RepairSmith Pulls Up WIth $42M Funding For Mobile Auto Repair

Los Angeles-based mobile automotive repair startup RepairSmith, led by Joel Milne, has raised $42M in a new funding round, the company announced this morning. The Series B funding came from TI Capitl, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital. According to the company, the funding will go towards rapid expansion of its service. The company offers up mobile automotive repair and maintenance in 650 cities. The company said that, as part of the investment, Ziad Ghandour of TI Capital and John L. Steffens of Spring Mountain Capital have both joined its board.