Spark Car Wash raised $30 million of additional growth capital through a Series B round led by GoPoint Ventures.
The investment enables the Summit-based company to further develop its expanding store base by bringing modern, membership-driven car washes to a region rich with growth potential.
Spark currently has three operating washes, four in active construction and total pipeline visibility on over 32 locations.
“Spark is dedicated to making car washing an energizing experience for everyone, from our loyal customers to our incredible team members. We achieve this through a constant commitment to quality, service, sustainability and local community building,” Kyle Van Decker, Spark’s founder and CEO, said. “We are grateful for the support from both existing and new investors and appreciate the shared passion for building Spark into a dominant leader in our markets.”
The company has raised $45 million to date.
According to David Zusman, managing partner at GoPoint Ventures, Spark uses a differentiated real estate strategy to help it determine the best locations to place its next car wash.
“The car wash industry has been ripe for innovation, especially here in the Northeast, and Spark is well-positioned to take advantage of this opportunity. We’re thrilled to partner with such a highly talented leadership team,” he said.
