Long River Tops Off $4 Million Round of Financing in Eggrock, Inc.

Investment Fuels Growth into New Markets

Eggrock, the leading manufacturer of pre-built bathrooms in the United States, recently announced that it has closed a $4 million round of funding with the addition of Long River Ventures as an investor. Long River joins Harbor Light Capital Partners, Boynton Angels, and individual investors in completing this round. Eggrock plans to use the new funding to help fuel its next phase of growth and support its entry into several new markets such as student housing and military facilities. The investment will also accelerate product enhancements required by customers in the company's existing hotel and hospital market segments.

"Increasingly, architects and contractors are looking for ways to streamline the building process as a way to reduce overall construction time and labor costs. Eggrock bathrooms are built in a controlled factory setting to strict design standards, then shipped to the job site fully equipped and ready to install. This investment allows us to more quickly bring these benefits to customers in several new markets consistent with our long-term strategic plan," stated Jeff Barrett, CEO of Eggrock Inc.

Will Cowen, General Partner at Long River Ventures added, "While the Eggrock 'bathroom in a box' concept is novel in the United States, factory-built bathrooms have taken over a large slice of the commercial construction market in Europe and Japan. Eggrock customers such as Hilton, Marriott, and InterContinental are able to achieve a superior fit and finish with Eggrock compared to site-built construction while shaving months off their construction timelines."

Based in Littleton, MA, Eggrock has shipped over 3,000 bathroom pods to commercial construction projects throughout the U.S. and Canada. Eggrock expects to open several additional manufacturing facilities in other regions of the country over the next several years.

About Eggrock
Eggrock is the leading manufacturer of pre-built bathrooms in the United States. The company applies state-of-the-art design and manufacturing technology to produce brand compliant, ready-to-install bathrooms for the hotel construction market. Eggrock’s bathrooms reduce construction time and costs while dramatically improving workmanship quality in a room that is critical to guest and resident satisfaction. For more information, please visit www.eggrock.com.

About Long River Ventures
Long River Ventures invests in seed and early stage companies in healthcare, IT, and other technology-driven sectors. Formed by a group of experienced entrepreneurs and venture capitalist, Long River is designed and structured to invest smaller amounts of capital with typically initial investment of $500,000 to $1MM. Long River has offices in Western MA (Amherst area), Central MA (Worcester), and a satellite office in Boston. For more information, please visit www.longriverventures.com.