The Inspectify Report

Closing our $8M Series A to accelerate the API for the Home

Nov 29, 2021 10:00:55 AM / by Joshua Jensen

Today is an exciting day. Not just because I'm coming off a long Thanksgiving weekend spent with family and friends. Not because I can officially dust off the Bing Crosby Holiday albums and set them on fixed repeat. But because I'm thrilled to announce Inspectify's $8M Series A led by Nine Four Ventures. With this raise, we will accelerate our growth and enable our vision of creating the API for the Home.

 

When we launched Inspectify in early 2020, Denis and I were laser-focused on weekly progress; more inspections, bigger partners, and better products. Because of this, we didn't dedicate a lot of mental space towards reaching our Series A. This didn't change when we were accepted in YCombinator for the summer 2020 batch, or when we closed our pursuant seed round in November 2020. It wasn't until summer 2021 that we took a step back and realized how much progress our team had made and that a milestone that seemed so far away a year ago, was easily within reach. Given the timing of our announcement with the Thanksgiving Holiday, I feel it's only proper to take time to give thanks to those that have helped us along this journey and who will continue to propel us going forward.

 

Inspectify team during our daily stand-up

 

Inspectify Team: Relentless focus on customer success

First and foremost, I want to thank our employees for the tireless dedication, passion, and love that they put into the Inspectify experience every day. Over the past 12 months, we have grown by over 25X, yet our customer experience has only improved across all measures. Our team is obsessed with helping our customers succeed, so much so that it has been ingrained as part of our culture.

Having started Inspectify during the global pandemic, we were born as a remote company and have had the unique opportunity of building a team and culture virtually. To create a sense of team, we hold daily, company-wide stand-ups to ensure everyone can stay on the pulse of the business. To create a connected tissue amongst our remote teams, we hold a quarterly off-site here in Seattle to bring the team together, drive the business forward, and of course, have some fun along the way. I'm extremely proud of the team we have built and excited for the momental change you will each continue to drive.

 

"Inspecting" my home during our last offsite with our new inspection software

 

Inspectify Partners:  Data-driven and challenging the status quo

I am thankful for the 50+ Inspectify partners that we get to work with every day. As a two and sometimes, three-sided marketplace, we have the opportunity to work with real estate agents and their brokerages, investors, iBuyers, lenders, and many more. Each shares a focus on expecting more from a dated process, one that creates exponentially more customer value and far more leverage out of a home's dataset. From our first partner, Flyhomes, to our newest, National Home Rentals, thank you for trusting us for your business.

I am also thankful for the over 1,500 inspectors that we partner with every month on inspections across the US and Canada. These are some of the most genuine and dedicated small business owners in the world. On our platform, we have a diverse group of inspectors, some only 1-2 years into their careers, others with 30+ years. Some run a small family business with their spouse and kids, others are multi-inspector firms covering multiple metros and even states. What ties them together is a focus on challenging the status quo and shared obsession with customer success.

 

Modern inspection software that unlocks more value from the home's data

 

Inspectify Investors: Betting on a better way of homeownership

Last, but not least, I want to thank our incredible investors here at Inspectify, both new and old. As mentioned earlier, we are partnering with Nine Four Ventures to lead our Series A and are excited to have Kurt Ramirez join our Board of Directors. I've had the opportunity to get to know Kurt, Paul, and Sophia over the better part of 12 months and cannot wait to dig in deeper with them.

We are also thankful for the consortium of VCs and strategic investors joining in the A including Foundation Capital, the HSB Fund of Munich Re Ventures, and Redfin as well as prominent PropTech founders/executives Chase Gilbert and Nichole Wischoff (Built Technologies), Guy Gal (Side), Josh Stech (Sundae), Tushar Garg (Flyhomes), and Darren Nix (Steadily), among others. Finally, I'm thankful for our earlier investors, those who bet on us when we were 1/25th the size we are now and were more of an idea than a business. Thank you for your trust and support in our vision.

 

As we look to 2022, I'm more bullish on Inspectify than ever before. We have an exceptional team building outstanding products with amazing partners and with support from some of the most prominent investors. It has been a wild ride over the past 12 months, but trust me when I say that we are only just getting warmed up.

 

Joshua Jensen

Written by Joshua Jensen