Corporates fix up $24m round for YourMechanic

Mar 2, 2016 • Robert Lavine

The on-demand auto mechanic service's latest round included SoftBank, SAIC, Verizon and American Family Insurance.

YourMechanic, the US-based provider of an on-demand car mechanic service, received $24m yesterday in a round that included a host of corporate backers.

The investors included SoftBank Capital, a corporate venturing subsidiary of telecommunications and internet group SoftBank, automotive manufacturer SAIC, Verizon Ventures, which acts as telecoms company Verizon’s corporate venturing unit, and insurance firm American Family Insurance.

Lerer Hippeau Ventures, Data Point Capital, Andreessen Horowitz, PG Ventures, Promus Ventures and Silicon Valley Bank also participated in the round.

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