SEATTLE, November 29, 2021 (GLOBE NEWSWIRE) – Real estate inspection software platform and marketplace Inspect announced the closing of its $ 8 million Series A round, led by Nine four companies. The cycle included the participation of a consortium of venture capitalists and strategic investors, including Foundation capital, the HSB Munich Re Ventures Fund, Red tuna and Socially funded, as well as prominent PropTech Founders / Executives Chase Gilbert and Nichole Wischoff (Technologies built), Guy Gal (Side), Josh Stech (Sundae), Tushar Garg (Flyhomes) and Darren Nix (Regularly), among others.
Inspectify’s vision is to be the “home API” and create a digital twin for every property where homeowners can better understand the condition of their home and how to care for it. As a result, they will know what repairs are needed, can easily price and book those repairs, have an up-to-date inventory of their home’s devices and systems, and have access to maintenance records and schedules.
Over the past 12 months, the company has grown over 2,500%, gaining the trust of leading real estate companies such as Redfin, Fundrise, Flyhomes, Sundae, Homie, Homelight, Properly, Mynd, Roofstock and Orchard, among others.
“Inspections provide the most comprehensive and complex view of a home, but the data is extremely unstructured and underutilized,” said founder and CEO Josh Jensen. “We challenge the status quo of a static PDF report to provide better quality inspection and better data that endures with ownership. ”
Jensen, a former Flyhomes executive and seasoned real estate investor, has experienced the pain of manually handling inspections while buying and selling hundreds of homes firsthand. So he founded the company with the CTO Denis bellavance, who was previously the founder and CTO of Peach and a former head of engineering at Zillow, Loftium and Amazon.
Inspectify leverages its proprietary software to customize and integrate data found in a home for individuals, institutional investors, and iBuyers far beyond the scope of a traditional home inspection. For non-institutional buyers, Inspectify’s streamlined approach and concierge service save hours typically spent finding inspectors and coordinating schedules and access.
An Inspectify inspection can also live as a cloud-native ‘home owner’s manual’ that is left to a homebuyer, often co-branded with a brand or real estate agent to build meaningful, long-term relationships with buyers. . In addition, Inspectify provides institutional investors and iBuyers with robust data sets and portfolio-level visibility of their assets, allowing them to increase the speed and scale of transactions with confidence.
“Inspection data has long been underutilized due to the fragmented nature of the industry,” said Kurt Ramirez, general partner of Nine Four Ventures. “Inspectify’s approach allows for exponentially greater fidelity and structuring of real estate data that is poised to fundamentally change the way real estate is bought, sold and managed. In just under two years, they are coming together. are associated with some of the world’s most prominent real estate brands, proving they’ve filled a huge need in the space. “
The funding will allow Inspectify to drive the growth of its real estate partners and help launch new verticals with lenders, insurance companies, appliance manufacturers and home service providers. Inspectify also plans to accelerate the development of its proprietary property inspection software to enable an even more robust and structured data set on each property inspected.
Image 1: Inspect
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