{"id":1342,"date":"2021-10-26T13:33:10","date_gmt":"2021-10-26T17:33:10","guid":{"rendered":"https:\/\/research.ncsu.edu\/win\/?p=1342"},"modified":"2023-11-27T15:10:25","modified_gmt":"2023-11-27T20:10:25","slug":"announcing-our-22-million-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/research.ncsu.edu\/win\/announcing-our-22-million-series-b-funding-round\/","title":{"rendered":"Announcing Our $22 Million Series B Funding Round"},"content":{"rendered":"

Big announcements make for invigorating days at the Spiffy office, and today is no exception. We are thrilled to announce that we have closed our $22 million Series B funding round!<\/p>\n

The latest fund raise follows our\u00a0Series A<\/a>\u00a0in June 2019 and our strategic investment from\u00a0Shell Ventures<\/a>\u00a0in March 2020.\u00a0With our Series B funding, we will be able to establish new Spiffy markets, expand our franchise program into new territories, and introduce all-new services nationwide.<\/p>\n

Thank you to our new and existing investors<\/strong><\/h3>\n

The round was led by Tribeca Venture Partners, with participation from existing investors Bull City Venture Partners, Shell Ventures, Idea Fund Partners, and Trog Hawley Capital. New investors include Goodyear Ventures, Private Access Network, Gaingels, and Flucas Ventures.<\/p>\n

It has been a pleasure to have their support as we continue to bring our brand of mobile car care and maintenance to every major city in the United States.<\/p>\n

\u201cWe started Spiffy on a path towards becoming a complete car care solution for individual customers and fleet clients. Today serves as both a humbling reminder of the progress we\u2019ve made in the last seven years and a thrilling look ahead at what we\u2019re going to achieve next, \u201d said Scot Wingo, Spiffy CEO.<\/p>\n

READ THE FULL PRESS RELEASE!<\/a><\/span><\/span><\/p>\n

Where does Spiffy go from here?<\/strong><\/h3>\n

Our biggest goals for the immediate future are focused on geographic expansion and bolstering our existing markets with new convenient services that we\u2019ve been experimenting with. Chief among them is\u00a0tire repair and replacement<\/a>, which we announced way back in January 2020! Our recent\u00a0acquisition of Pit Crew<\/a>\u00a0also positions us to bring brake repair, battery replacement, and other repair services nationwide in the months to come.<\/p>\n

As we chart the road ahead, you can rest assured that we\u2019ll continue to keep you informed about every new service via our blog and social media platforms.<\/p>\n

It\u2019s been a hard-fought 2+ years since our previous funding round, and all signs are pointing up. 2021 has continued to push us in exciting new directions, from the early success of our\u00a0franchising model<\/a>\u00a0to the Pit Crew acquisition. Our team is passionate about delivering five-star quality experiences for every customer, and we\u2019ll keep evolving to simplify car care.<\/p>\n","protected":false},"excerpt":{"rendered":"

Big announcements make for invigorating days at the Spiffy office, and today is no exception. 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