The car servicing and repair industry is worth 22bn and WhoCanFixMyCar.com is out to make its mark on the sector supporting both businesses and consumers.
In a similar way that services like Confused.com and GoCompare provide insurance quotes, WhoCanFixMyCar.com is a digital marketplace that aggregates repair costs from garages. This provides transparent options for consumers, while local garages can stand out from the competition and rank highly if they deliver great pricing and customer service.
The firm has grown tenfold in the past 18 months to more than 118,000 customers and 6,600 garages nationwide. Further growth will be on the road ahead with its funding round from Active Private Equity and Trevor Chinn.
Active’s latest fund has the backing of Carphone Warehouse founder Charles Dunstone and it is accomplished in the consumer, leisure and retail space with investments inHonest Burgers and Leon, with Soho House and Evans Cycles among previous deals.
Meanwhile, Trevor Chinn, the former chairman of the AA, Kwik-Fit and the RAC, is now a senior adviser to CVC Capital Partners.
As such, WhoCanFixMyCar.com will be provided with valuable insights alongside the capital, which will support the firm’s journey to further growth.
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“We are delighted to be partnering with such a strong investment team made up of proven entrepreneurs. This investment will allow us to consolidate our market-leading position and focus on growing our core audience on both sides of the marketplace,” said Alistair Preston, co-founder of WhoCanFixMyCar.com.
The company runs on a no-win no-fee basis, but the top five garages on the platform have collectively secured more than 1,000 new customers, which demonstrates the potency of the marketplace model. In the coming months, WhoCanFixMyCar.com will look to develop its range of services for both drivers and garages across the country.
WhoCanFixMyCar.com’s latest push follows on from Real Business recognising its potential back in March, at which time the firm was named in the Everline Future 50 2015 list of disruptive companies.
Spencer Skinner from Active Private Equity will join the board as part of the deal, and noted that the team has been impressed by the demand WhoCanFixMyCar.com is experiencing.
We think theres 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 were delighted to be making this investment,” he said.
“We look forward to bringing our experience of partnering with entrepreneurs to take companies to the next phase of their growth.