What is FilterEasy?
Launched in 2014, FilterEasy addresses a common household need by providing a convenient, subscription-based solution for HVAC air filter replacement. Through its web-based platform, the company ensures that consumers receive the correct size air filters delivered directly to their homes on a regular schedule. This service not only simplifies maintenance but also contributes to energy efficiency, potentially reducing monthly heating and cooling expenses by 5-15%. FilterEasy's model targets homeowners seeking a hassle-free approach to essential home upkeep.
How much funding has FilterEasy raised?
FilterEasy has raised a total of $22.7M across 5 funding rounds:
Debt
$500K
Multiple Rounds
$8.4M
Series B
$13.8M
Debt (2014): $500K with participation from Cofounders Capital
Angel/Seed (2015): $1.2M led by Azure Capital and RTP Capital Associates
Private Equity (2015): $4.2M supported by IDEA Fund Partners, Azure Capital Partners, Cofounders Capital, and Fidelis Capital
Series A (2015): $3M featuring IDEA Fund Partners and Cofounders Capital
Series B (2018): $13.8M backed by Cofounders Capital, One Better Ventures, Bonaventure Capital, RTP Capital Associates, Lead Edge Capital Management, MDO Holdings, IDEA Fund Partners, Azure Capital, Arsenal Venture Partners, and Triangle Angel Partners
Key Investors in FilterEasy
IDEA Fund Partners
IDEA Fund Partners is a venture capital firm dedicated to backing talented entrepreneurs, particularly those from diverse backgrounds. They focus on investing in innovation and providing strategic guidance to enhance portfolio company success.
Azure Capital Partners
Azure Capital Partners invests in post-seed and early-stage companies at critical growth points, with a focus on transformative technologies and entrepreneurial expansion.
Cofounders Capital
Cofounders Capital is a venture capital fund specializing in seed-stage B2B software companies in the Southeast region, supporting early-stage entrepreneurs and startups.
What's next for FilterEasy?
The substantial enterprise-level capital and recent strategic investment position FilterEasy for accelerated growth and market penetration. This financing is likely to support enhancements to its technology platform, expansion of its service offerings, and increased marketing efforts to reach a broader customer base. The company's focus on convenience and energy savings aligns with growing consumer demand for smart home solutions and sustainable living practices. Future developments may include strategic partnerships and further innovation in subscription-based home services.
See full FilterEasy company page
