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§ Private Profile · Seattle, WA, USA
Wrench is a technology company.
Wrench, Inc. delivers mobile automotive repair and maintenance services, dispatching certified technicians directly to customer locations. They offer on-site diagnostics, oil changes, tire rotations, and various routine repairs. This model streamlines vehicle care by eliminating the need for traditional shop visits, prioritizing customer convenience and efficiency.
Founded in 2016 by Edward Petersen, William Beaver, and Casey Willis, Wrench emerged from the insight that conventional auto repair is inconvenient. The founders aimed to deliver essential car care on-demand, directly to customers, making vehicle maintenance accessible and less disruptive.
Wrench serves individual car owners and commercial fleets seeking professional, on-location vehicle servicing. The company aims to simplify vehicle ownership through reliable, transparent, and easily accessible automotive care. Its vision is to become the premier platform for convenient, comprehensive car maintenance, expanding its market presence.
Wrench has raised $91.2M across 5 funding rounds.
Wrench has raised $91.2M in total across 5 funding rounds.
Wrench Solutions is a Bangalore-based technology company specializing in project management software for the construction and engineering sectors. It builds SmartProject, a cloud-based, end-to-end platform that manages the full project lifecycle—including engineering, procurement, and construction—serving EPC (Engineering, Procurement, and Construction) firms worldwide to address delays and cost overruns from manual processes.[1]
The platform powers over 9,000 projects across 25 countries, with customers including major players like CH2M Habtoor Leighton, Atkins, Tata Group, ENOC, and TOYO. Originally rooted in manufacturing digitization, Wrench pivoted to energy and construction, demonstrating strong growth through international expansion in the Middle East and Asia.[1]
Wrench Solutions was founded in 1994 in Bangalore, India, by mechanical engineers Varghese Daniel and Aju Peter, fresh out of college. They identified inefficiencies in manufacturing design processes—limited at the time to basic tools like CAD and email—and built custom collaborative data processing software, securing early sales to Kennametal Widia and MICO BOSCH, plus government funding from India.[1]
In 2005, recognizing similar issues in the energy sector's manual project management leading to delays and overruns, they applied their manufacturing expertise to develop solutions for engineering and construction. This culminated in 2015 with the launch of SmartProject, the world's first integrated cloud platform for construction projects, marking a pivotal shift and fueling global adoption.[1]
Wrench rides the wave of construction digitization and Industry 4.0, where EPC projects increasingly demand cloud-native tools to combat chronic overruns—estimated at 80% of large projects globally. Timing aligns with post-pandemic infrastructure booms and AI/ML integration for predictive project management, amplified by market forces like sustainability mandates and supply chain disruptions favoring integrated platforms.[1]
By enabling firms like Tata and Atkins to scale efficiently, Wrench influences the ecosystem through widespread adoption, setting standards for cloud EPC software and accelerating digital transformation in traditionally analog industries like energy and infrastructure.[1]
Wrench is poised for expansion as global infrastructure spending surges—think green energy transitions and megaprojects in Asia/Middle East—bolstered by SmartProject's entrenched base. Upcoming trends like AI-driven risk analytics and IoT sensor integration will enhance its platform, potentially capturing more market share from legacy systems.[1]
Its influence may evolve toward full-suite enterprise solutions, solidifying Wrench as a leader in construction tech. From humble 1994 origins fixing manufacturing woes, Wrench proves timely digitization unlocks enduring scale in project-heavy sectors.[1]
Wrench has raised $91.2M across 5 funding rounds. Most recently, it raised $54.2M Debt / Other Equity in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 7, 2023 | $54.2M Debt Financing | — | — | Announced |
| Nov 1, 2019 | $20M Series C | Stuart Nagae | Alumni Ventures, Anderson Angels, Bascom Ventures, DBL Partners, Early Light Ventures, Energy Impact Partners, Family Office, G2vp, Modern Venture Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund, Qualcomm Ventures, Root Ventures, Sequoia Capital, SOSV, Spero Ventures, Tenaya Capital, The HIT Forge, Alain Hanover, Daren Cotter, David Yaffe, Jaffray Woodriff, Naveen Jain, Rudy Gadre, Madrona Venture Group, Marubeni Corporation | Announced |
| Sep 1, 2018 | $12M Series B | Tenaya Capital | Alumni Ventures, Bascom Ventures, Modern Venture Partners, Parkway VC, Rudy Gadre, Madrona Venture Group, Vulcan Capital | Announced |
| Mar 28, 2017 | $4M Series A | LEN Jordan | Ching HO Fung, Kevin Marcus, Kirby Winfield, Rudy Gadre | Announced |
| Jun 1, 2016 | $1M Seed | Rudy Gadre, LEN Jordan | Elementum Ventures, Geekdom Fund, Pioneer Square Labs, Techstars, Wisemont Capital | Announced |
Wrench has raised $91.2M in total across 5 funding rounds.
Wrench's investors include Stuart Nagae, Alumni Ventures, Anderson Angels, Bascom Ventures, DBL Partners, Early Light Ventures, Energy Impact Partners, Family Office, G2VP, Modern Venture Partners, O'Reilly AlphaTech Ventures, Parkway VC.