SAN FRANCISCO--(BUSINESS WIRE)--CellSavers, the on-demand mobile repair platform, today announced it has raised $15 million in Series A funding, led by Carmel Ventures, with participation of seed investor Sequoia Capital.
The Series A capital will be used by CellSavers to further accelerate the growth of its end-to-end technology platform, which uses proprietary algorithms to intelligently match consumers in need of smartphone and other mobile device repairs with qualified and skilled rapid-response technicians, referred to as Savers, in their local area.
The funding will also enable the continued expansion of a service that has scaled impressively since its launch in mid-2015, growing by 35% month-over-month. This fundraising round reflects investor confidence in the operational excellence of the company, which delivers profitable unit economics on every repair. CellSavers’ 5-star service is already available nationwide in major metropolitan areas including New York, Los Angeles, San Francisco, Houston and Chicago.
CellSavers provides an outstanding customer experience by ensuring that repairs are as quick and convenient as possible, minimizing the time consumers are without a working device. Qualified and vetted local Savers aim to reach customers within 60 minutes, regardless of their location, carrying out precise guaranteed repairs.
“Eyal Ronen and Itai Hirsch are impressive, disciplined, creative founders who have demonstrated that a strong company vision, coupled with strict operational discipline can yield tangible results. They’ve built a solid business based on a real-world need and created a strong foundation for a great national consumer brand,” said Carmel Ventures Partner Daniel Cohen, who is to join CellSavers' board of directors.
Eyal Ronen, CEO & Co-Founder of CellSavers, said, “It was incredibly important to us that we work with partners like Daniel Cohen who understand how to build and scale on-demand businesses. This investment is a big step towards a world where you can get any technical service for any smart device you own, right at your door and within 60 minutes.”
Gili Raanan, General Partner at Sequoia Capital, said: “We are thrilled to be business partners with Eyal, Itai and the whole CellSavers team. We continue to be extremely impressed with the rapid, healthy and sustained growth of CellSavers and with the positive unit economics the company has already achieved in few major markets."
At CellSavers, we know what a headache getting a broken smartphone fixed can be. We take the pain out of repairs by making them as quick and convenient as possible, so people can get on with living their lives. Our end-to-end technology platform uses proprietary algorithms to match customers with a local, qualified and vetted technician—a Saver—who will aim to reach them within 60 minutes and repair their device to the highest-possible standard, anytime, anywhere. All our Savers are extensively vetted, certified and monitored, and every repair comes with a warranty and guaranteed safety for phone data. CellSavers is headquartered in San Francisco, California. Our service is available in cities across the nation and expanding fast.
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