Post Detail

Seattle-based home-inspection services startup Inspectify raised $5.3 million in new funding.

Founded in 2019, the company provides inspection software and a booking platform for home, property, and rental inspections. It aggregates data from each inspection and aims to replace static PDF reports.

The startup serves about 250 enterprise clients across real estate brokerages and investors, property managers, construction lenders, insurance carriers, and mortgage services.

Inspectify has raised $23 million to date and employs 59 people.

Co-founder and CEO Josh Jensen provided some additional company updates and highlights in an email exchange with GeekWire on Wednesday:

• The fresh cash came predominantly from Munich Re Ventures, which previously invested in Inspectify’s Series A. The firm becomes the startup’s largest external shareholder and Managing Director Matt McElhattan, who has been a board observer for the past few years, will become a full Inspectify board member.
• Jensen said “business is starting to pick up steam in segments outside of the real estate transaction” and Inspectify is forecasted to end the year with twice the annual revenue/gross profit compared to last year.
• Jensen said Inspectify is forecasting to become cash flow positive next year.

Jensen is a former Flyhomes exec and a long-time residential real estate home flipper. He is joined by CTO Denis Bellavance, who previously co-founded meal delivery startup Peach and spent time at Zillow, Loftium, and Amazon.