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Urgent.ly raises $7M round funding led by Verizon, Forte and Allianz ventures

Published: October 01, 2015| McLean, VA

In recognition of its success in reinventing the $10 billion roadside assistance market, Urgent.ly has raised $7 million in Series A funding from Allianz Digital Corporate Ventures, Verizon Ventures, and Forté Ventures.  Urgent.ly will use this major infusion of capital to rapidly scale the growth and expansion of its current nationwide operations.  

Urgent.ly_Verizon_Forte_Allianz_funding_telematics

Known as the “Uber for Roadside Assistance,” Urgent.ly is the quickest, safest, and most innovative roadside assistance service in America.  Designed to take full advantage of the mobile on-demand economy and connected vehicle platforms, Urgent.ly delivers unmatched transparency allowing customers to:

Identify and connect with the nearest available, approved service provider

  • Track the service provider’s progress and ETA in realtime on their smartphone map 
  • Have the direct contact information for the service provider 
  • Get quicker response times
  • Benefit from upfront standardized pricing

Urgent.ly is also the only roadside assistance service with automatic accident detection alerts and FamilyView SM, allowing families to know instantly if their loved ones have requested help and monitor the arrival of the service provider in realtime on their phone as well.  

Urgent.ly is a cost effective alternative to traditional subscription-based auto clubs.  Over 200,000 drivers across America have found better roadside assistance service through Urgent.ly.  In addition, millions of drivers will have direct access to Urgent.ly through its current and future integrations with a broad range of mapping and connected car platforms – including AT&T Drive, Cost2Drive, Dash, DriversEd.com, MapQuest, Mojio, ParkWhiz, TollSmart, Zendrive, Zubie, and others.

Source: Urgent.Ly

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