A Tampa tech company with a focus on on-demand home repair services has raised $15 million in its latest funding round.
Homee, which was founded in 2016, has risen to $30 million raised thanks to the latest closed funding round on Tuesday. The Series B $15 million financing round was led by Liberty Mutual Strategic Ventures, with existing investors Activate Capital Partners, Florida Funders, Deepwork Capital, and Engage returning for the second round of the company's financing. The Hartford, State Farm Ventures, and Ferguson Ventures were new investors that also joined in for the $15 million total.
"We are excited to lead the Series B financing round and join the Homee team as the company continues to pursue rapid growth throughout the United States,” Tom Hawkins, managing partner of Forte Ventures, said in a statement. He will be joining the Homee board of directors. “Homee is one of the fastest growing companies in the home services market and has achieved tremendous traction to date by successfully addressing key industry challenges.”
Homee's founder and CEO Doug Schaedler was particularly excited about Ferguson Ventures, which is a leading distributor of plumbing products, along with three venture funds that focus on insurance.
Homee has a long history of financing: in 2018, Activate Capital Partners invested $11 million to the company, with participation from The Home Depot. That followed 2017's $1.25 million invested from Tampa Bay Lightning owner Jeff Vinik.
The company provides an app for on-demand home repair, which Schaedler previously told Tampa Bay Inno takes less than 30 minutes for a professional to arrive to solve the problem. As of May, Homee has more than 5,000 subcontractors across 32 states.
“There’s a lot of wow factor in the product and it’s enabled us to grow as fast as we can,” Schaedler said.
