PE Hub: Freshly funded repair retailer Mobile Klinik buys Device Care
Mobile Klinik has acquired Device Care, a Cambridge, Ontario-based smartphone accessories and repair chain, for an disclosed amount.
Founded in 2014, Device Care provides branded and private-label accessories and repair services to customers through six locations in Ontario and Québec.
Mobile Klinik, a Toronto-based smartphone and tablet repair, care, sales and services retailer, said the acquisition both complements and enhances its Canada-wide business.
In May, Mobile Klinik raised $27.5 million in a Series C financing, bringing total funding to $44 million. The round included a minority investment from Canadian Business Growth Fund.