InspectionGo (iGo) – a leading provider of cutting-edge technology and services that helps independent home inspection companies be successful by unlocking the full value of home inspections for homeowners and real estate investors – recently announced it has closed a $5.5 million Series A funding round. And the company also announced the strategic acquisitions of Repair Pricer and HomeBinder, moving iGo closer to its vision of providing home inspectors with a seamless platform to manage their business and redefine the value of a home inspection.
Existing investor Wasatch Equity Partners led the Series A. And the acquisitions were all-stock transactions, reinforcing the confidence of Repair Pricer and HomeBinder’s investors in the partnership iGo has forged with the inspector community and the company’s long-term vision.
Along with enhancing iGo’s service offerings to its growing community of home inspectors who perform an estimated one million home inspections annually, the funding round and acquisitions will bring hundreds of jobs to Central Pennsylvania by 2026.
Repair Pricer utilizes AI and national language processing to turn any inspection report into an accurate home repair estimate. And since 2016, homeowners in nearly 42,000 ZIP codes throughout the U.S. have used Repair Pricer to generate more than 1.1 million home repair estimates to gain assurance they are receiving a fair price.
Offered by a network of 9,000 professionals to over 450,000 homeowners nationwide, HomeBinder is a residential home management platform that allows homeowners to manage their homes at their fingertips. And through HomeBinder, homeowners have a centralized location to store valuable home documents, set up home improvement projects and maintenance reminders, stay up-to-date on appliance recalls, access a network of recommended service providers, and maintain records of their personal property.
As part of the acquisitions, iGo has strengthened its leadership team. Repair Pricer CEO Christian Adams will serve as iGo’s Chief Revenue Officer and Jack Huntress, CEO of HomeBinder, joins the company as Head of Consumer Products. Both are newly created positions.
Since being founded in 2019, iGo has focused on building a community that empowers inspectors to operate more efficiently while offering buyers and their agents a better experience. iGo’s Repair Pricer and HomeBinder acquisitions add to the company’s comprehensive suite of existing solutions. These offerings include Keystone, a plug-and-play back office platform; access to coaching, marketing, and management resources through the iGo Community; and iGo Academy, which provides a steady stream of highly trained home inspectors to the inspector community.
The Series A funding round brings iGo’s total funding to $10.3 million. Along with Wasatch, Ben Franklin Technology Partners, Allegheny Angel Fund, The West Virginia Jobs Investment Trust, Twenty Five Ventures, and Hamilton Ventures have shown their commitment to iGo through early-stage investments.
KEY QUOTES:
“We are thrilled to welcome Repair Pricer and HomeBinder to the iGo family. The addition of their product offerings accelerate our strategy of giving the inspection community the ability to provide homeowners with valuable tools for managing their home for as long as they own it.”
“We also couldn’t be more appreciative of the confidence that Wasatch and our other investors have placed in us. They not only share our vision for giving home inspection a new meaning, but they also are committed to bringing more employment and economic opportunities to our local community and putting Tryone on the map as an emerging tech hub.”
— iGo Co-Founder and CEO John Russell
“With this new series of funding we are unlocking new opportunities to impact a growing market in a unique way. Through these newly announced strategic acquisitions we anticipate an offering of services like never before seen in the space that captures AI technology and tools that brings home inspection services to the forefront of innovation for homeowners. Our commitment to the growth and future of the business remains stronger than ever,”
— Scott Stettler, Managing Director, Wasatch Equity Partners
