
Spiffy
Eco-friendly, on-demand car care solution serving B2C markets at home and work, B2B fleet markets across the US.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
investor | €0.0 Valuation: €0.0 5.7x EV/Revenue | round | |
investor | €0.0 | round | |
investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Late VC | |
Total Funding | 000k |
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 20 % | 6 % | 21 % | 69 % | 38 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Spiffy, Inc. operates as a technology-enabled, on-demand car care company, providing a comprehensive suite of mobile services for both individual consumers and large-scale fleets. Founded in 2014 by Scot Wingo and Karl Murphy in North Carolina's Research Triangle Park, the company was conceived to disrupt the traditional car care industry by leveraging digital technology for enhanced convenience. Co-founder Scot Wingo, a serial entrepreneur with a background in e-commerce technology, including founding ChannelAdvisor, provides the company's technological and strategic vision. Co-founder Karl Murphy, a military veteran with prior experience in the brick-and-mortar car wash business, leads operations and sales, translating his expertise into Spiffy's service delivery model.
The company's business model is centered around a mobile application that allows clients to schedule, pay for, and track services at their home or workplace. Spiffy's primary revenue source is derived from direct-to-consumer and business-to-business service fees. The clientele is diverse, encompassing individual car owners and major corporate fleets, including rental car companies and automotive auctions, with fleets accounting for a significant portion of the business. Since 2020, Spiffy has expanded its market reach through a franchise model, allowing entrepreneurs to operate under the Spiffy brand in new territories. This is complemented by a growth strategy that includes the acquisition of smaller competitors to establish a foothold in new markets.
Spiffy's service portfolio is extensive, covering mobile car washing, detailing, oil changes, tire sales and installation, brake services, and general preventative maintenance. For fleet clients, the company offers a specialized Fleet Management as a Service (FMaaS) platform, which manages the entire vehicle lifecycle from in-fleeting and pre-delivery inspections to de-fleeting services. A key differentiator is the company's proprietary technology and operational infrastructure. Spiffy utilizes its own W-2 trained technicians who arrive in custom-outfitted vans containing all necessary equipment, including water and power. The company also provides its technology as a white-label solution, called Digital Servicing, for automotive dealers who wish to launch their own mobile service operations. An important aspect of their operation is the Spiffy Green™ system; each service uses a reclamation mat to capture all water and cleaning solutions, which are then recycled. This process uses less than half the water of a traditional car wash, underscoring the company's commitment to environmentally conscious practices.
Keywords: mobile car care, on-demand auto service, fleet management as a service, automotive maintenance app, mobile car wash, mobile oil change, mobile tire service, mobile brake service, car detailing service, vehicle disinfection, eco-friendly car care, water reclamation, automotive service franchising, digital servicing platform, fleet maintenance solutions, vehicle lifecycle management, car care technology, Scot Wingo, Karl Murphy, Research Triangle Park startup, convenient car service, corporate fleet services, rental car fleet maintenance, automotive technology, mobile auto repair