HOMEE, a Tampa, Florida-based AI-driven direct repair network for the property and casualty insurance industry, has secured $12 million in Series C, bringing its total capital raised to over $75 million.
Investors
The round was led by W.R. Berkley Corporation, with participation from new investors including The Institutes and Sure, Inc. Existing strategic investors such as State Farm, Liberty Mutual, The Hartford, and Desjardins.
W.R. Berkley Corporation is a commercial lines property and casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut. Founded in 1967, it operates globally in two segments: Insurance and Reinsurance.
HOMEE Use of Funds
This funding will accelerate the development of HOMEE’s next-generation AI Smart-Claim management platform, enhancing connectivity between insurance carriers and its extensive repair network across the U.S.
About HOMEE
HOMEE operates as a direct repair network that utilizes AI technology to connect insurance carriers directly with vetted service professionals, facilitating efficient claim handling and repair services. The company has developed a next-generation AI Smart-Claim management platform that automates the assignment of claims to service professionals. It currently serves over 7 million homes across multiple states.
Funding Details
Company: HOMEE, Inc.
Raised: $12.0M
Round: Series C
Funding Date: October 2024
Lead Investor: W.R. Berkley Corporation
Additional Investors: The Institutes, Sure, Inc., State Farm, Liberty Mutual, The Hartford, Desjardins
Company Website: https://www.homee.com/
Software Category: Home Repair and Claim Management
Source: https://www.businesswire.com/news/home/20241029658787/en