Proceeds Will Help EverFence Expand into New Markets, Further Develop its Leading Tech-Enabled Platform, and Grow its Team
EverFence, an innovative digital platform connecting homeowners and contractors to simplify fencing transactions, today announced it has secured $7 million for its Series A funding round from HIPstr, the early-stage investment arm of HighPost Capital, LLC (“HighPost”), a leading private investment firm focused on the global consumer sector. EverFence intends to use the proceeds to enter attractive new markets throughout the United States, further enhance its technology platform, broaden its service offerings, such as providing financing to customers and tiered/bundling options, and expand its team.
Founded 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. 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.
According to Grand View Research, the global fencing market is experiencing a period of strong growth with total transaction value reaching $30.4 billion in 2023. The market is also projected to have a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.
“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,” said Matt Sivewright, Founder and Chief Executive Officer of EverFence. “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.”
David Moross, Chairman and Chief Executive Officer of HighPost, said, “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.”
About HIPstr
HIPstr is the early-stage investment arm of HighPost Capital, LLC, a private investment firm wholly owned by HighPost Capital focused on the global consumer sector, that invests in media, consumer, and consumer technology enablement companies where it can hold proprietary insights. Leveraging its experienced team and disciplined approach, HIPstr seeks to partner with founders and entrepreneurs to provide robust financial and strategic guidance, strong consumer industry relationships, deep marketing experience, and the ability to help optimize logistics and supply chain, among other things. For more information, please visit https://www.highpost.com/hipstr/.
About HighPost Capital
HighPost Capital, LLC (“HighPost”) is a private investment firm focused on the global consumer sector. Founded by leading private equity fund investor and chief executive, David Moross, and successful marketing innovator, Mark Bezos, HighPost seeks to leverage the respective skills, network and experience of its principals to create long-term value for its portfolio companies. HighPost seeks to identify opportunities with family-controlled and entrepreneur-led companies that share a differentiated approach to value creation. For more information, please visit https://www.highpost.com.
About EverFence
Founded in 2020, EverFence is a platform connecting homeowners and contractors to simplify fencing projects. Leveraging its fence industry experts with the best quality materials and an unmatched dedication to its clients, EverFence provides homeowners a seamless shopping experience online that include instant quotes using online technology solutions and advanced pricing algorithms. For more information, please visit https://www.everfence.com/.
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