WhoCanFixMyCar.com won investment from growth capital firm Active Private Equity.
The digital marketplace for car servicing and repairs has grown 10-fold in the past 18 months and more than 118,000 customers have now used WhoCanFixMyCar.com, choosing from a growing list of over 6,600 garages nationwide.
Also investing an undisclosed sum in the team is industry veteran Sir Trevor Chinn, former chairman of the AA, Kwik-Fit and the RAC, and currently senior advisor to CVC Capital Partners.
WhoCanFixMyCar.com was founded by Ian Griffiths and Alistair Preston.
Alistair Preston, co-founder of WhoCanFixMyCar.com said: “This investment will allow us to consolidate our market-leading position and focus on growing our core audience on both sides of the marketplace.”
Through WhoCanFixMyCar.com, drivers specify a service or repair on their vehicle and receive detailed estimates for the work required from locally-registered garages. The user can then select a garage based on location, price, availability or feedback from previous customers. As well as offering transparency to drivers, WhoCanFixMyCar.com also provides garages with incremental business, via a no-win-no-fee marketing channel.
Active, founded by Gavyn Davies, Spencer Skinner and Nick Evans, has a track record of investing in the consumer, leisure and retail space, including café chain Leon and takeaway service Deliverance.
Last year they raised a new fund backed by a small team of long-term committed partners including Sir Charles Dunstone, founder of Carphone Warehouse and chairman of Talk-Talk.
Skinner, who will join the board, said: “We’ve been extremely impressed by how much Al and Ian have achieved to date, and the demand they’re seeing from car owners and garages.
“We think there’s a great deal that this innovative company can bring to the automotive market – which has seen relatively little digital innovation outside of car sales - and we’re delighted to be making this investment.
“We look forward to bringing our experience of partnering with entrepreneurs to take companies to the next phase of their growth.”