{"id":15796,"date":"2019-11-12T09:58:06","date_gmt":"2019-11-12T12:58:06","guid":{"rendered":"https:\/\/www.lawnstarter.com\/blog\/?p=15796"},"modified":"2024-12-15T17:30:03","modified_gmt":"2024-12-15T20:30:03","slug":"lawnstarter-raises-10-5-million-expands-services","status":"publish","type":"post","link":"https:\/\/www.lawnstarter.com\/blog\/press-release\/lawnstarter-raises-10-5-million-expands-services\/","title":{"rendered":"LawnStarter Raises $10.5 Million to Become Digital One-Stop Shop for Outdoor Home Services"},"content":{"rendered":"<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Investment coincides with the online lawn care company\u2019s expansion into a total of 120 markets<\/span><span style=\"font-weight: 400;\">&nbsp;&nbsp;<\/span><\/h2>    <p><span style=\"font-weight: 400;\">AUSTIN, TEXAS (Nov. <\/span><span style=\"font-weight: 400;\">12<\/span><span style=\"font-weight: 400;\">, 2019) \u2014 LawnStarter, an on-demand platform for outdoor services, today announced it has secured a $10.5 million growth investment led by Edison Partners, a leading growth equity investor. The new funding will enable LawnStarter to continue its growth in lawn care and add new outdoor service lines including landscaping, fertilization, pest control, and tree care.&nbsp;<\/span><\/p>    <p><span style=\"font-weight: 400;\">Austin-based LawnStarter began by creating an easy way for consumers to order, manage, and pay for lawn mowing online with services provided by a network of high-quality and insured service providers. This concept has since been welcomed in 120 U.S. markets. The company achieved 100% growth year over year and reached profitability.&nbsp;<\/span><\/p>    <p><span style=\"font-weight: 400;\">Following these achievements, LawnStarter will continue to grow its presence across the US and soon introduce new outdoor home services.&nbsp;<\/span><\/p>    <p><span style=\"font-weight: 400;\">\u201cIn the highly decentralized lawn care industry, ordering service takes days, communication is poor, and caring for your home requires hiring several different companies,\u201d said LawnStarter CEO and co-founder Steve Corcoran. \u201cWe\u2019ve brought vetted and fully insured professionals together to give consumers the best possible experience. Subscribers can schedule lawn care and other services in just a few clicks using a mobile app, giving them an effortless way to manage the full spectrum of their outdoor home needs.\u201d<\/span><\/p>    <p><span style=\"font-weight: 400;\">LawnStarter also helps lawn care professionals grow by 30% to 80% in a few months with no upfront cost. LawnStarter handles marketing, billing, scheduling and other back-office operations so that pros can focus on delivering great service. Additionally, LawnStarter\u2019s algorithms use geolocation data to help pros build route density, increasing their profitability.<\/span><\/p>    <p><span style=\"font-weight: 400;\">\u201cThe investment from Edison will help us grow and scale our platform and business so we can transform the outdoor home services industry to meet the modern needs of homeowners, and work toward making every outdoor home service as easy as clicking a button,\u201d Corcoran said.<\/span><\/p>    <p><span style=\"font-weight: 400;\">Edison Partners\u2019 enterprise solutions portfolio includes technology and SaaS companies that are disrupting home services and other fragmented industries. Daniel Herscovici, Partner at Edison Partners, led the investment. Herscovici will join LawnStarter\u2019s board of directors.<\/span><\/p>    <p><span style=\"font-weight: 400;\">\u201cLawnStarter is bringing innovation to the $99 billion lawn care service market, where services are widely distributed and the consumer experience is poorly constructed,\u201d Herscovici said. \u201cWe look forward to partnering with Steve and the management team as they capitalize on demand for new residential offerings among busy and time-pressed homeowners and accelerate the growth of their platform.\u201d<\/span><\/p>    <p><span style=\"font-weight: 400;\">Existing investor Lerer Hippeau is also participating in this new investment round, which builds on previous investments from Bull Creek Capital, Techstars, Cotter Cunningham and Gary Vaynerchuk.<\/span><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>    <figure class=\"wp-block-image aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"637\" src=\"https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo.jpg\" alt=\"LawnStarter logo on grass with ivy\" class=\"wp-image-15802\" srcset=\"https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo.jpg 960w, https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo-300x199.jpg 300w, https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo-768x510.jpg 768w, https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo-610x405.jpg 610w, https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/ivy_with_lawnstarter_logo-800x531.jpg 800w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption class=\"wp-element-caption\">LawnStarter logo on grass with ivy<\/figcaption><\/figure>    <p><b>About LawnStarter<\/b><\/p>    <p><a href=\"https:\/\/www.lawnstarter.com\"><span style=\"font-weight: 400;\">LawnStarter<\/span><\/a><span style=\"font-weight: 400;\"> is the leading online marketplace for consumers and lawn care professionals. Through its online presence and its app, the company provides instant quotes for consumers, who can schedule lawn mowing and related lawn-care services from insured professionals. LawnStarter is headquartered in Austin. For more information, visit LawnStarter.com.<\/span><\/p>    <p><b>About Edison Partners<\/b><\/p>    <p><span style=\"font-weight: 400;\">For more than 30 years, <\/span><a href=\"https:\/\/www.edisonpartners.com\/\"><span style=\"font-weight: 400;\">Edison Partners<\/span><\/a><span style=\"font-weight: 400;\"> has been helping CEOs and their executive teams grow and scale successful companies. The firm\u2019s investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $25 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.<\/span><\/p>    <p><span style=\"font-weight: 400;\">Edison\u2019s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners is based in Princeton, N.J., and manages more than $1.4 billion in assets throughout the eastern United States.<\/span><\/p>    <p><i><span style=\"font-weight: 400;\">To arrange an interview with LawnStarter co-founder Ryan Farley, email media@lawnstarter.com.<\/span><\/i><\/p>    <p><a href=\"https:\/\/www.lawnstarter.com\/blog\/press-release\/\">Previous LawnStarter.com news releases<\/a><\/p>    <p><a href=\"https:\/\/www.lawnstarter.com\/blog\/press-release\/media-kit\/\">LawnStarter media kit<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Investment coincides with the online lawn care company\u2019s expansion into a total of 120 markets&nbsp;&nbsp; AUSTIN, TEXAS (Nov. 12, 2019) [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":15824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[331,747],"tags":[],"class_list":["post-15796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawnstarter","category-press-release"],"acf":[],"featured_image_src":"https:\/\/www.lawnstarter.com\/blog\/wp-content\/uploads\/2019\/11\/rsz_app-hand-edited1.jpg?wsr","author_info":{"display_name":"LawnStarter","author_link":"https:\/\/www.lawnstarter.com\/blog\/author\/lawnstarter\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LawnStarter Raises $10.5 Million to Become Digital One-Stop Shop for Outdoor Home Services<\/title>\n<meta name=\"description\" content=\"The new growth investment from Edison Partners coincides with the 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