Mobile Klinik lands $27.5 Series C round, CBGF acquires stake
Mobile Klinik, a Toronto-based professional smartphone and tablet repair chain, has raised $27.5 million in a Series C financing. The round, which brings total funding to $44 million, was led by unidentified investment funds and included a minority investment from Canadian Business Growth Fund (CBGF). Kensington Capital Partners led Mobile Klinik's $6.85 million Series B round in 2017. Launched in 2015 by Canadian wireless and retail executives Rob Bruce, Ken Campbell, Alain Adam and Naaman Zorub, Mobile Klinik operates from locations in shopping malls and other high-traffic retail locations. It will use the deal's proceeds to complete a planned roll-out of 200 Canadian stores by 2022.
15 May 2019•3 mins read
