Toronto, Canada based home maintenance startup Setter has bagged a $10 million in Series A round investment. The fresh round which takes the total raised by the firm to $12 million has been co-led by Sequoia Capital and NFX. The investment round also saw participation from Hustle Fund, a California-based seed investor. Sequoia Capital partner Jess Lee as part of the investment will be joining Setter's board of directors and NFX managing partner Pete Flint will be an advisor to the board.
Started in 2016 by David Steckel, Guillaume Laliberté, the firm lets the customers chat to the home maintenance experts regarding the solutions that are seeking. They can share pictures of the issues and then the experts can give them a quotation. The users can connect with the experts through the mobile app, which is available on iOS and Android.
As the firm plans to expand their operations in North America, Laliberté, the CEO of the firm talking about the investment from Sequoia and NFX said, “We are thrilled for this next chapter as we expand into the San Francisco Bay Area with the support of Sequoia, NFX and Hustle Fund on this journey.” He further said that the idea behind starting the company was helping the homeowners with the renovations of the house which is a very worrisome process.
Lee, the Sequoia Partner talking about the how the home maintenance is a tough task said, “Homeownership is both a joy and a burden. Maintaining a home can be time-consuming, frustrating and overwhelming. Home maintenance is a $700 billion market ripe for change, and Setter has built a delightful, seamless experience for homeowners that removes the hassle and gives you your time back. We’re excited to help introduce Setter to the rest of North America.”
Flint the NFX Partner said that Setter is a right team which can help the customers transform home maintenance, delivering customers with the experience they want, need, and expects.
Image Courtesy : Setter