Venture Capital News: Zippity Snares $3M in Seed Funding
BOSTON, MA, Zippity recently secured an additional $3M in seed funding led by Schooner Capital.
Zippity, the company that's bringing comprehensive car care to the workplace, recently secured an additional $3M in seed funding. The round was led by Schooner Capital, which joins BP Ventures and LaunchPad Ventures, who both participated in the original seed round. Since launching in 2017, Zippity has formed partnerships with companies across New England and Texas to provide over 70,000 employees access to comprehensive repair, diagnostic, and detailing services at their workplace.
"We're gratified by the enthusiastic support we've received from customers and our corporate partners," said Chief Executive Officer, Edward Warren. "Customer growth and feedback make it clear that we're bringing a fundamentally new level of convenience to people who commute to work by car. We've created the new standard in car care and these customers aren't going to return to their old auto shops. We're excited to partner with Schooner and our other investors to ramp up our offering and bring Zippity to more workplaces."
"Zippity's model is unlike others that we've seen," said Orhan Gazelle of Schooner Capital. "Not only are they reinventing how corporate professionals are maintaining their cars, they are opening new possibilities for professional car mechanics who are interested in starting their own businesses. We're excited about the scale and potential of this approach."
Zippity partners with companies at no cost to offer employees onsite car maintenance services. Once a company signs up, employees can book and manage their services at https://www.zippitycars.com.
Maintenance services are performed inside self-contained service vehicles which allow Zippity to service vehicles year-round in all weather conditions without any impact on client sites.
Zippity's service vehicles are outfitted to perform comprehensive mechanical and detailing services, including: brake and wheel work, oil changes, full tire services, battery replacements, filter and fluids replacements, diagnostic services, interior and exterior detailing, and more.
Zippity partners with major parts distributors to ensure reliable availability of high-quality parts on-the-go for all vehicle makes and models.
Customers receive real-time updates about their service via email and SMS, review a digital Health Check report, and communicate directly with the service team to confirm services.
Zippity is the leading onsite car care provider for the workplace. Its transformative solution combines fully equipped and contained service vehicles with a seamless digital customer experience to make Zippity the premier partner for companies that wish to attract, engage, and retain employees through highly-valued and professionally delivered onsite services. Zippity is committed to delivering a transformative car care experience, driven by a focus on convenience, transparency, and world-class customer service. Since launching in 2017, Zippity has partnered with hundreds of companies to successfully deliver over 18,000 car maintenance services to employees at their workplace. For more information, please visit https://www.zippitycars.com.
About Schooner Capital:
Founded in 1971, Schooner Capital is a Boston-based private investment firm engaged in venture capital, growth equity, and public securities. Schooner's venture portfolio is primarily focused on early stage opportunities in both technology and healthcare. The firm has no outside limited partners and approaches all investments with a long-term perspective. Orhan Gazelle will join Zippity's board as Schooner's representative.
About BP Ventures:
BP Ventures identifies and invests in private, high growth, potentially game-changing technology companies, accelerating cutting-edge innovations across the entire energy spectrum. Since 2006, BP Ventures has invested over $400 million in corporate venturing and has 43 active investments in its current portfolio. BP Ventures' portfolio is primarily focused on emerging technologies in oil and gas exploration and production and downstream conversion processes. In addition, it has a renewed strategic focus on five key areas: advanced mobility, bio & low carbon products, carbon management, digital transformation and power & storage.
About Launchpad Ventures:
Launchpad is a Boston-based venture investment group focused on seed and early-stage investments in technology-oriented companies. Launchpad is the largest group of early stage investors in the Northeast and one of the top three most active groups in the United States in both deal volume and dollars invested. Launchpad invests in early stage startups in the enterprise technology, life sciences and green technology and education technology spaces. Launchpad has a broad base of active investors from a variety of backgrounds and professions, including high-technology, financial services, industry, life sciences and healthcare.
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