Zephyr, a NYC-based provider of a technology-enabled home services platform, raised $60M in new growth capital.
The round, which brought the total amount to $100M, was led by Elda River Capital and The Pritzker Organization. With this investment, representatives from Elda River and TPO will join Zephyr’s board of directors. Michael Morgan, a founding member of Triangle Peak Partners, will also join Zephyr’s board as an observer.
The company intends to use the funds for additional home services business acquisitions and continued technical innovation.
Led by CEO Shawn Weidmann, Zephyr is a technology-enabled home services business which acquires local service providers in targeted markets, integrates them into a unified technology and productivity platform, and drives growth at those local brands with centralized support in recruiting, training, marketing, operations effectiveness, finance, M&A and more.
The company has closed on twelve acquisitions to date in a handful of target geographies, including the metro areas of Washington, DC; Houston; Palm Beach/South Florida; and Denver.
FinSMEs
21/10/2024