FilterEasy Raises $6.9 million in Series B1 Round Led by Consumer Brand Specialists One Better Ventures
Oct 29th, 2018
FilterEasy, America’s largest air filter subscription service, is poised to further transform the category with total investment exceeding $18M
FilterEasy, a home air filter subscription service, announced today that it raised $6.9 million in new funding, led by One Better Ventures, well known for its work with Burt’s Bees, Seventh Generation, and most recently Leesa Sleep. One Better Ventures is joined by Lead Edge Capital in this round. The funding will be used to invest in product innovation and development, expanding warehouse and fulfillment capabilities, and continuing to accelerate growth.
“One Better Ventures is known for building mission-driven brands that truly make a difference,” said Thad Tarkington, co-founder and CEO at FilterEasy. “We are excited to have them join us in helping drive sustainable and socially responsible category innovation and product development. Together, we can create a positive impact on people’s everyday life.”
Kevin Barry, co-founder and COO offered shared optimism and excitement, “We’ve always believed we’re here to make a difference in consumers’ lives, giving them tools to simplify the chaotic work-life balancing act. We know consumers regularly forget to change their air filters and saw the problems associated with neglecting to change them. Indoor air quality is critical. With One Better Ventures’ support, we’re eager to continue solving problems that impact consumers, and we can’t wait to show you what we have in store for the rest of 2018 and beyond.”
“Regularly replacing air filters has the potential to improve people’s lives and the environment. We’ve seen FilterEasy reduce common friction points in the consumer journey,” commented John Replogle of One Better Ventures. “There’s a massive opportunity in home air filter subscription service, and FilterEasy is paving the way in this sector.”
Studies prove that proper HVAC system maintenance, including filter replacement, have a positive effect on indoor air quality and human health. Remembering to replace air filters is the main obstacle. Filter Easy helps you change your filters on time, every time, without the hassle.
Launched in 2014, Raleigh-based FilterEasy offers consumers a subscription-based HVAC air filter fulfillment service using a proprietary web-based platform to provide a convenient solution to a common household problem—remembering when to change an HVAC air filter. FilterEasy's subscription model guarantees that correct size HVAC air filters are conveniently delivered to a home's doorstep so they may be replaced on a regular basis, which can reduce monthly heating and cooling expenses by 5%-15%.
About One Better Ventures
One Better Ventures nurtures and develops consumer brands that have a positive impact on the world. We advise, invest in, and incubate mission-driven ventures with breakthrough sustainable business models. Our track record includes building businesses like Burt’s Bees and Seventh Generation and leading them to successful exits. Now we are working with innovative ventures like Leesa Sleep and FilterEasy as aligned, principled, and patient investors and operating partners. We run One Better Ventures with a deep commitment to service and corporate citizenship in our community, and we donate 10% of our profits to charity and another 10% to an employee bonus pool. Do well. Do good. Do One Better.