Property claim management platform has raised $3 million in a seed round led by , the company told 附近上门 News.
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Handdii鈥檚 software works between insurance companies and vetted contractors, partnering with insurance companies like and . The company typically handles small claims — usually around the $20,000 mark.聽
As CEO put it, the company targets claims for the small headaches like a roof leak that can be a big headache with insurance companies.
鈥淚f you think about all the parties in a property claim, there鈥檚 the insurance company, the homeowners and the contractor. And then there can be other parties like independent adjusters and attorneys,鈥 said Downs in an interview with 附近上门 News. 鈥淚t can be a cumbersome manual process … so we made software to make it more streamlined.鈥
Downs has a background in construction, while co-founder 鈥檚 background is in insurance. The two came together to digitize the property claim process, launching Handdii in Australia in 2019.
also participated in the seed round, along with Australia鈥檚 and Fifty-Second Celebration.聽
With the new funding, the company plans to invest in the product, with several integrations in the works, and in expanding across the United States, Downs said. Handdii plans to expand to six states in the United States by the end of the year, and expand in Australia as well. It’s currently available in the U.S. in cities across California, Texas and Ohio (which launched this week). The company will be in Georgia next.
鈥淭here鈥檚 a solid business there, it鈥檚 only going to be growing,鈥 Brick and Mortar Managing Director said in an interview. 鈥淎nd there鈥檚 also the ability to expand into commercial multifamily property management companies. The growth is overwhelming.鈥
Handdii last raised money with a $1.9 million seed round led by in August 2019, per 附近上门 data.聽
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