Vehicle Wrap Company Wrapmate Raises $16 Million From JettyCove

By Dan Anderson ● Feb 9, 2024

Wrapmate has announced a successful capital investment by JettyCove, a private equity firm focused on software and tech-enabled companies. This $16 million investment will accelerate Wrapmate’s product offerings by introducing progressive customer experiences, growing its national network of 2,000+ vehicle wrap installers, and expanding its portfolio companies through additional successful acquisitions (most recently, Wrapify).

JettyCove invests in niche capital-efficient technology companies and beyond investing, they serve as value-added operational partners. And this growth investment will allow Wrapmate to extend its lead as the go-to provider for individual, business, and commercial-grade vehicle wraps.

Plus, Wrapmate and JettyCove welcome Dan Graham, founder and former CEO of BuildASign, to the board of directors. Graham will lend his respected industry depth and strategic vision to an all-star board.

KEY QUOTES:

“This investment marks a significant chapter in Wrapmate’s story and is a testament to the hard work and dedication of our team. 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.”

– Chris Loar, CEO and Founder of Wrapmate

“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.”

– Jamie Nissen, Managing Partner at JettyCove