About Neighborly
Neighborly is a company based in Waco (United States) founded in 1981 was acquired by KKR in July 2021. It operates as a Franchise / Licensing. Neighborly has raised $407 thousand across 3 funding rounds from investors including KKR, Audax Group and The Riverside Company. Neighborly has completed 14 acquisitions, including Bright & Beautiful, Countrywide Grounds Maintenance and Dream Doors. Neighborly offers products and services including Home Services Franchising and Training and Support.
- Headquarter Waco, United States
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
- Legal Name Neighborly Company
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Annual Revenue
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Net Profit
-
EBITDA
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Total Equity Funding
$407 K (USD)
in 3 rounds
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Latest Funding Round
$407 K (USD), Unspecified
Dec 22, 2023
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Investors
KKR
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bright & Beautiful
& 13 more
- Acquired by
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Products & Services of Neighborly
Neighborly offers a comprehensive portfolio of products and services, including Home Services Franchising and Training and Support. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Home services are offered through various franchise brands.
Training and support are provided to franchise owners.
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Software Development Team
28 people
Sales and Marketing
27 people
Leadership Team
17 people
Product Management Team
11 people
Senior Team
10 people
Operations Team
8 people
Legal and Compliance
5 people
Finance and Accounting
4 people
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Funding Insights of Neighborly
Neighborly has successfully raised a total of $407K across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $407 thousand completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $407,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Unspecified - Neighborly | Valuation |
investors |
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| Jun, 2022 | Amount | Debt – Conventional - Neighborly | Valuation |
investors |
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| Oct, 2003 | Amount | Private Equity Round - Neighborly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neighborly
Neighborly has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, Audax Group and The Riverside Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Private equity and debt are provided to middle market companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neighborly
Neighborly has strategically engaged in corporate development activities, having acquired 14 companies. Notable acquisitions include Bright & Beautiful, Countrywide Grounds Maintenance and Dream Doors. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mosquito control treatments are provided for residential and commercial properties.
|
2010 | ||||
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Provider of home cleaning and laundry services
|
2007 | ||||
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Provider of dry vent cleaning, inspection, repair, and maintenance services for homes and offices
|
2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Neighborly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neighborly Comparisons
Competitors of Neighborly
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Neighborly
When was Neighborly founded?
Neighborly was founded in 1981 and raised its 1st funding round 22 years after it was founded.
Where is Neighborly located?
Neighborly is headquartered in Waco, United States. It is registered at Waco, Texas, United States.
Who is the current CEO of Neighborly?
Mike Bidwell is the current CEO of Neighborly.
Is Neighborly a funded company?
Neighborly is a funded company, having raised a total of $407K across 3 funding rounds to date.
What does Neighborly do?
A global family of home service brands is managed by Neighborly, based in Irving, Texas. Operations span across North America and Europe, serving millions of customers since its founding in 1981. Various home repair and maintenance services are provided through multiple franchise brands. Support and training are offered to franchise owners to ensure quality service delivery. The company is committed to enriching lives through remarkable customer experiences in the communities served.
What products or services does Neighborly offer?
Neighborly offers Home Services Franchising and Training and Support.
How many acquisitions has Neighborly made?
Neighborly has made 14 acquisitions, including Bright & Beautiful, Countrywide Grounds Maintenance, and Dream Doors.
Who are Neighborly's investors?
Neighborly has 5 investors. Key investors include KKR, Audax Group, The Riverside Company, TZP Group, and Harvest Partners.