Jiffy secures $2.4M new funding led by Golden Venture Partners

Jiffy Inc., dba Jiffy on Demand, has raised an additional US $2.4 million funding led by Golden Venture Partners with participation of Hedgewood and Two Small Fish Ventures.

Jiffy intends to use new funding to support platform development, marketing initiatives and geographic growth, including U.S. expansion. Jiffy recently launched in Boston, with additional North American cities in the pipeline for 2018.

Jiffy raised $550,000 in seed funding in 2015 and $1 million in 2016 from investors including Jordan Banks, Hedgewood, Bert Amato, Bryan Kerdman and the Kimel family.

photo credit: Jiffy

News Release

Jiffy Raises $2.4 Million to Expand Hassle-Free Home Maintenance Service
Company disrupts home maintenance by bringing on-demand marketplace to consumers and service pros

TORONTO and BOSTON, Feb. 27, 2018 /PRNewswire/ — Jiffy on Demand, provider of the service platform that connects home maintenance and repair professionals to the on-the-go homeowner, today announced that it has raised an additional $2.4 million (U.S.) in funding. Golden Venture Partners led the round, with additional participation from notable investors including Hedgewood and Two Small Fish Ventures.

Jiffy will use the funding to support platform development, marketing initiatives and geographic growth, including U.S. expansion. The Toronto-based company recently launched in Boston, with additional North American cities in the pipeline for 2018.

“Boston is at the head of the pack when it comes to hard-working, tech savvy consumers and our platform is perfectly suited to serve the demand of their busy lifestyles,” said Ryan Shupak, co-founder and CEO of Jiffy. “The area’s regular need for property and yard maintenance due to seasonal changes along with the challenge of finding a reliable trade professional on the fly also presents an opportunity to serve an unmet need.”

Jiffy makes it easy for consumers to take care of the nagging home repair to-do list by allowing them to instantly book same day service from top-rated professionals. The platform brings instant home maintenance to consumers by enabling them to bypass the process of having to scour reviews, obtain quotes or worry about poor quality service. Jiffy vets each home maintenance professional and backs all work with a 100 percent satisfaction guarantee.

“Jiffy is in a unique position to capitalize on the massive market opportunity to advance home maintenance in a way that hasn’t been explored before,” said Bert Amato, partner, Golden Venture Partners. “The company has created a meaningful and highly-desirable product on both sides of the value chain, where both consumers and home service professionals can win.”

Jiffy is free to consumers and brings significant value to trade professionals with time and money saved on marketing, travelling and closing leads with more opportunities to build their business through local jobs. The company also sets a predetermined average rate for each type of service provided, allowing for full transparency on price and eliminating the back and forth with quotes from service professionals. Jiffy streamlines job offers, communications with customers and optimizes work schedules while removing the burden of marketing and chasing leads for service pros.

For more information or to register as a home service professional with Jiffy, visit our website.

About Jiffy on Demand

Jiffy on Demand is a mobile service platform that is changing the way consumers think about home maintenance. Through its managed marketplace, Jiffy connects local home maintenance and repair professionals to on-the-go homeowners to streamline the process of searching for, and scheduling, a reputable tradesman. Homeowners can use Jiffy to instantly schedule a top-rated professional at a predetermined rate without having to scour reviews, obtain quotes or worry about the job being done right. The platform also helps home service professionals build their business by automating tasks like marketing, lead generation, appointment scheduling and payment collection. Jiffy is currently available via iOS and Android, or on the web. For a full list of services and more information, visit www.jiffyondemand.com.

Media Contacts:
Brittany Busso
Account Manager, InkHouse
jiffy@inkhouse.com
(781) 966-4178

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.