Homee raises $4.5 million
Less than a year after announcing a $15 million round with backers from insurance including Liberty Mutual Strategic Ventures and State Farm Ventures, on-demand home services startup HOMEE is disclosing a new, $4.5 million round. Liberty Mutual Strategic Ventures and State Farm Ventures participated in the round along with new investor The Hartford as well as Activate Capital Partners, Ferguson Ventures, Florida Funders, and Forte Ventures.
Founded in 2016, HOMEE is available for any type of property, from homes and condos to offices and restaurants, and the Company counts some of the largest national single-family and multi-family portfolio companies as its clients.
“It came together very quickly in just two weeks given recent very large growth opportunities with our strategic partners,” said Doug Schaedler, co-founder and CEO of Homee. Since we last covered the startup in 2019, it appears that it is now entering the insurance space with the introduction of claims processing for home and home warranty claims.
Around home claims, Homee is listing several benefits for insurers such as reducing time to process claims from an average of two weeks to four days, getting immediate access to job site videos and photos, dispatching pros immediately for emergencies, and tracking compliance in a single HOMEE software solution that includes FNOL, estimates, payments, and proof of completion.
In terms of insurance for home pros, Homee offers short-duration insurance by Coterie, and it also has a partnership with CoverWallet and AP Intego for annual policies.