US-based domestic services marketplace Homee has completed a $15m series B round featuring plumbing supplies distributor Ferguson Enterprises and insurance firms Liberty Mutual, The Hartford and State Farm.
The round was led by venture capital firm Forte Ventures and also featured multi-corporate venturing fund Engage as well as Activate Capital Partners, Florida Funders and Deepwork Capital.
Liberty Mutual, State Farm and Ferguson participated in the round through subsidiaries Liberty Mutual Strategic Ventures, State Farm Ventures and Ferguson Ventures. It doubled the company’s overall funding to almost $30m.
Founded in 2016, Homee operates an online platform that connects customers to a range of qualified service providers covering areas such as plumbing, electrical maintenance, heating, ventilation and air conditioning (HVAC) repair.
The company will put the series B proceeds into expanding into additional US markets, and Forte Ventures will take a seat on its board of directors.
Doug Schaedler, co-founder and CEO of Homee, said: “This financing round is especially exciting for the Company as we are pleased to have the participation of three innovative leaders within the insurance industry and Ferguson, the world’s leading distributor of plumbing products and a major HVAC distributor.
“We look forward to working with all our new strategic partners and servicing their home improvement needs across the country.”
Homee secured $11m in a June 2018 series A round led by Activate Capital Partners and backed by Engage, hardware retailer Home Depot, Florida Funders, Fan Fund and Bialla Venture Partners.
