Home Depot invests in Homee
Homee, a company providing on-demand home services on-demand, will soon expand into additional markets thanks to an influx of capital.
The Tampa, Fla.-based company – essentially the Uber of home services - said it has closed on $11 million in additional financing, bringing the total investment in the company to $15 million. The latest round of capital includes Activate Capital Partners and The Home Depot, as well as the company’s existing investors, including Florida Funders, FAN Fund, and Bialla Venture Partners.
Engage, a venture fund backed by The Home Depot and 10 other corporations, also participated in the round.
“The new investment from Activate Capital Partners and The Home Depot is integral to Homee’s growth, and we are pleased to have them involved with Homee,” said Homee co-founder and CEO, Doug Schaedler.
The on-demand property maintenance platform provides homeowners and property managers with instant access to skilled service providers, including qualified heating and air condition and electrical professionals along with handyman services.
Using GPS-enabled smartphone technology, Homee service providers accept new requests under a minute on average and are at the job location for repairs, improvements, or maintenance in an average of 30 minutes or less. Every service provider is background-checked and screened by Homee’s operations team and is continually monitored by the app’s provider rating system to ensure ongoing quality service, the company said.
“We are excited to partner with Homee and believe the Company is addressing fundamental pain points in the industry,” said Michael DeRosa, Managing Director at Activate. “Homee’s unique approach to market expansion has allowed it to grow quickly and cost-efficiently, and we believe the Company is now positioned to pursue rapid growth in additional markets.”
Homee is currently in more than 40 markets across the country and will soon nearly double the size of its coverage area.
The Tampa, Fla.-based company – essentially the Uber of home services - said it has closed on $11 million in additional financing, bringing the total investment in the company to $15 million. The latest round of capital includes Activate Capital Partners and The Home Depot, as well as the company’s existing investors, including Florida Funders, FAN Fund, and Bialla Venture Partners.
Engage, a venture fund backed by The Home Depot and 10 other corporations, also participated in the round.
“The new investment from Activate Capital Partners and The Home Depot is integral to Homee’s growth, and we are pleased to have them involved with Homee,” said Homee co-founder and CEO, Doug Schaedler.
The on-demand property maintenance platform provides homeowners and property managers with instant access to skilled service providers, including qualified heating and air condition and electrical professionals along with handyman services.
Using GPS-enabled smartphone technology, Homee service providers accept new requests under a minute on average and are at the job location for repairs, improvements, or maintenance in an average of 30 minutes or less. Every service provider is background-checked and screened by Homee’s operations team and is continually monitored by the app’s provider rating system to ensure ongoing quality service, the company said.
“We are excited to partner with Homee and believe the Company is addressing fundamental pain points in the industry,” said Michael DeRosa, Managing Director at Activate. “Homee’s unique approach to market expansion has allowed it to grow quickly and cost-efficiently, and we believe the Company is now positioned to pursue rapid growth in additional markets.”
Homee is currently in more than 40 markets across the country and will soon nearly double the size of its coverage area.