After winding down its out-of-town operations and ducking into bankruptcy last summer, WayForth’s CEO says the Richmond-based moving company is now moving in the right direction.
WayForth Announces Growth Plans and Capital Raise
Share Article RICHMOND, Va. (PRWEB) August 03, 2021 Richmond, VA-based WayForth Inc., founded in 2016, is the nation’s largest provider of move management and complete home transition solutions, announces today that it has completed a capital raise of $32 million with the opportunity to raise up to $18 million in additional capital over the next several years. The transaction was led by HF Capital (“HF”) with participation by existing lead institutional investor GLP Capital Partners (“GCP”). The transaction provides the opportunity for WayForth to execute on its strategic long-term growth plan, including expansion of WayForth service areas, as well as investment in technology and critical infrastructure to continue serving the aging population and people experiencing life transitions of all kinds.