[July 25, 2016] |
|
LawnGuru Closes $1 Million Seed Round, Moves to Ann Arbor
LawnGuru, the on-demand marketplace for lawn mowing and snow removal
services, today announced that it closed a $1 million seed funding
round, led by Sierra Wasatch Capital. Other participants included Canyon
Creek Capital, Briggs and Stratton and Sequoia Capital's (News - Alert) scout program.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20160725006157/en/
LawnGuru Team Closes $1 Million Seed Round, Moves to Ann Arbor (Photo: Business Wire)
LawnGuru will use the investment to support its national growth and
expansion while continuing the research and development of the company's
technology.
In addition to closing its seed round, LawnGuru has recently achieved a
series of exciting milestones. The company has grown its revenue by over
1100 percent since 2015. In April it moved headquarters to a new office
in downtown Ann Arbor and this summer LawnGuru will be releasing an
all-new Android (News - Alert) version of its app.
To accommodate its growth, LawnGuru is hiring several key positions,
including sales, customer service, and marketing.
"While LawnGuru has been celebrated by consumers and service providers
alike, it's the experience of its co-founders and management team that
truly separate the platform from its competition and prepares the
company for explosive growth," explained Todd Sullivan, Sierra Wasatch
Venture Partner. Co-founders, Brandon Bertrang, and Skye Durrant began
cuttings lawns together in high school. Prior to launching the LawnGuru
platform they had built a multi-million dollar lawn and landscape
business. "Our time spent in this industry has given us an exceptional
understanding of both sides of this marketplace," explains LawnGuru
Co-founder and CEO, Brandon Bertrang.
LawnGuru was actively recruited to the region by Ann Arbor SPARK after
returning from the prestigious Mountain View accelerator and venture
firm, 500 Startups. Last fall the company also won $25,000 for best new
product & service at the 2015 Accelerate Michigan Innovation Competition.
"Ann Arbor SPARK has been a tremendous resource to LawnGuru, connecting
the company with local talent, internship opportunities, and helping to
build its presence in the Ann Arbor and Detroit tech community,"
explained Bill Mayer, Ann Arbor SPARK vice president, entrepreneurial
services. "Going forward, we'll continue to provide support for
LawnGuru's talent and business development needs. It's exciting to have
this fast-growth company in the Ann Arbor region."
About LawnGuru
Ann Arbor, Mich.-based LawnGuru provides on-demand lawn care and snow
removal services, ordered through web and mobile applications. With the
click of a button, LawnGuru instantly connects consumers with the best
local outdoor service providers to take care of their lawn and snow
removal needs within hours of each request. Consumers are delighted by
the platform's simplicity, convenience and price. Service providers are
amazed with the increased revenue, speed of payment and ease of
acquiring new nearby business. For more information, visit www.LawnGuru.co.
About Ann Arbor SPARK
Ann Arbor SPARK, a non-profit organization, is advancing the region by
encouraging and supporting business acceleration, attraction and
retention. The organization identifies and meets the needs of business
at every stage, from start-ups to large organizations. Ann Arbor SPARK
collaborates with business, academic, government, and community investor
partners including the University of Michigan, Eastern Michigan
University, Washtenaw Community College, Washtenaw County, Livingston
County, the Ann Arbor/Ypsilanti SmartZone (LDFA),
Washtenaw County /Michigan Works!, the City of Ann Arbor, Bank of Ann
Arbor and the Michigan Economic Development Corporation. For more
information, please call (734) 761-9317 or visit www.AnnArborUSA.org.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160725006157/en/
[ Back To Mobile World Congress's Homepage ]
|