DocuSketch – a leading provider of process optimization solutions for the North American property restoration industry – recently announced a minority growth investment from Summit Partners. The new funding round will help DocuSketch support customers and partners and accelerate R&D investments, including integrating advanced AI applications into its product portfolio. DocuSketch management will retain majority ownership in the business.
Launched in 2019, DocuSketch provides a comprehensive, all-in-one solution purpose-built for the property restoration industry, featuring 360° documentation, automated scoping, sketching solutions, and estimating services. And the company’s solutions are used by over 20,000 restoration professionals and insurance adjusters in North America. Current customers include North America’s largest restoration contractors like ATI Restoration, Paul Davis Restoration and ServiceMaster; insurance carriers; as well as a large base of independent restoration companies.
DocuSketch currently processes over 40,000 insurance claims each month and to-date has helped streamline more than 750,000 restoration projects. Recently, the company introduced an innovative subscription service for insurance-compliant estimates and with this funding, DocuSketch is ready to unveil further digital solutions aimed at increasing transparency, eliminating bureaucracy, and promoting trust in the claims process.
KEY QUOTES:
“We are on a mission to radically transform restoration businesses with the most efficient and easy-to-use process optimization software. At a time when we are experiencing a higher frequency and severity of extreme weather events, DocuSketch aims to streamline the claims process and shortens response times, benefiting the businesses and homeowners impacted by these catastrophic events.”
— Ralf von Grafenstein, Founder & CEO of DocuSketch
“When a loss event occurs, speed and accuracy of damage assessment are paramount. DocuSketch’s solutions are designed to deliver on both of those needs, helping automate time-consuming and error-prone documentation processes and serving as a gateway to engage with reliable, expert services wherever and whenever needed. Our solutions have resonated with the market, and we believe Summit Partners’ investment and deep resources will help us execute on our extensive product roadmap to further empower restoration professionals.”
— Martin Merta, Managing Partner with DocuSketch
“Digital transformation in the home and commercial real estate markets has been a key focus area for Summit for several years, and we are thrilled to partner with the DocuSketch team as they work to modernize and automate critical processes in the property restoration industry. With a deeply experienced team who understands the challenges and nuances of the customer and solutions that are designed specifically to meet those needs, we believe DocuSketch is truly driving impact in the market.”
— Colin Mistele, Managing Director at Summit Partners who has joined the DocuSketch Board of Directors
