Urgent.ly
Roadside assistance technology company
From Wikipedia, the free encyclopedia
Urgent.ly is a roadside assistance and mobility assistance technology company that was founded in May 2013 and is based in Vienna, Virginia. It operates in North America, Europe, Asia, and Australia.
| Company type | Public |
|---|---|
| Industry | Auto, Automotive services, mobility services |
| Founded | 1 January 2013  |
| Founders | Ric Fleisher, Surendra Goel, Luke Kathol, Lokesh Kumar, Rick Robinson, and Chris Spanos |
| Headquarters | , United States |
Areas served | North America, Europe, Asia, Australia |
Key people | Matt Booth (CEO and President), Gabe Huerta (Chief Product Officer), Annie Flippo (Chief Data Officer), Tim Huffmyer (Chief Financial Officer) [1] |
| Services | Roadside-as-a-Service, Roadside Assistance, Mobility Assistance, Automotive Technology |
Number of employees | 300+ |
| Website | www |
Mobile app
History
Urgent.ly was founded in May 2013 and launched its service in April 2014, initially servicing Washington, DC and the surrounding areas.[4] Later that year, the service expanded nationwide across the United States and Puerto Rico.
In March 2015, the app was chosen to be added to the AT&T Drive platform for connected cars.[5] In February 2017, Washington, DC–based media company DC Inno reported Urgent.ly's partnership with carmaker Mercedes-Benz.[6]
On December 6, 2017, CCC Information Services, Inc. announced Urgent.ly as an addition to the CCC Network.[7]
On January 23, 2018, Urgent.ly announced integration with Towbook, a provider of cloud-based towing software for roadside assistance companies.[8]
On April 3, 2018, Uber announced Urgent.ly as a partner on the Uber-branded Visa Debit Card for Uber drivers. Urgent.ly roadside assistance is available to all Uber drivers for a monthly fee, and cardholders receive a discount. [9] [10]
On October 19, 2023, Urgent.ly announces the successful closing of the merger with Otonomo Technologies and effectiveness of S-1 registration statement and starts the public trading under the ticker symbol ULY under NASDAQ. [11]
Funding
In April 2014, CIT Gap Funds and Blu Venture invested $525,000 in seed funding into Urgent.ly.[12][13][14]
In October 2014, Select Venture Partners invested $1.2 million in pre-Series A funding with contributions from CIT Gap Funds and Blu Venture.[15][16][17]
In September 2015, Allianz Digital Corporate Ventures, Verizon Ventures, and Forte Ventures invested in a $7 million Series A round.[18]
In October 2017, American Tire Distributors, Verizon Ventures, and Forté Ventures invested $10 million in the Series B round.[19]
In January 2019, Urgent.ly announced it had raised $21 million in new Series B funding with participation from BMW i Ventures; InMotion Ventures, Jaguar Land Rover's venture capital fund; and Porsche Ventures, with support from current investors.[20]
