Tampa-based property maintenance platform Homee has recently closed on an $11 million investment to expand its vendor network and launch new markets.
Activate Capital Partners, LP led the financing round with the participation of The Home Depot (NYSE: HD), as well as the Company’s existing investors, including Florida Funders, FAN Fund, and Bialla Venture Partners. Engage, a venture fund backed by The Home Depot and 10 other leading corporations, also participated in the round.
“Homee is a category-leading, on-demand property maintenance platform that is changing the way homeowners and property managers find, contract, and pay for qualified heating and air conditioning, plumbing, electrical, and general handyman services,” said Homee co-founder and CEO, Doug Schaedler. “The new investment from Activate Capital Partners and The Home Depot is integral to Homee’s growth, and we are pleased to have them involved with Homee.”
Using GPS-enabled smartphone technology, Homee service providers accept new requests under a minute on average and are at the job location for repairs, improvements, or maintenance in an average of 30 minutes or less. Every service provider is background-checked and screened by Homee’s operations team and is continually monitored by the app’s provider rating system to ensure ongoing quality service.
“We are excited to partner with Homee and believe the Company is addressing fundamental pain points in the industry,” said Michael DeRosa, Managing Director at Activate. “Homee’s unique approach to market expansion has allowed it to grow quickly and cost-efficiently, and we believe the Company is now positioned to pursue rapid growth in additional markets.”
Homee’s service 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 portfolio companies as its clients. Customers benefit from standardized, lower pricing, and quick, convenient service; service providers benefit from a centralized source of work with no marketing costs.
Edited by Gordana Davila
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.