How Much Did NuBrakes Raise?
Funding & Key Investors

NuBrakes, a disruptive force in the automotive maintenance sector, has successfully secured a total capital infusion of $9.7M. This latest financial milestone, marked by a $9M strategic investment, underscores the company's rapid ascent in the mobile auto repair market. By prioritizing operational efficiency and customer-centric service delivery, NuBrakes has effectively positioned itself as a primary alternative to traditional brick-and-mortar repair facilities, attracting significant interest from institutional backers looking to capitalize on the shift toward on-demand vehicle maintenance.

What is NuBrakes?

NuBrakes
Consumer ServicesAutomotive Service & Collision Repair

NuBrakes operates as a mobile-first automotive repair platform, specializing in essential maintenance tasks such as brake services, oil changes, and general vehicle upkeep. By deploying certified mechanics directly to the client's location—whether at home or the office—the company eliminates the friction associated with traditional repair shop visits. This model addresses a critical pain point for time-constrained consumers and fleet operators alike, leveraging a scalable logistics framework to provide high-quality, transparent, and cost-effective automotive care. The company's commitment to premium parts and rigorous service standards has solidified its reputation as a reliable partner in the evolving mobility ecosystem.

How much funding has NuBrakes raised?

NuBrakes has raised a total of $9.7M across 2 funding rounds:

2019

Angel/Seed

$720K

2021

Series A

$9M

Angel/Seed (2019): $720K, investors not publicly disclosed

Series A (2021): $9M led by Canvas Ventures, Bling Capital, Contrary Capital, and Automotive Ventures

Key Investors in NuBrakes

Canvas Ventures

Canvas Ventures is a boutique firm for visionary builders that leads Series A investments in transformative companies across sectors like fintech, digital health, and logistics.

Bling Capital

Bling Capital is an early-stage venture fund that assists entrepreneurs in achieving product-market fit and scaling effectively through its extensive Product Council.

Contrary Capital

Contrary is a venture fund backed by industry leaders that supports top early-career talent and invests in the companies they build.

What's next for NuBrakes?

With the recent injection of capital, NuBrakes is well-positioned to accelerate its geographic expansion and enhance its proprietary service technology. The company is expected to focus on deepening its market penetration in key urban centers while optimizing its dispatch and logistics algorithms to improve technician utilization rates. As the automotive industry continues to embrace digital-first service models, NuBrakes is poised to scale its operations, potentially integrating more advanced diagnostic tools and expanding its service menu to capture a larger share of the vehicle maintenance lifecycle. The strategic backing from top-tier venture firms provides the necessary runway to sustain this growth trajectory and maintain a competitive edge in the on-demand automotive services landscape.

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Frequently Asked Questions Regarding NuBrakes Financial Insights

What are the most recent funding rounds that NuBrakes has completed, and what were the funding rounds?
NuBrakes has recently completed 2 funding rounds: Series A on Dec 1, 2021, Angel/Seed on Jul 7, 2019.
What is the total amount of funding NuBrakes has raised to date?
NuBrakes has raised a total of $9.7M in funding to date.
How many funding rounds has NuBrakes completed?
NuBrakes has completed 2 funding rounds.
How much funding did NuBrakes raise in its most recent funding round?
NuBrakes raised $9M in its most recent funding round.
Who are the lead investors in NuBrakes's latest funding round?
The lead investor in NuBrakes's latest funding round was Canvas Ventures. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in NuBrakes's history?
The largest funding round in NuBrakes's history was $9M.
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