Announcing Our $30 Million Series C Funding Round

posted 15 February, 2023 by Grayson Leverenz
News, Business

We're thrilled to announce we closed our Series C financing round, raising $30 million to drive growth across the business and fuel our innovative solution for automotive dealers, Digital Servicing.

After introducing Digital Servicing in 2020 to support Dealers going mobile, we are excited to scale our investment in private label proprietary van upfit, Dealer branded app suites with iPhone and Android consumer apps, technician apps, and manager/customer service dashboards, plus best practice training.

Series C funding will allow Spiffy to expand Digital Servicing for automotive dealers with a white label technology solution to drive service department revenue and better customer retention.

“Automotive industry leaders understand the growing need to meet customers 'where they are' and Spiffy is uniquely positioned to provide software, hardware, and mobile service delivery expertise to help the industry elevate customer experience and grow revenue,” said Brodie Cobb, CEO of Presidio Group, who advised Spiffy on the round.

In addition to the focus on Digital Servicing, we will use the new funds to go deeper in each of our growth areas by launching new franchise markets, rolling out Spiffy Tires and Spiffy Brakes, and introducing medium and heavy duty fleet services across the country.
Read the full press release!

Spiffy Growth by the Numbers

We have come such a long way since our founding as a mobile car wash and detail company in 2014. We’ve delivered over 2 million mobile automotive services nationwide, at a current pace of 3,000 - 4,000 daily across our 45+ markets. To make this magic happen, we currently employ over 500 W2 technicians and ASE-certified mechanics operating 350+ vans.
New funding will be used to advance Spiffy’s newest lines of business including Spiffy Mobile Tires, Brakes and Medium and Heavy Duty Fleet services.

Thank You to our New and Existing Investors

Edison Partners led our Series C after joining us with a growth investment in March 2022. Our Series B leader, Tribeca Ventures Partners participated, along with strategic investors, Goodyear Ventures, Mann+Hummel, and Shell Ventures which first invested in March 2020. Also participating from earlier rounds were Trog Hawley Capital, Attinger, and Private Access Network, along with Bull City Venture Partners and IDEA Fund Partners that have been with us since the beginning.
The Presidio Group acted as our exclusive advisor, and helped procure automotive dealer groups as new strategic investors including Bowers Automotive Group, Qvale Auto Group and the Sewell family, among others.
Spiffy On-Demand Car Care $30M Series C new and existing investors and partners

What’s Next for Spiffy

We're incredibly excited to ramp up and roll out our refined Digital Servicing solution to help dealers elevate their customer experience and grow their revenue. We’ve been delivering convenient and eco-friendly services for almost a decade now and are well-positioned to equip dealer groups for success.
As our CEO and Co-Founder, Scot Wingo, said,

“After building my last businesses on the thesis of products going digital through eCommerce, we wanted to explore the idea of services going digital next. Spiffy is scaling faster than any of my previous start-ups because we are meeting the quickly evolving preferences of convenience-oriented customers across our fleet and consumer verticals. I’m both humbled and grateful to the existing and new investors coming along with us on this ride and plan to deliver great results in return.”

We couldn’t be prouder to be a part of the growing demand for on-demand complete car care services and the evolution of technology in the automotive industry. If you’re interested in learning more about what’s to come, click below!

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Posted in News, Business

Written by Grayson Leverenz

Grayson Leverenz is Spiffy’s Chief Marketing Officer. When she’s not spreading happiness and clean cars from coast to coast, she usually can be found playing video games with her family.