HOMEE Secures $ 17 Million Series B-2 Funding
TAMPA, Florida – (COMMERCIAL THREAD) – HOMEE, a leading technology platform to connect insurers, policyholders and qualified service providers in the claims process, today announced that it has closed a $ 17 million oversubscribed Series B-2 financing of dollars, bringing the total capital raised for its B towers to $ 36 million. Over the past year, the company has seen a dramatic increase in the volume of claims, helping to generate record financial results for the first six months of 2021. The inflow of capital will allow HOMEE to continue to improve its technology suite and to launch new markets to expand its services. and expand its growing network of service providers across the United States.
The round was led by Morningside and was joined by existing investors and insurance industry investors Liberty Mutual Strategic Ventures, State Farm Ventures, Hartford Investment Management Company (HIMCO) and Desjardins as well as existing investors Forte Ventures and Activate Capital.
“HOMEE leverages its technology platform to deliver an incredible claims process to policyholders across the country,” said Doug Schaedler, HOMEE Co-Founder and CEO. “This round of funding will result in significant growth for the company, and we are delighted to benefit from the strategic support and investments of some of the leading insurers in North America. ”
“We are delighted to invest in HOMEE and believe their technology platform and team will continue to solve key industry challenges in the over $ 100 billion claims market,” said Mick Sawka, director of investments at Morningside.
Based in Tampa, Florida, HOMEE is one of the leading technology platforms for connecting insurers, policyholders and qualified service providers in the claims process. The HOMEE platform, together with a leading network of over 20,000 registered contractors, is used by leading companies in the insurance and warranty industries for small to medium-sized losses, typically below at $ 25,000, to dramatically improve cycle times. The Company’s investors include leading insurance affiliates in North America such as Liberty Mutual Strategic Ventures, State Farm Ventures, Hartford Investment Management Company (HIMCO) and Desjardins as well as Ferguson Ventures, the investment arm from the largest US distributor of plumbing supplies. . For a list of places where HOMEE is allowed, visit www.HOMEE.com or download the HOMEE app from the Apple App Store or Google Play Store.