DocuSketch, a Lakeland, FL-based provider of process optimization solutions for the North American property restoration industry, received a minority growth investment from Summit Partners.
Colin Mistele, Managing Director at Summit Partners, has joined the DocuSketch Board of Directors. Investors including Liquid Partners will continue to support DocuSketch in the next phase of growth.
The company intends to use the new capital to support customers and partners, and accelerate R&D investments including integrating advanced AI applications into its product portfolio. DocuSketch management will retain majority ownership in the business.
Launched in 2019 by Ralf von Grafenstein, CEO, DocuSketch offers a comprehensive, all-in-one solution purpose-built for the property restoration industry, featuring 360° documentation, automated scoping, sketching solutions, and estimating services. Today, the company’s solutions are used by over 20,000 restoration professionals and insurance adjusters in North America. Current customers include North America’s largest restoration contractors like ATI Restoration, Paul Davis Restoration and ServiceMaster; insurance carriers; as well as a large base of independent restoration companies.
DocuSketch currently processes more than 40,000 insurance claims each month, and, to-date, has helped streamline more than 750,000 restoration projects. Recently, the company introduced an innovative subscription service for insurance-compliant estimates.
FinSMEs
16/01/2024