Inspectify raises $5.26 million

Property inspection marketplace and software platform Inspectify has raised $5.26 million in a new funding round led by Munich Re Ventures.

This latest investment brings the company’s total financing to ~$23 million and Munich Re Ventures has become Inspectify’s largest external shareholder.

Founded in 2019, Inspectify streamlines the home inspection experience for real estate agents and their clients through its network of 6,000+ inspectors and “proprietary inspection software.” The company offers in select states a full-year warranty that provides repair or replacement of equipment deemed functional during inspection at no cost to the homeowner.

The new funding will accelerate the development of Inspectify’s platform, expanding its offerings to Hartford Steam Boiler’s clients and rolling out the company’s inspection warranty.

“We’re thrilled to deepen our partnership with Munich Re Ventures and Hartford Steam Boiler to enhance our services for property and casualty carriers. With the rise of extreme weather and escalating replacement costs, having accurate, real-time data on properties is crucial for insurers. Our platform is designed to meet these needs.” – Josh Jensen, Co-founder and CEO of Inspectify.

“Inspectify has grown beyond its initial focus on real estate to serve industries like construction lending and insurance. Their use of automated intelligence ensures standardised, high-quality inspections, regardless of the inspector, which is a game-changer for enterprise customers.” – Matt McElhattan, Managing Director at Munich Re Ventures.