- Slice of Real Estate
- Posts
- HighPost Capital's HIPstr Fuels EverFence's Expansion with $7M Series A
HighPost Capital's HIPstr Fuels EverFence's Expansion with $7M Series A
Slice of Real Estate Team
July 22, 2024
Key Highlights:
$7M Series A funding round by HighPost Capital's HIPstr.
Investment to enhance technology and expand team at EverFence.
EverFence aims to transform home improvement process.
Expansion into new markets and adjacent verticals like deck and patio construction.
Source (PR Newswire)
Notable Quotes:
"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."
"Our goal is to be a one-stop shop for homeowners' fencing needs. There is a critical need to innovate this industry to enhance capabilities and provide a better shopping experience and customer service to clients."
Our Take:
The $7M Series A funding round led by HighPost Capital's HIPstr marks a significant milestone for EverFence, a company poised to revolutionize the home improvement industry. With this investment, EverFence is well-positioned to enhance its technology, grow its team, and expand into new markets, addressing the growing demand in the global fencing market projected to reach $30.4 billion by 2023. The strategic backing by HighPost, known for its deep industry expertise and robust support, is likely to accelerate EverFence's growth and drive innovation in the sector. The focus on seamless online shopping and guaranteed projects is a game-changer, offering unparalleled convenience and transparency to both homeowners and contractors.