Private Capital Journal: Mobile Klinik secures $6.85M Series B led by Kensington Capital Partners

Mobile Klinik, a professional smartphone and tablet repair company, has raised $6.85 million in an oversubscribed Series B funding round led by Kensington Capital Partners with participation of a group of individual investors, including Tim McGuire, former Senior Partner, global retail and consumer practice leader at McKinsey & Company, and Rob Pitfield, former Group Head, International and Chief Risk Officer, Scotiabank.

Tim McGuire has joined Mobile Klinik’s board of directors and will serve as Chairman of the board. Mike McKenna, former Director, TMT Investment Banking, Scotiabank, has joined Mobile Klinik as CFO and will also join the board.

Mobile Klinik will use the funding to accelerate its growth strategy to provide all Canadians with professional, while-you-wait, fully warrantied smartphone and tablet repair.

“Having one of the highest smartphone penetration rates in the world gives Canadians a real need for professional repair and care,” said Rob Bruce, CEO and Founding Partner. “Mobile Klinik meets that need head-on with best-in-class, on site repair from expert technicians who can fix your device while you wait. We are thrilled to be able to more rapidly expand our industry-leading value proposition to serve consumers from coast to coast.”

Mobile Klinik offers dedicated professional smartphone and tablet repair, most times in less than 60 minutes. Expert technicians offer immediate, on-site diagnosis and quote to repair a broken smartphone or tablet with premium quality parts and a lifetime warranty on parts and labour.

Mobile Klinik’s concept of while-you-wait professional smartphone repair was introduced to Canada by four Canadian wireless and retail industry leaders: Rob Bruce, former President, Rogers Communications; Ken Campbell, former CEO, WIND Mobile; and Alain Adam and Naaman Zorub, entrepreneurs who operate a number of wireless retail stores and other businesses in Ottawa and Gatineau. Mobile Klinik operates locations in major shopping malls and other high-traffic retail locations in Ontario, Quebec.

Last week, Mobile Klinik announced an acquisition of nine locations in Alberta, bringing the total number of Mobile Klinik retail outlets to 20 since the first store opened in September 2015. More locations will open soon.

About Mobile Klinik Mobile Klinik is Canada’s fastest growing professional while-you-wait smartphone and tablet repair chain with 20 stores in Ontario, Quebec and now Alberta. Visit us on Facebook or Twitter @MobileKlinik, or go to www.mobileklinik.ca.

Contact

Liz Hamilton at liz.hamilton@mobileklinik.ca / 647.282.2802