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Exclusive: Stress-Free Auto Care raises $11M to expand its modern repair shops

Mar 20, 2024
Illustration of Benjamin Franklin in a car's rear view mirror, with a dollar-symbol air freshener.

Illustration: Shoshana Gordon/Axios

Stress-Free Auto Care, a tech-enabled auto repair franchise network, raised an $11 million Series A led by Forerunner Ventures, CEO Yinon Weiss tells Axios exclusively.

Why it matters: Stress-Free claims to be disrupting the heavily paper-based auto repair industry, whose legacy players find integrating new tech challenging.

How it works: Founded in 2019, Stress-Free acquires and operates auto repair shops, retrofitting them with its tech stack.

  • Stress-Free's platform lets customers track their car's service with text, image and video updates.
  • Depending on the size, the cost to buy a shop can be in the ballpark of the low to high six figures, Weiss says.

Zoom in: The profitable company has 12 owned and operated locations in the Bay Area and Fort Worth/Dallas, with plans to expand further into Southern California and Texas.

What's next: Stress-Free has multiple shops that are under future acquisition agreements, Weiss says.

  • Stress-Free is targeting one new location a month, and it plans to double that by next year, Weiss says.
  • Weiss says he expects to raise a larger round in 2026 to support national expansion.

The bottom line: "Auto repair is an antiquated business with a very low customer satisfaction rating," Weiss says.

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