Paintzen snags $1.81 mln seed


Paintzen has closed $1.81 million in seed funding. The investors were Lerer Hippeau Ventures, Nextview Ventures, Quotidian Ventures, Angelpad and Barbara Corcoran. Based in New York City and San Francisco, Paintzen is a provider of platform that provides on-demand painting services for homeowners and businesses.

PRESS RELEASE

NEW YORK, NY — October 16, 2014 — Paintzen, the platform that provides on-demand painting services for homeowners and businesses, announces today its official launch in New York and San Francisco. The company also announces that it has raised a $1.81 million seed round from Lerer Hippeau Ventures, Nextview Ventures, Quotidian Ventures, Angelpad and Barbara Corcoran. The capital will be used for continued company growth and expansion, building technology on the back end and key new hires. An AngelPad Accelerator graduate, Paintzen’s official launch brings stress-free painting to the people of New York and San Francisco.

Heating up the on-demand home service space, Paintzen has already painted 1,600,000 square feet of walls in New York City alone, and has painted over 4,000 rooms. With an annual run rate in the millions, Paintzen’s third quarter revenue has almost doubled since their first quarter. Paintzen’s rampant growth in New York City will continue with future expansion plans the company hopes to execute with the funding raised.

“No project is too small or too big for us – we pride ourselves on being both a B2C and B2B company. We’re able to scale projects and match all jobs with the right paint crew,” says Michael Russell, CEO and Co-Founder of Paintzen. “No task is outside the reach of our dedicated paint crews. Whether it be a nursery wall to a full repaint of a flagship retail store, Paintzen is leading the charge on transforming the way consumers order paint services – it’s all in one place.”

Paintzen is a platform that allows home and office clients to find, book and customize their paint jobs to fit their personalized needs, managing the logistics on both sides. Paintzen’s service handles all aspects of every painting job down to the smallest detail; including paint, supplies, insurance, tax, and tip. Paintzen prides itself on clear and easy pricing, delivering everything right to the customer’s doorstep in a convenient and comprehensive package.

“Paintzen has the potential to transform the painting industry, says Eric Hippeau, Partner at Lerer Hippeau Ventures. “There’s going to be explosive growth in the tech-enabled home service space across the board, and Paintzen is at the forefront of the market, providing services where people need it, in a simple and innovative way.”

For more information on Paintzen, please visit http://www.Paintzen.com.

About Paintzen

Paintzen, Inc. is a New York City based tech company that transforms the way people paint their homes and offices. Launched in late 2013, Paintzen is the only company that can provide a truly seamless painting experience from start to finish by providing instant online quotes, fully-insured paint crews and guaranteed customer satisfaction. Services are currently available in the NY Metro area and San Francisco, CA. For more information, please visit www.Paintzen.com