Spark Car Wash Raises $30 Million Series B to Expand Its Footprint Across the Northeast
November 15, 2023
1 minute Read
Spark Car Wash, the premier express car wash operator in New Jersey, New York, and Pennsylvania, has raised $30 million of additional growth capital through a Series B round led by GoPoint Ventures.
The investment enables Spark 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," said Kyle Van Decker, founder and CEO of Spark Car Wash. "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 Series B funding round was led by current investor GoPoint Ventures, a venture capital firm focused on real assets, energy transition and climate tech, workflow solutions, and B2B software.
"Spark's differentiated real estate strategy, large market opportunity, and operational excellence make this an exciting opportunity," said David Zusman, managing partner at GoPoint Ventures. "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."