Westhill Global – a technology company that provides an end-to-end digital experience for managing repairs following a property claim – announced recently a $13.5 million preferred round of funding led by a large strategic investor. This funding round also included existing investors Eos Venture Partners, Luge Capital, and NYCA Partners.
Westhill is gaining a strong position in the $50 billion managed repair market by enabling property owners to connect and work with top-quality contractors to quickly recover after a property loss while cutting costs to insurance carriers. And the investment follows record growth at Westhill during 2022 – which has been a difficult economic environment in which many private companies have found it challenging to raise capital.
This latest funding round will help Westhill continue to achieve exceptional growth and provide customers and partners with new features and enhancements to streamline the property claims and repair experience and support the company’s path to profitability.
KEY QUOTES:
“This funding confirms that our new and existing investors believe that we are solving key problems in the journey to get property owners back to normal after suffering a property loss. By working with our insurance carrier partners and contractor network, all while continuing to innovate with our best-in-class technology platform, we are driving significant growth in value for stakeholders. As we expand our relationships with top insurance carriers and continue to build our team, we will remain focused on delivering the best customer experience—one that is transparent and easy for both residential and commercial property owners across the U.S.”
— Kevin Reilley, CEO of Westhill
“Having led the Series A investment in Westhill in 2019, we are more excited than ever about the technology and ecosystem that Westhill has built, and are thrilled that they are proving value in the market. With this additional investment, they will continue to innovate and push boundaries in the property repair space for the benefit of carriers, contractors and property owners.”
— Jonathan Kalman, Founding General Partner, Eos Venture Partners
