Pest Share Secures $28 Million in Funding to Enhance Pest Control
Pest Share's Series A Funding Announcement
Brothers Team Up with Fourth-Generation Pest Pro to Build Nation's First On-Demand Pest Control Platform
Pest Share, a forerunner in on-demand pest control solutions geared towards residential property management, has successfully raised $28 million through a Series A funding round. This round was spearheaded by Integrity Growth Partners (IGP) alongside contributions from valued investors such as MetaProp, Capital Eleven, and RE Angels. The newly acquired funds will facilitate Pest Share's strategic growth across both single-family and multifamily rental sectors, drive product innovation, and fortify partnerships with top property management platforms.
Understanding Pest Share's Innovative Approach
Presently serving 48 states, Pest Share integrates seamlessly with various property management systems, boasting a network that includes 300,000 residential units. It has gained trust among numerous well-known companies including Re/Max and Roofstock. The firm uniquely addresses pest control needs by merging technology with service, automating dispatch processes, and connecting property managers to a nationwide selection of vetted pest control providers.
Transforming Pest Control Experience for Property Managers
This pioneering model not only streamlines pest control but also enhances the resident experience. Pest Share can be offered as either a standalone service or as part of a comprehensive resident benefit package, ensuring ease and accessibility for residents dealing with pest issues. Furthermore, it enables property managers to overcome operational challenges, elevate service quality, and tap into new revenue avenues.
The Genesis of Pest Share
Pest Share was birthed out of necessity when local property managers expressed the need for improved pest control solutions. The company was founded by CEO Landon Cooley, a fourth-generation pest control expert, alongside co-founders Justin Clements, COO, and Tom Clements, CRO. Their extensive industry expertise spurred the creation of Pest Share with a mission to revolutionize the pest control landscape.
Employees' Perspective on the New Model
Cooley articulated the prevailing issues within pest management, stating, "Property managers have been stuck with a fragmented and administratively burdensome approach to pest control for decades. We built Pest Share to help property managers efficiently deliver high-quality pest control services at scale." With the support from IGP and existing investors, he expressed enthusiasm about expanding Pest Share's model nationwide.
Reliability and Service Quality with Pest Share
Since its inception, Pest Share has become a trusted entity for over 700 property management firms, ranging from small local operations to prominent national brands. Users frequently commend the platform for its rapid service response times, standardized workflows, and the resulting time and cost savings, all while enhancing resident satisfaction.
What Investors Say About Pest Share
Doyl Burkett, Co-Founder and Managing Partner at Integrity Growth Partners, remarked, "Pest Share has created a modern, automated, and tech-enabled solution for a problem that resonates with nearly all property managers. We're thrilled to support a team that deeply understands the industry's operational pain points and has launched a platform that fundamentally alters the way pest services are offered and managed."
Looking Ahead with Pest Share
As Pest Share continues to grow, it underscores its commitment to innovative pest control services for property management. The integration of cutting-edge technology within the pest control domain not only benefits property managers but also creates a more positive living experience for residents.
Frequently Asked Questions
What is Pest Share?
Pest Share is an on-demand pest control platform designed specifically for residential property managers, connecting them with vetted service providers.
How much has Pest Share raised in its Series A funding?
Pest Share has raised $28 million in its recent Series A funding round to expand its services and product offerings.
What impact does Pest Share aim to have on property management?
Pest Share aims to streamline pest control services, reduce operational burdens for property managers, and enhance the resident experience.
Who are the key investors in Pest Share?
Key investors include Integrity Growth Partners, MetaProp, Capital Eleven, and RE Angels.
How does Pest Share integrate with property management systems?
The platform integrates directly with various property management systems, automating service dispatch and workflow management for pest control services.
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