Accelerating Growth: Wrapmate Secures $16 Million Investment by JettyCove
In a significant stride towards reshaping the vehicle wraps and graphics industry, Wrapmate proudly announces a successful $16 million capital investment by JettyCove, a private equity firm renowned for its focus on software and tech-enabled companies.
Revolutionizing the Vehicle Graphics Industry
The infusion of a $16 million investment is set to fast-track Wrapmate’s product lineup, ushering in advanced customer experiences, expanding its nationwide network of over 2,000+ vehicle wrap installers, and augmenting its portfolio through successful acquisitions, with the latest addition being Wrapify.
“This investment marks a significant chapter in Wrapmate’s story and is a testament to the hard work and dedication of our team,” said Chris Loar, CEO and Founder of Wrapmate. “The support of JettyCove will allow us to amplify our presence in the vehicle graphics industry and continue building innovative solutions for our customers and network partners.”
JettyCove’s Strategic Vision
JettyCove, known for its successful collaborations with innovative tech companies, sees immense potential in Wrapmate’s distinctive approach. This strategic investment underscores a shared vision for the future of technology-driven vehicle wrap solutions, emphasizing a commitment to transformative growth in the market.
“Wrapmate has not only built the defining solution for the vehicle wrap market, but they have done so in a way that will allow them to rapidly scale profitably. Our investment will materially accelerate growth and help Wrapmate make a lasting impact in the market,” said Jamie Nissen, Managing Partner at JettyCove
Fueling Innovation and Expansion
The $16 million investment serves as a catalyst for Wrapmate’s strategic initiatives, including the expansion of its product offerings, the introduction of innovative customer experiences, and the growth of its national network of over 2,000 vehicle wrap installers.
Additionally, Wrapmate and JettyCove welcome Dan Graham, founder and former CEO of BuildASign, to the board of directors. Dan will lend his respected industry depth and strategic vision to an all-star board.
Click here to read the original press release.
For more information on Wrapmate, visit: https://wrapmate.com.
To learn more about JettyCove, visit: https://jettycove.com.
About Wrapmate
Wrapmate is a technology-driven managed marketplace that is reimagining the buy-and-sell experience in the vehicle graphics industry. With innovative customer interaction and a network of 2,000+ local installation service providers, Wrapmate efficiently serves business owners, fleet managers, franchises, and consumers coast-to-coast. Learn more about Wrapmate’s vehicle wraps solutions at https://wrapmate.com.
About JettyCove
JettyCove invests in software, data, and tech-enabled service companies with a specialization in niche verticals. They work with companies that have accomplished a lot to date with limited capital resources but are now ready to take that next big step in their growth cycle. JettyCove’s model allows them to customize the capital and operational expertise for each investment to meet the business’s fundamental needs.
