Inspectify, a property inspection and underwriting platform, has secured $5.26 mn in funding, led by Munich Re Ventures.
Inspectify makes it simple for consumer and large-scale clients to book an inspection. “We’ll collect all of the details, including occupancy status, access information, scheduling availability and any other important details. Then, based on available services, service area and price, we’ll reach out to an inspector partner with the job offer. Jobs come to you completely ready to go, all you need to do, is inspect“, startup says.
The latest round pushes the company’s total funding to around $23 mn, fueling its efforts to modernize inspection processes for sectors like real estate, lending, property management, and insurance.
Munich Re Ventures’ significant investment underscores confidence in Inspectify’s innovative approach to property assessment. As its largest external shareholder, Munich Re Ventures gains a Board seat through Managing Director Matt McElhattan. This partnership aims to advance solutions addressing new challenges in property risk assessment.
Inspectify is a venture-backed, vertically-integrated technology platform in the property inspection space.
Inspectify streamlines the home inspection experience for real estate agents and their clients through its network of 6,000+ inspectors and proprietary inspection software, including a mobile inspection app.
Partners use Inspectify to add efficiency and speed to their transactions, as well as to gain insight into the true condition of a property and its potential ROI.
Inspectify has grown beyond its initial focus on real estate to serve industries like construction lending and insurance
Matt McElhattan, Managing Director at Munich Re Ventures
“Their use of automated intelligence ensures standardised, high-quality inspections, regardless of the inspector, which is a game-changer for enterprise customers,” said Matt McElhattan.
“We’re excited to expand our collaboration with Munich Re Ventures and Hartford Steam Boiler to support property and casualty carriers,” said Josh Jensen, Co-founder and CEO of Inspectify.
With extreme weather increasing and replacement costs rising, real-time property data has become critical for insurers. Our platform is built to provide exactly that
Josh Jensen, Co-founder and CEO of Inspectify
The funding will accelerate Inspectify’s platform development, expanding services for Hartford Steam Boiler’s clients and launching an Inspection Warranty—the first embedded warranty of its kind.
This feature gives homeowners added confidence in property evaluations.
Leveraging advanced software and a vast network of inspectors, Inspectify continues to streamline property inspections, helping clients manage risk more effectively.
