Homee, a Tampa, FL-based provider of an AI-driven direct repair network for the Property and Casualty insurance industry, raised $12M in Series C funding.
The round, which brought the total capital raised to more than $75M, was led by W.R. Berkley Corporation with participation from new investors The Institutes, and Sure, and existing strategic backers State Farm, Liberty Mutual, The Hartford and Desjardins. Michael Nannizzi at W.R. Berkley Corporation led the investment and will join Homee’s Board of Directors.
The company intends to use the funds to accelerate software development for its AI Smart-Claim management platform.
Led by CEO Doug Schaedler, Homee is a provider of an AI-driven direct repair network for the property and casualty (P&C) insurance industry. Its technology connects insurers, policyholders, and skilled service providers throughout the lifecycle of a claim. The company, in combination with a curated marketplace of service providers, is utilized by firms in the insurance sector to improve the claims experience for policyholders.
Homee also announced its fifth-consecutive record financial quarter with revenue growth of 15% and claim assignment growth of 14% over the prior quarter. Throughout 2024, the company has expanded its nationwide repair coverage by over 300%, now covering more than 7 million homes in 38 states. Homee has also experienced a 250% increase in the number of claims assigned to its nationwide direct repair network since the first quarter of 2024.
FinSMEs
29/10/2024