Urgent.ly

Last updated
Urgent.ly
Company type Public
IndustryAuto, Automotive services, mobility services
Founded1 January 2013  OOjs UI icon edit-ltr-progressive.svg
FoundersRic Fleisher, Surendra Goel, Luke Kathol, Lokesh Kumar, Rick Robinson, and Chris Spanos
Headquarters
Vienna, Virginia
,
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]
ServicesRoadside-as-a-Service, Roadside Assistance, Mobility Assistance, Automotive Technology
Number of employees
300+
Website www.geturgently.com

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.

Contents

Mobile app

The app connects users with roadside assistance providers. Users pay the service providers directly through the app. [2] The app was added to the AT&T Drive platform in 2015. [2] [3]

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]

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References

  1. ↑ https://investors.geturgently.com/corporate-governance/executive-team
  2. 1 2 "Urgent.ly is like Uber for roadside assistance" . Retrieved 30 January 2016.
  3. ↑ "WJLA - Washington Business Report". 7 March 2015. Retrieved 30 January 2016.
  4. ↑ Goodwin, Antuan. "Urgent.ly is like Uber for roadside assistance". Roadshow.
  5. ↑ "Urgent.ly banking on lots more to come after transformative AT&T deal". www.bizjournals.com. Retrieved 2021-04-03.
  6. ↑ "Urgent.ly Scores Mercedes Deal | Trump Broke Twitter | Inside Fundrise's iPO". us2.campaign-archive.com.
  7. ↑ "CCC Launches CCC™ X Connected Data Exchange - CCC".
  8. ↑ "Tow Times Magazine".
  9. ↑ "More opportunities to earn with the Uber Visa Debit Card from GoBank". Uber Newsroom. April 3, 2018.
  10. ↑ "Virginia Startup Urgent.ly Teams Up with Uber For Roadside Assistance". www.americaninno.com. Retrieved 2021-04-03.
  11. ↑ "Urgently goes public and completes merger with Otonom". www.nasdaq.com. Retrieved 2023-10-19.
  12. ↑ "The Download: Arlington-based LiveSafe partners with Blackboard to sell campus safety software". Washington Post. 2014-04-18. Retrieved 2021-04-03.
  13. ↑ Hirschman, David (April 18, 2014). "Street Fight Daily: Facebook's 'Nearby Friends,' Twitter Debuts App Promo Suite | Street Fight". streetfightmag.com.
  14. ↑ "Talk with doctors online though Google search | DC Inno". Archived from the original on 2016-03-04. Retrieved 2016-02-23.
  15. ↑ "In The Capital Beat 10/15: Google Doctors, Urgent.ly raise, HBO standing alone". www.americaninno.com. Retrieved 2021-04-03.
  16. ↑ "DC Startup Speek Raises $5.1 Million in Series A Funding". March 3, 2014.
  17. ↑ District-based roadside assistance start-up Urgent.ly raises $1.2M from investors - The Washington Post
  18. ↑ "Urgent.ly Raises $7 Million for On-Demand Roadside Assistance - Venture Capital Dispatch - WSJ".
  19. ↑ "Urgent.ly, The Leading Global Digital Roadside Assistance Platform, Picks Up Series B Round: American Tire Distributors Joins as Strategic Investor and Partner". PRWeb.
  20. ↑ "Leading Global Automotive Brands Invest $21M in Urgent.ly's Fast Growing Mobility and Roadside Assistance Services". www.prnewswire.com.
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