Homee reels in $17m from oversubscribed Series B-2

Tampa-based InsurTech Homee has raised $17m from a Series B-2, bringing the total raised in the overall Series B round to $36m.

The round was led by Morningside and saw participation from Liberty Mutual Strategic Ventures, Hartford Investment Management Company, Desjardins State Farm Ventures, Forte Ventures and Activate Capital.

Founded in 2016, Homee is a technology platform that connects insurers, policyholders and skilled service providers in the claims process. The company’s platform is used by leading insurance and warranty sector firms for small to medium-size losses, commonly under $25,000, to improve cycle times.

According to Homee, it intends to use the newly raised capital to enhance its technology suite and launch new markets to further service carriers and expand its growing service provider throughout the US.

Homee co-founder and CEO Doug Schaedler said, “Homee is in the business of leveraging its technology platform to deliver an amazing claims process for policyholders across the country. This financing round will drive significant growth for the company, and we are excited to have strategic support and investment from some of the top insurance carriers in North America.”

Morningside investment manager Mick Sawka added, “We are excited to invest in HOMEE, and we believe their technology platform and team will continue to solve the key industry challenges in the over $100bn claims market.”

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