Funding may have dipped in Q2 for Tampa Bay as the region weathered coronavirus, but Q3 is already starting out strong for one local company.
HOMEE, the home repair on-demand app, raised $4.5 million in its latest funding, according to an SEC filing.
The funding was an insider strategic round, CEO Douglas Schaedler told Tampa Bay Inno. All the company's strategic partners invested, including local firm Florida Funders. Activate Capital Partners, Forte Ventures, State Farm, Liberty Mutual, Ferguson Ventures and The Hartford also participated in the round.
"It came together very quickly in just two weeks, given the recent very large growth opportunities for our software and services," Schaedler said in an email.
The Tampa-based company's total investment is now $34.5 million, most recently raising a $15 million Series B round in 2019. 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 latest round will go toward the company's continued expansion across the nation with "our strategic partners who utilize our software and services," according to Schaedler.
The company was founded in 2016 and provides an app and software 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. HOMEE is currently in 35 states and over 100 metros.
