goodyear Ventures, Private Access Network, Gaingels, and Flucas Ventures. The company will use its Series B funding to advance the geographic roll-out of new Spiffy markets, expand franchise territories, and introduce new service offerings including tires and repairs.
Since its launch in 2014, Spiffy has serviced over 891,000 vehicles nationwide and is currently delivering over 2,000 services daily across 36 markets. With a significant Series B investment, Spiffy plans to continue to establish itself as a premier mobile car care and maintenance provider in a United States automotive repair and maintenance services market projected to reach $250B by 2026, up over 24% from $201B in 20201. The company's geographic growth will be supported with a hybrid model that includes Spiffy-owned-and-operated locations and new franchise cities.