Wrench nets $20 million, plus more top funding news for Seattle-based companies

Wrench nets $20 million, plus more top funding news for Seattle-based companiesPhoto: Shahadat Rahman/Unsplash
Hoodline
Published on November 13, 2019

Seattle-based service industry company Wrench has secured $20 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Nov. 7 and led by Vulcan Capital.

According to its Crunchbase profile, "Wrench is an online fleet management and maintenance platform that provides auto repair services. It offers mobile mechanics service for all types of cars and trucks. Wrench offers services such as alternator replacement, battery replacement, brake caliper replacement, brake pad replacement and other repairing services."

The five-year-old startup has raised three previous funding rounds, including a $12 million Series B round in 2018.

The round brings total funding raised by Seattle companies in software over the past month to $53 million, an increase of $3.1 million from the month before. The local software industry has seen 105 funding rounds over the past year, securing a total of $1.7 billion in venture funding.

In other local funding news, security and property management company Modus announced a $12 million Series A funding round on Oct. 31, led by NFX.

According to Crunchbase, "Modus provides the highest level of security, client experience, and clarity throughout the entire home closing process. Modus is a home closing technology company that works closely with both clients and agents. The company has 65 years of experience combined with revolutionary technology to bring you a seamless home closing experience"

The company also raised a seed round in 2018.

Meanwhile, professional services company Ideoclick raised $7 million in Series A funding, announced on Nov. 8. The round was financed by GLP.

From the company's Crunchbase profile, "Ideoclick builds software and tools to enable manufacturers and retailers to better control and grow the e-commerce channel."

Ideoclick last raised $250,000 in funding in 2018.

Also of note, wellness and fitness company Katalyst raised $5.6 million in Series A funding, announced on Nov. 7 and financed by Octopus Ventures.

From Crunchbase, "Katalyst is a fitness company that takes the best of exercise science and coupled it with modern smart technology. It provides a personal training experience with the benefits of a traditional 90-minute gym workout. The company was founded in pairing proven science with the latest in technology to deliver a hyper-personalized training experience focused on creating a better, more evolved you."

The company previously raised $9 million in seed funding in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.