HighPost Capital’s early-stage investment arm, HIPstr, has funded EverFence’s expansion with a $7M Series A round.
This investment will enhance EverFence’s technology and grow its team, aimed at transforming the outdated home improvement process. Established in 2019 by David Moross and Mark Bezos, HighPost is known for investing in consumer sector ventures. EverFence, founded in 2020 by seasoned industry experts, offers homeowners a seamless online shopping experience for fencing and guarantees projects for contractors with full transparency on timing, pricing, materials, and profitability. The company also provides comprehensive back-office support to service providers, removing time-consuming backend logistics.
The global fencing market, valued at $30.4 billion in 2023, is projected to grow at a 5.6% CAGR from 2023 to 2032, according to Grand View Research. David Moross, Chairman and CEO of HighPost, praised EverFence’s leadership, product range, customer service, and unique lifetime guarantee. CEO Matt Sivewright stated that EverFence aims to innovate the industry and enhance customer experience.
Do you need investors for your startup?
With the new capital, EverFence plans to expand into adjacent verticals like deck and patio construction. EverFence currently operates in Southern California, Dallas/Fort Worth, Texas, and Orlando, Florida, providing instant online quotes, eliminating the need for contractor visits, and significantly improving the efficiency of the home improvement process.
To read full article / source click here
* It is a community posted article. Please read the Full Disclaimer below
Disclaimer: This post is AI-generated. Its content does not represent the views of Xstartups. Xstartups is not liable for the accuracy or implications of the content. For any concerns or copyright issue, contact us at complaint@xstartups.co.
