AAA Home Depot meets Homee in $11m round

Home Depot meets Homee in $11m round

Homee, a US-based on-demand property maintenance platform, completed a $11m series A round on Tuesday that included hardware retailer Home Depot.

Venture capital firm Activate Capital Partners led the round, which also featured Engage, a VC fund backed by 11 corporations including Home Depot, as well as Florida Funders, Fan Fund and Bialla Venture Partners.

Homee runs an on-demand service for home maintenance and repairs which are carried out by its network of screened technicians and handymen. It claims that new requests for work get accepted in less than a minute on average.

The round boosted the company’s overall funding to $15m, it said, and it intends to now grow its vendor network throughout the US. Florida Funders led Homee’s $2.8m seed round in June 2017 with a $760,000 investment.

Homee’s co-founder and CEO, Doug Schaedler, said: “The new investment from Activate Capital Partners and The Home Depot is integral to Homee’s growth, and we are pleased to have them involved with Homee.”

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