Pack Purchase Snags Lowe’s In $1.5M Round, Changes Name to Canopy

Pack Purchase, which recently emerged from stealth mode, announced the final close of its $1.5M Series Seed financing. Co-led by IDEA Fund Partners and Cofounders Capital, with participation from Lowe’s and Great Oaks Venture Capital, the financing will enable the company to expand its services to new markets. In conjunction with the financing, the company is changing its name to Canopy to better reflect its comprehensive home maintenance solution. Canopy piloted its curated home maintenance platform in select areas of the Triangle and plans to use the funds to expand its offering to Charlotte and Atlanta.

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