Canopy Closes $1.5M Seed Round; Announces Full Rebrand from Pack Purchase

News provided by

Sep 09, 2015, 12:02 ET

RALEIGH, N.C., Sept. 9, 2015 /PRNewswire/ -- Canopy (www.trycanopy.com), formerly Pack Purchase, announces the closing of a $1.5M seed round led by IDEA Fund Partners and Cofounder's Capital, with participation from home improvement company Lowe's and New York City-based Great Oaks Venture Capital. Canopy is a rapidly growing startup focused on simplifying home maintenance services.

In addition to the funding announcement, the company is announcing its rebranding from Pack Purchase to Canopy to better reflect its commitment to the consolidation and ease of its comprehensive home maintenance solution.

Canopy is a centralized platform for consumers to manage all aspects of home maintenance, allowing homeowners to instantly get quotes, schedule services, talk to exceptional customer service representatives, and view service history using a single login. Canopy handpicks premier local service providers to ensure its users receive superior service across multiple home maintenance categories including lawn care, pest control, and pressure washing without the hassle of managing multiple providers.

Canopy is currently operating in the Raleigh, Durham, and Chapel Hill areas, and will be using this recent infusion of capital to expand its services to Charlotte, Atlanta and other markets to be announced in the coming months.

The $1.5M seed round includes a strategic investment from the venture capital arm of Lowe's Companies, Inc., and Great Oaks Venture Capital, a top early stage venture firm based in New York City. Each of these investors brings a wealth of knowledge in marketplace-focused models and a strong track record of success.

Canopy, coinciding with the re-brand, is excited to launch its new customer-facing website and back-end service platform, both available online at www.trycanopy.com. Additionally, Canopy is launching a blog for users to learn more about home services, which is available from the company's homepage.

Customers can find out more information and get a customized quote for all services available in their area, in just seconds, online at www.trycanopy.com.

About Canopy:
Canopy is a revolutionary approach to simplify home management in the fields of landscaping, pest control, and exterior cleaning. Leveraging its technology and relationships with handpicked local contractors, Canopy 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. Canopy is headquartered in Raleigh, NC. For more information on Canopy, please visit www.trycanopy.com.

SOURCE Canopy