LawnStarter, an Austin-based provider of on-demand lawn and outdoor care, is acquiring San Diego-based Lawn Love in a cash-and-stock deal.
The two companies will continue to operate under their brand names, with Steve Corcoran becoming CEO of the merged companies and Austin remaining the headquarters. Financial terms were not disclosed.
“This deal effectively teleports both Lawn Love and LawnStarter years into the future,” said Jeremy Yamaguchi, founder and CEO of Lawn Love. “It’s a dramatic acceleration toward our goal of empowering small-business owners by providing the technology and tools to help them grow their businesses, compete with the big guys and ultimately thrive.”
Yamaguchi said the company’s acquisition will allow both businesses to better capitalize on the growth of on-demand, tech-enabled services since the outset of the COVID-19 pandemic, and positions the combined company as a clear market leader.
Lawn Love, which raised a total of $6.7 million from backers including Bullpen Capital, Y Combinator, Alexis Ohanian, Joe Montana and Barbara Corcoran, will continue to operate out of its San Diego office.