TORONTO – Smartphone and tablet repair company Mobile Klinik has secured $6.85 million in Series B funding to fuel its growth strategy.
The equity investment round was led by Kensington Capital Partners and includes individual investors such as Tim McGuire, former senior partner, global retail and consumer practice leader at McKinsey & Company, and Rob Pitfield, former group head, international and chief risk officer at Scotiabank.
McGuire has also joined Mobile Klinik’s board of directors where he will serve as chairman. Mike McKenna, former director of TMT investment banking at Scotiabank, has joined Mobile Klinik as CFO and will also join the board.
“Having one of the highest smartphone penetration rates in the world gives Canadians a real need for professional repair and care,” said Mobile Klinik founding partner and CEO Rob Bruce (a former second-in-command at Rogers), in the announcement. “Mobile Klinik meets that need head-on with best-in-class, on site repair from expert technicians who can fix your device while you wait. We are thrilled to be able to more rapidly expand our industry-leading value proposition to serve consumers from coast to coast.”
The company last week acquired nine locations in Alberta, bringing the total number of retail outlets to 20 with more scheduled to open soon.
