HOMEE raises $12 million

HOMEE, a repair network for the P&C insurance industry, has closed a $12 million Series C funding round led by W.R. Berkley Corporation, with participation from The Institutes, and Sure.

The additional capital will accelerate software development for the industry’s “next-generation” AI Smart-Claim management platform. The new software is expected to enable “dramatic increases” in scale by connecting carriers directly to the company’s vetted direct repair network throughout the US.

Founded in 2016, HOMEE has expanded its repair coverage to now cover more than 7 million homes in 38 states. The company has raised ~$75 million to date.

“Our AI-driven Smart-Claim technology continues to expand the scale for our business while delivering higher claim repair quality and cycle times for both the carrier and policyholder. Our technology automatically matches the right claim with the right service repair professional within minutes, driving an elevated policyholder experience. For the third quarter of 2024, 9 out of 10 claim assignments were successfully matched to a service repair professional in under 3-minutes.” – Doug Schaedler, CEO of HOMEE.

“We are excited about what Doug is building at HOMEE. As an existing customer, Berkley already had unique insight into the value HOMEE brings to claimants at their time of greatest need. After spending time with the team and the platform, we believe HOMEE’s combination of talented people, powerful technology and robust service network quality will drive superior outcomes for its entire ecosystem of partners and customers.” – Michael Nannizzi, Head of Ventures Investments at W.R. Berkley Corporation.