Pennsylvania, USA-based provider of technology and services for independent home inspection companies, iGo closed its Series A funding at USD 5.5 million. The round took place on July 19, 2023. Wasatch Equity Partners led the financing for the company. Ben Franklin Technology Partners, Allegheny Angel Fund, The West Virginia Jobs Investment Trust, Twenty Five Ventures, Mountain State Capital, and Hamilton Ventures also provided the investment. With the latest fundraise, the company’s total funding amounts to USD 10.5 million.
In addition, the company announced the strategic acquisitions of Repair Pricer and HomeBinder. As a part of the deal, Repair Pricer CEO Christian Adams intends to serve as iGo’s Chief Revenue Officer and Jack Huntress, CEO of HomeBinder, joins the company as Head of Consumer Products.
Purpose of funding and acquisition by iGo
With the latest acquisition, iGo aligns its vision of providing home inspectors with a seamless platform to manage their business and extending the value of a home inspection throughout home ownership.
In addition, InspectionGo has plans to enhance its service offerings to its community of home inspectors. It also aims to bring hundreds of jobs to Central Pennsylvania by 2026.
What the company’s official has to add
iGo Co-Founder and CEO John Russell said, “We are thrilled to welcome Repair Pricer and HomeBinder to the iGo family. The addition of their product offerings accelerates our strategy of giving the inspection community the ability to provide homeowners with valuable tools for managing their homes for as long as they own them. 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 Tyrone on the map as an emerging tech hub.”
What the investors have to add
Scott Stettler, Managing Director, Wasatch Equity Partners, further said, “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.”
About the company
Chad Hett, John Russell and Mark Wise launched the company in 2019. The company seeks to revolutionize the home inspection experience by uniting and equipping the community of home inspection companies with a modern technology platform.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
