The investment will fuel the development of HOMEE’s next-generation AI-powered Smart-Claim management platform. The platform is designed to streamline the claims process and enable carriers to scale their operations efficiently.
Since its inception in 2016, HOMEE has rapidly expanded its network to cover over 7 million homes across 38 states. With a total funding of approximately $75 million, the company is well-positioned to continue its growth trajectory and redefine the future of insurance claims.
“Our AI-driven Smart-Claim technology continues to expand the scale for our business while delivering higher claim repair quality and cycle times for both the carrier and policyholder,” said Doug Schaedler, CEO of HOMEE.
He continued: “Our technology automatically matches the right claim with the right service repair professional within minutes, driving an elevated policyholder experience. For the third quarter of 2024, 9 out of 10 claim assignments were successfully matched to a service repair professional in under 3-minutes.”
Michael Nannizzi, Head of Ventures Investments at W.R. Berkley Corporation added: “We are excited about what Doug is building at HOMEE. As an existing customer, Berkley already had unique insight into the value HOMEE brings to claimants at their time of greatest need. After spending time with the team and the platform, we believe HOMEE’s combination of talented people, powerful technology and robust service network quality will drive superior outcomes for its entire ecosystem of partners and customers.”
