Urgent.ly secures $21m in Series B funding from automotive investors to scale its digital roadside assistance platform.
The round was backed by InMotion, BMW i Ventures, and Porsche Ventures.
≈ £16.0M at $1 = £0.7642 on 1 Feb 2019
Urgent.ly operates a connected roadside assistance platform that matches customers with recovery providers.
Urgent.ly has raised $21m in a Series B funding round backed by a consortium of automotive brands, including InMotion, BMW i Ventures, and Porsche Ventures.
The company provides a digital roadside assistance platform that algorithmically matches stranded motorists with nearby recovery providers, utilising connectivity to handle dispatch, tracking, and ratings.
Funding will support the company as it expands its footprint across global automotive and mobility markets.
From the founder
"We are truly gratified by the support of our investors, including some of the world's top global automotive brands, as we work to define the future of mobility and roadside assistance experience customers demand and deserve,"
Chris Spanos
CEO and co-founder at Urgent.ly
Investor perspective
"Established automotive manufacturers have a responsibility to develop and fund cutting-edge innovations in the mobility and travel sector. With Urgent.ly, customers will be able to receive an end-to-end digital experience for their premium vehicles. InMotion is incredibly excited to support Chris and the Urgent.ly team throughout this exciting phase of growth."
Sebastian Peck
Managing Director, InMotion
