EverFence, a pioneering force in the home improvement sector, has announced the successful closure of a $7 million Series A funding round led by HIPstr, the early-stage investment arm of HighPost Capital. This funding round aims to propel EverFence’s expansion into new markets, enhance its technological infrastructure, and bolster its team to meet the growing demand for innovative home improvement solutions.
Founded in 2020, EverFence has quickly established itself as a frontrunner in revolutionizing the fencing industry by offering instant quotes, faster lead times, and the broadest range of fence types available across the United States. The company’s unique approach eliminates the need for traditional contractor visits, streamlining the process and enhancing customer satisfaction.
David Moross, Chairman and CEO of HighPost Capital, expressed enthusiasm about the investment, stating, “EverFence stands out for its exceptional leadership, comprehensive product offerings, and commitment to customer service excellence. This funding underscores our confidence in their ability to transform the outdated home improvement landscape.”
EverFence, under the visionary leadership of Founder and CEO Matt Sivewright, plans to leverage the new capital to expand its service offerings beyond fencing into adjacent verticals such as deck and patio construction. Matt Sivewright commented, “Our mission is to serve as a comprehensive solution provider for homeowners’ diverse needs, delivering unparalleled service and quality. This investment from HIPstr will enable us to accelerate our growth trajectory and solidify our position as industry leaders.”
With a robust presence in Southern California, Dallas/Fort Worth, Texas, and Orlando, Florida, EverFence is poised to capitalize on the booming global fencing market, projected to reach $30.4 billion by 2023 with a compound annual growth rate (CAGR) of 5.6%.
Editorial Opinion: EverFence’s strategic approach to modernizing the home improvement sector through technology-driven solutions is commendable. By eliminating the inefficiencies of traditional processes and enhancing customer experience with innovative tools, EverFence not only meets market demands but also sets new standards for industry excellence. The expansion into additional home services and the commitment to customer-centric operations highlight EverFence’s potential to achieve significant impact and growth in the coming years.
This funding round marks a pivotal moment for EverFence as it embarks on its next phase of expansion and innovation. With HIPstr’s support and the leadership of Matt Sivewright, EverFence is well-positioned to capitalize on emerging opportunities and drive meaningful change within the home improvement landscape.
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