Urgent.ly, a Vienna, VA- and San Diego, CA-based connected roadside assistance service supported by a technology platform, raised $21m in Series B funding.
Backers included InMotion Ventures, Jaguar Land Rover’s venture capital fund, BMW i Ventures and Porsche Ventures.
The company, which had already announced the raise of $10m in Series B in Oct. 2017, intends to use the funds to bring its roadside assistance services in the USA and globally.
Founded in 2013 by Chris Spanos, CEO, Urgent.ly is a full-service roadside assistance provider, taking advantage of connectivity to offer a fully integrated recovery service from first notification to repair.
The company’s tech platform geo-localizes customers and their vehicles to match, assign and dispatch the best-rated and closest providers with the right equipment. All of these steps – including ETAs, provider tracking, communications and ratings – are connected through Urgent.ly’s digital experience.
In just two years of operations in the USA, Europe and Asia, the company has 45,000 connected recovery vehicles on its platform and has signed deals with several large auto manufacturers and insurers as well as telematics and new technology transportation companies in North America, Europe and Asia.
FinSMEs
23/01/2019