Handdii, which is looking to digitise and simplify the property claims experience, has closed its seed round on $3m.
Brick & Mortar Ventures served as the lead investor, with commitments also coming from Nine Four Ventures, Scale Investors and Fifty-Second Celebration.
This investment marks the first institutional investment to be raised by handdii.
The InsurTech claims to have a strong pipeline of new customers set to launch in 2021 and this seed funding will help it bolster its team of software engineers. Funds will also be used to expand contractor networks in the US and Australia, and invest in strategic integrations, including Guidewire ClaimCenter Ready for Guidewire app in the Guidewire Marketplace.
Handdii’s mission is to revolutionise the claims management process, which it is doing through its digital platform that connects insurance companies and their customers directly to a pre-vetted, highly rated network of local contractors.
Its platform structures data requests, standardises workflows, improves transparency for policyholders and transitions claims management from manual, offline processes to cloud-based ones.
Brick and Mortar Ventures founder and managing director Darren Bechtel said, “The role of the contractor is critical in the property damage claims experience, as they are working at the physical front line of the insurer’s customer interface.
“The handdii platform streamlines the process of managing the requirements of the insurer, which in turn frees up time for contractors to focus on what’s really important – delivering quality work and an outstanding homeowner experience while performing repair work inside, on top, under, or around someone’s home.”
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