RALEIGH, NC – August 10, 2015 – Pack Purchase PackPurchase.com is emerging from ‘stealth mode’ by announcing the initial $1M closing of its $1.5M Series Seed funding round to revolutionize the home services industry. The round is led by IDEA Fund Partners of Durham, NC and newcomer Cofounders Capital, based in Cary, NC.
Pack Purchase is a simple solution to a complex problem when it comes to routine home maintenance. Through their website, users can see customized pricing instantly for landscaping, pest control, and exterior cleaning services. Customers enjoy a centralized platform for the scheduling, payment, and communication related to all of their services. The company provides a 100% guarantee of all work performed and doesn’t lock customers into contracts.
Leveraging their technology and relationships with handpicked local service providers, Pack Purchase enables customers to avoid the typical, and often painful, process of hiring these services. Instead of homeowners researching providers and collecting quotes, Pack Purchase inputs public real estate data into its various pricing algorithms. Instead of customers tracking and paying dozens of invoices throughout the year, Pack Purchase provides a digital portal for customers to view all work that has been completed at their home, how much they paid for it, and any notes the crews took on site.
Pack Purchase was previously working within select areas of the Raleigh/Durham market in North Carolina on a pilot program basis, honing the company’s delivery model and building out its technical infrastructure. With this investment, Pack Purchase plans to saturate its existing market and expand into new markets in the coming months.
David Gardner, angel investor and founder of Cofounder’s Capital, believes in the model, stating “Organizing and managing all of your home maintenance services is a real headache today.” Co-investor and managing partner of Idea Fund Partners, Lister Delgado, agrees, “Getting quotes, vetting providers and comparing pricing is time consuming and it’s difficult to hold vendors accountable for their work. These guys are changing all of that by providing a simple free website where homeowners can just click on what they want and Pack Purchase takes care of everything…centralized service, better pricing and more convenient.”
Follow information about Pack Purchase, learn more about the platform, or get prices for services at your home at PackPurchase.com
Pack Purchase is a revolutionary approach to simplify home management in the fields of landscaping, pest control, and exterior cleaning. Leveraging their technology and relationships with handpicked local contractors, Pack Purchase allows users to easily manage all aspects of routine home maintenance. Customers enjoy a centralized platform to get customized pricing, order services, manage billing, and view service records at their home. Pack Purchase is headquartered in Raleigh, NC. For more information on Pack Purchase, please visit www.packpurchase.com.
IDEA Fund Partners is one of the most active seed and early stage venture investors in NC and throughout the Southeast. IDEA Fund Partners typically provides the first institutional money for the companies in which they invest. IDEA Fund Partners likes to make small initial investments and set aside plenty of follow-on capital for future rounds. IDEA Fund Partners is led by an experienced duo of Managing Partners that have invested together for over a decade. The team features a deep and experienced group of Venture and Operating Partners, each of whom has more than 20 years of operational experience and has served as the CEO of a venture-backed startup company. Together, they have helped guide companies to exits well in excess of $1 billion.
Cofounders Capital is an early stage seed fund focused on software ventures in the Triangle. Created in 2015, Cofounders partnered with the Town of Cary to provide free lab space to entrepreneurs who receive expert help modeling and vetting their startup ideas. They help with prototyping, vetting and lining up beta customers. The most promising of these ventures are then funded through Cofounders Capital’s seed fund. Cofounders Capital is managed by serially successful entrepreneur, David Gardner, with a team of over seventy advisers and volunteer mentors who are all investors in the fund, eager to support entrepreneurship in the Triangle and to help their portfolio companies and entrepreneurs succeed.
