UK-based startup ClickMechanic, an online based marketplace for car mechanics, has announced it has closed a £795,000 funding round.
The $1m capital will enable the business to develop and grow its teams across marketing, operations and engineering whilst also funding the continued development of the ClickMechanic product to grow it further.
Andrew Jervis, ClickMechanic founder and chief executive, said: “We’re using technology to disrupt a service industry which is fundamental to all drivers but also rather archaic and ambiguous in terms of it’s pricing model.
“We’re hugely excited by the difference we can make to the industry and to consumers - this investment will allow us to achieve these innovative ambitions.”
The oversubscribed round was led by leading early stage venture capitalist studio Forward Partners, along with 500 start-ups, and a number of angel investors, including Klaus Nyengaard (former chief executive of JustEat and chairman of Treatwell).
Nic Brisbourne, founding partner at Forward Partners, said: “This fund raise underlines the significant future growth potential of ClickMechanic.”
ClickMechanic allows customers to get a free instant fixed price quote for the repair work required and also enables them to book their job with a network of pre-approved UK car workshops and mechanics. Customers can choose to have their car repaired at home or work negating the need for inconvenient trips to the garage.
> Pictured: the ClickMechanic team