EverFence, a digital platform connecting homeowners and contractors to simplify fencing transactions, announced it has secured $7 million for its Series A funding round from HIPstr (the early-stage investment arm of HighPost Capital, a leading private investment firm focused on the global consumer sector). EverFence plans to use the funding to enter attractive new markets throughout the US, enhance its technology platform, broaden its service offerings, such as providing financing to customers and tiered/bundling options, and expand its team.
Launched in 2020 by fence industry professionals with more than 20 years of experience, EverFence provides homeowners a differentiated and seamless online shopping experience that includes instant quotes, faster lead times, and the widest range of fence types in the U.S. And EverFence also offers guaranteed projects for contractors with full transparency on timing, pricing, materials, and profitability for the contractor, as well as full back-office support to remove the time-consuming backend of their businesses. EverFence currently serves customers in Southern California, Dallas/Fort Worth, Texas, and Orlando, Florida.
The global fencing market is experiencing a period of strong growth with total transaction value reaching $30.4 billion in 2023 (Grand View Research).
KEY QUOTES:
“Our goal at EverFence is to be a one-stop-shop for homeowners fencing needs. As the U.S. fencing market experiences positive momentum, there will be a need to continue to innovate and expand as companies are able to enhance their capabilities to provide a better shopping experience and customer service to clients. Using this new capital, we see the potential to expand our home services offerings into adjacent verticals like deck and patio construction. We are thrilled to be working with the HIPstr team, who share in our mission and who will bring significant resources and strategic guidance as we seek to scale our business.”
– Matt Sivewright, Founder and Chief Executive Officer of EverFence
“We created HIPstr to partner with leading early-stage consumer and consumer technology enablement companies and founders. Utilizing a disciplined, private equity-style approach to earlier stage investing and leveraging the team’s deep experience and network allows us to add value to our partners’ strategy, execution, and ability to scale. We are excited to make this investment in EverFence, a company with strong leadership, a wide range of product offerings, best-in-class customer service, and the only fence company to offer a lifetime guarantee. We look forward to working alongside Matt, a true entrepreneur with a clear vision and deep expertise who can disrupt the fencing industry, and his team as the business continues to grow.”
– David Moross, Chairman and Chief Executive Officer of HighPost
