Pest Share Secures $28M Series A Funding to Expand On-Demand Pest Control Nationwide

What's Happening?

Pest Share, a Boise-based startup, has raised $28 million in Series A funding led by Integrity Growth Partners. The company, founded by Landon Cooley and brothers Justin and Tom Clements, offers an innovative on-demand pest control platform for property managers across 48 U.S. states. Pest Share aims to leverage volume to make pest control more affordable for residential complexes, similar to how Uber and DoorDash operate in their respective industries. The platform is designed to improve service response times, standardize workflows, and deliver cost savings, enhancing the residential experience for property managers and their tenants.

Why It's Important?

The funding marks a significant milestone for Pest Share, enabling the company to expand its reach and redefine pest control management in the rental housing market. With pest control being a top reason for tenant turnover, Pest Share's model addresses a critical pain point for property managers. The investment from Integrity Growth Partners and other firms like Capital Eleven and MetaProp highlights the potential for growth in the home services sector, which has traditionally seen little innovation. Pest Share's approach could set a new standard in the industry, offering scalable solutions that benefit both residents and property managers.

What's Next?

With the new funding, Pest Share plans to accelerate its expansion across the rental market, potentially increasing its partnerships with property management companies nationwide. The company aims to further integrate its technology with existing systems used by property managers, demonstrating a positive financial impact and return on investment. As Pest Share continues to grow, it may attract more investors interested in solving complex problems in the home services industry, potentially leading to further innovation and market disruption.

Beyond the Headlines

Pest Share's success could inspire other startups to explore untapped areas within the home services sector, driving technological advancements and improving service delivery. The company's commitment to professionalism and core values like 'true grit' may serve as a model for other entrepreneurs seeking to navigate the challenges of venture capital and startup growth. Additionally, Pest Share's approach to pest control could lead to broader discussions on sustainable and efficient practices in property management.