Zephyr, a technology-enabled home services platform, has raised over $60 million in new growth capital in a round led by Elda River Capital and The Pritzker Organization (TPO). The funding will be used to accelerate Zephyr’s acquisition strategy and further develop its technology platform. This brings the company’s total funding to nearly $100 million since its inception in November 2022.
Zephyr specializes in acquiring local service providers, primarily in the HVAC, plumbing, and electrical markets, and integrating them into a unified platform designed to improve technician efficiency and retention. By focusing on the technician experience, Zephyr aims to enhance customer service and operational effectiveness for local brands.
Michael Dean, Partner at Elda River, emphasized Zephyr’s role in modernizing home services: “Zephyr is accelerating the digital transformation of home services, prioritizing the technician experience to deliver better customer comfort through superior service and energy-efficient system installations.”
The home services market, valued at over $125 billion annually, faces a critical technician labor shortage, with a 50% deficit projected in the coming years. Zephyr aims to address this challenge by utilizing technology and people management to attract and retain talent, positioning itself as the first technician-centric platform.
Since its launch, Zephyr has completed 12 acquisitions across key U.S. markets, including Washington, DC, Houston, South Florida, and Denver. The company is on track to surpass $100 million in revenue this year, growing over 25% organically.
CEO and Co-founder Shawn Weidmann, who has extensive experience in scaling businesses, expressed excitement for Zephyr’s growth: “We’re thrilled to use this investment to build on Zephyr’s early momentum and continue driving growth, efficiency, and success in the industry, with technicians at the core of everything we do.”
Zephyr’s leadership team includes CFO Michelle DiPasquale, Chief Product & Technology Officer Kevin McDunn, and Head of Strategy Deklan Robinson. With the new funding, Zephyr plans to expand into new markets and invest in its proprietary technology to attract top talent and streamline operations.
