THE UK’s largest online car repair marketplace has secured £4m from investors including Shell Ventures, Sir Trevor Chinn, Active Partners and Venrex Investment Management.
WhoCanFixMyCar.com has 11,500 garages registered to the site, has processed over 1m repair requests from UK drivers and receives 60,000 new job requests every month.
It was launched in 2011 by two former investment bankers, Al Preston and Ian Griffiths, and now has offices in Newcastle, London and Kiev.
WhoCanFixMyCar.com allows drivers to post jobs and receive quotes from local garages and mechanics. Shell has invested in the business via its corporate venture capital arm, Shell Ventures, which supports both business and fund-led deals in areas of strategic interest.
This investment follows the development of the Shell Helix Service Specialist Network, a recently launched scheme which allows independent workshops on the WhoCanFixMyCar.com site to be officially associated with Shell.
Active Partners, which has stakes in household names such as Evans Cycles, Rapha, Leon and Soho House, Venrex Investment Management has previously invested in Just Eat, Not on the High Street and Revolut and Sir Trevor Chinn, who is the chairman of WhoCanFixMyCar.com.
Huibert Vigeveno, Executive Vice President for Global Commercial, Shell, said: “The aftermarket sector is changing rapidly as technology savvy customers seek products and services which are easier and more convenient to use.
“Shell wants to be at the forefront of shaping those products and services. Digital and services partnerships such as this investment in WhoCanFixMyCar.com are very much part of our future growth strategy.”