August 18, 2016

Smartphone users in New York, Los Angeles, San Francisco, Houston, Dallas, Chicago and Atlanta are already using the CellSavers technology platform which sends highly-vetted technicians to quickly fix smartphones at the time and place of the customers’ choice. Now, new customers around the US will benefit from this on-demand repair service thanks to a successful $15 million financing round.

CellSavers – often dubbed the Uber of smartphone repairs — announced today the new capital financing round, led by Carmel Ventures, with participation of Sequoia Capital Israel. The current funding follows the company’s $3 million round in seed funding led by Sequoia Capital in December 2015.

“CellSavers’ vision is to reliably, easily, and quickly repair or replace any malfunctioning technology product. For this purpose, we have built a very sophisticated technology infrastructure, which allows a real-time matchmaking between technicians, skills, parts and consumers,” said Eyal Ronen, CEO and Co-Founder of CellSavers.

“In the near future, when any electronic device – game console, smart TV, Wi-Fi router, or any other device – will need to be fixed, a skilled technician, specifically trained for the task and equipped with all necessary replacement parts, will arrive at the location of the consumer’s choice within 60 minutes. The technician will provide a professional, warranty-backed service, complemented with full customer service,” said Ronen.

CellSavers’ platform is based on an end-to-end technological and operational solution, which enables the company to match consumers and skilled professionals in real time.  The company says its qualified and vetted local ‘Savers’ aim to reach customers within 60 minutes, regardless of their location.

CellSavers’ service is already available across the United States in 18 major metropolitan areas. The company will use the capital raised to further accelerate the growth of its platform and service.

CellSavers was founded in 2015 by the entrepreneurs Ronen and Itai Hirsch, who gained a significant track record of founding and managing global B2C companies and teams. CellSavers employs 30 development, operations, and marketing staff at two centers in California and one center in Israel.

“Eyal Ronen and Itai Hirsch are impressive entrepreneurs with creative business thinking who have demonstrated that a strong company vision combined with strict operating discipline can yield tangible results. They have built a stable business based on an existing need in the real world, and created strong foundations for a national consumer brand in the United States,” said Daniel Cohen, General Partner at Carmel Ventures, who will join the CellSavers board of directors following the investment.

“We are thrilled to be business partners with Eyal, Itai and the entire 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,” said Gili Raanan, General Partner at Sequoia Capital.

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Jason Harris

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