Venture Capital News Daily Venture Capital News Daily
   Your Source for Venture Capital and Private Equity Financings
   Massinvestor/VC News Daily      
   Venture Capital News Daily on RSS Venture Capital News Daily on Facebook Venture Capital News Daily on Twitter
VC Directories Mobile Apps Celebrity VCs VentureTrackr Archive About Us
 
Venture Capital News Daily
Spiffy Announces $5M Series A

       
RESEARCH TRIANGLE PARK, NC, On-demand car care, technology, and services company, today announced the closing of a $5m Series A investment led by Bull City Venture Partners.
Click here for more funding data on Spiffy
To export Spiffy funding data to PDF and Excel, click here
Get Spiffy, Inc. (Spiffy), an on-demand car care, technology, and services company, today announced the closing of a $5m Series A investment led by Bull City Venture Partners. The company also announced the expansion to Los Angeles via the acquisition of competitor Squeegy's operations.

Investment details:
Spiffy's Series A will enable the company to expand into new markets, invest in technology and explore additional services.

'We are really excited to back Scot again and look forward to helping Spiffy scale to a very large company,' said Jason Caplain, General Partner at Bull City Venture Partners. 'Spiffy is delivering a unique and unparalleled customer experience that customers love both @work and @home.'

Spiffy's Series A also included investments by West Palm Beach-based car wash operator and investor, Development 72, LLC, Durham-based IDEA Fund Partners and San Francisco-based Industry Ventures.

'As physical car wash operators, we believe the future is on-demand wash and detail. We evaluated several opportunities and decided to invest in Spiffy because of their innovative technology, green approach and focus on delivering the best customer experience possible,' said Julius Numas, CEO of Development 72, LLC.

Los Angeles Expansion:
In addition to the Series A funding, Spiffy is announcing the acquisition of ongoing operations from Squeegy. This acquisition will allow Spiffy to provide services for the over 14,000 residential and commercial relationships previously serviced by Squeegy.

'2017 is off to a great start for Spiffy. On the heels of over 150% growth from 2015 to 2016, we are hitting the ground running in 2017 with our first institutional investment and the acquisition of Squeegy's operations,' said Scot Wingo, Spiffy's CEO.

'We considered several different options for our customers and chose Spiffy because of its mix of excellent technology on the app/web front-end and operational excellence combined with an eco-friendly priority on the operations side,' said Andrew Davis, Squeegy CEO.

Spiffy has made it very convenient for Squeegy users to make the switch. Existing Squeegy users can just update their Squeegy app, log in with their existing credentials and they are ready to go. Spiffy started commercial operations in Los Angeles on 2/13 and residential will launch 2/20.

In addition to app-based scheduling, you can also schedule services through the website at www.getspiffy.com or by calling 844-438-7743.

Spiffy's vans bring their own water and equipment, which allows for a wide range of services including detail options such as the Awesome and Totally Awesome detail options. Spiffy will continue to offer waterless services (Classic and Express) for Squeegy customers who prefer that option.

About Spiffy
Spiffy (www.GetSpiffy.com) is an on-demand car cleaning, technology, and services company with the mission to redefine the car care experience everywhere. Spiffy provides an app that allows anyone to schedule a service in less than two minutes. Spiffy currently operates in Raleigh and Charlotte, North Carolina, Atlanta, Georgia and Los Angeles, California. Spiffy washes every vehicle using the Spiffy Green environmentally-friendly system that is the most eco-friendly way to clean your vehicle. Spiffy's innovative technology allows clients to schedule, track and pay for car washing and detailing services at the time and location of their choosing.
(c)2011-2017 by Massinvestor, Inc. For contact info, please check out our about page.
  >> Click here for in-depth research on 4,000 VC firms
Venture Capital News Daily
 
Massinvestor/VC News Daily
617-620-4606


© 2017 Massinvestor, Inc.