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Treads Raises $4.6 Million To Expand Car Maintenance Accessibility And Affordability For U.S. Drivers

Nov 02, 2023•over 1 year ago

Amount Raised

$4.6 Million

Round Type

seed

Park CityFleet ManagementAutomotive

Investors

Convoi VenturesRoyal Street VenturesPeak VenturesKickstart Seed FundMucker Capital

Description

Treads, an AI-powered car maintenance subscription, announced it has raised a $4.6 million seed funding round led by Mucker Capital with participating investors including Kickstart Seed Fund, Peak Ventures, Royal Street Ventures, and Convoi Ventures. The funds will support Treads' expansion into 16 additional cities in the U.S., making Treads available in 34 cities by the end of 2023.

Company Information

Company

Treads App

Location

1090 CENTER DRIVE

Park City, Utah, United States

About

Treads is an AI-powered car management subscription designed to make car ownership more enjoyable by eliminating the hassle of car maintenance while making the roads safer for everyone. Treads has users covered for tires, alignments, oil changes, wiper blades, and even auto insurance. The company has raised a total of $4.6 million from Mucker Capital, Kickstart Seed Fund, Peak Ventures, Royal Street Ventures, and Convoi Ventures.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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