Inspectify, a real estate startup based in Seattle, has raised $8 million in series A funding to help real estate professionals, homeowners, and inspectors to make home inspection booking seamless and easy.
The funding round was led by Nine Four Ventures with participation from firms like Foundation Capital, the HSB Fund of Munich Re Ventures, Redfin and Socially Financed, as well as several angel investors like Chase Gilbert and Nichole Wischoff (Built Technologies), Guy Gal (Side), Josh Stech (Sundae), and Tushar Garg (Flyhomes). With this round, Inspectify has now raised a total of $11.5 million in funding. Kurt Ramirez, General Partner at Nine Four, said about their participation in the round:
“Data from inspections has long been underutilized due to the fragmented nature of the industry. Inspectify’s approach allows exponentially more fidelity and structuring of property data that is poised to fundamentally change how real estate is bought, sold, and managed. In just under two years, they have partnered with some of the most prominent real estate brands in the world, proving they have filled a massive need in the space.”
Founded in 2019, Inspectify is looking to become the equivalent of an API for homes, allowing the creation of a digital representation of every home to facilitate how homeowners take care of it. The startup achieves this via a proprietary platform that customizes and integrates data gathered from its user’s home, which is then shared with the relevant parties to ensure it is well taken care of at all times. Josh Jensen, Founder and CEO of Inspectify, said about this mission:
“Inspections provide the most comprehensive and complex view of a home, yet the data is extremely unstructured and underutilized. We’re challenging the status quo of a static PDF report to provide a higher quality inspection and better data that lives on with the property.”
With the real estate industry racing to integrate new technologies to modernize its operations, Inspectify has had a growth rate of 2500% over the past year while also establishing important partnerships with important real estate companies. Now, the startup is looking to boost this growth by launching new verticals that include lenders, insurance carriers, home service providers, and more.
