Mar 16, 2022
Get Spiffy, Inc. (SpiffyⓇ), an on-demand car care, technology, and services company, today announced it has raised $10 million from Edison Partners, a growth equity firm that focuses on technology-enabled solutions in fintech, healthcare I.T., and enterprise software. This latest investment extends their recent $22 million Series B funding round.
Since 2014, Spiffy has grown from a mobile car wash and detail startup in North Carolina's Research Triangle Park to a nationally-recognized brand for on-demand maintenance and vehicle care. Their mobile model ensures a convenient, frictionless experience with direct-to-customer automotive services for both fleets and individuals across the country.
Expertly-trained W2 technicians arrive for each appointment in an upfitted blue van, complete with the water, power, and supplies needed to get every job done. Each service relies on 50% less water than a traditional car wash and uses eco-friendly chemicals, with used water and oil being reclaimed and recycled upon completion.
"Spiffy has grown into a formidable leader within the mobile car care industry - making it easier for both consumer and fleet clientele to save time with truly convenient services, something we have seen gain exponential value coming out of the pandemic," said Lenard Marcus, General Partner at Edison Partners. "We've enjoyed watching their team consistently rise to overcome new challenges for their customers and look forward to supporting their continued growth in the months and years ahead."
The capital infusion helps Spiffy continue its geographic expansion plans throughout the top 50 U.S. metropolitan statistical areas. The company will also continue to broaden its service offerings for customers and fleet clients in existing markets. That includes the recent announcement of Smart Tumbler, a device that offers fleet managers a safe, reliable solution for odor removal of organic materials, smoke molecules, and bacteria. Another immediate area of growth for Spiffy will be recruitment and retention of employees within their Durham, NC headquarters and throughout their 30+ markets nationwide.
"I've been quoted a lot over the last few years saying vehicles are going to change more in the next 10 years than they have in the last 110, and we are really seeing those drastic shifts now throughout the automotive industry. Our team operates at the intersection of a direct customer experience and aiding larger fleets in need of clean, odor-free, and well-maintained vehicles. Both segments need a trustworthy solution, and that's where Spiffy comes in," said Scot Wingo, Spiffy CEO. "With this investment from Edison Partners rounding out our recent Series B, we're poised to expand our vision for the next level of scale."
If you're interested in learning more about Spiffy or joining the team, visit getspiffy.com today.
