Aussie tech startup “Small Engine Repair” has raised more than $7 million in a Series B round led by investors including TechStars, according to the company’s website.
The funding round was led by CapitalG Ventures, the company says.
“Our goal is to create a small engine engine repair service where we can repair your engine with our small engine, but not too small,” the company wrote on its website.
“We are working on the next generation of engine repair for both commercial and industrial customers.”
The company’s main service areas are small, medium and large engine repairs, with “medium engine” and “large engine” engines making up the rest.
It is one of the earliest startups in Australia to offer such a service.
The startup’s website also describes it as a “revolutionary product”.
“Our engine repair products are designed to last longer, reduce maintenance costs, and are more reliable than the average automotive service,” the site states.
“In fact, our engine repair product is one that is proven to be the most reliable for your vehicle.”
The startup says its small engine replacement service is free, and it does not charge for parts or service.
“You will receive a prompt and reliable engine repair response with no out-of time delivery charges,” it states.
It says that its engine repair services are available in the US, Europe and Asia.
It also says its engine repairs are “available in a number of engine brands and configurations”.
It said that its “small engine service” offers customers “the best engine service experience in Australia”.
“We offer engine service from our team of engineers and technicians who have been working in Australia since 2004,” it said.
“With a reputation for excellence, we believe that our customers can be assured that their engine is going to be serviced by our skilled, knowledgeable team members, without compromising quality.”
The service has also been offered in Australia for “over three years”.
Mr Mather, who is a former engineer at a multinational oil and gas company, said the service offered by the startup would be a welcome addition to his garage.
“I’m very excited about the service, I like the fact that we have this small engine that’s not getting any servicing,” he said.
“I think it’s very innovative, and I think the community has got a lot of interest and a lot more people are interested in this.”
The project is the latest in a growing trend in Australia, with small companies seeking to attract venture capital funding.
In March, a small start-up called Small Engine Repair also raised $5 million in Series A funding, which is now in private hands.