InspectionGo (iGo), a Tyrone, PA-based technology and services provider for independent home inspection companies, closed a $5.5 million Series A funding round led by existing investor Wasatch Equity Partners, bringing its total funding to $10.3 million.
Ben Franklin Technology Partners, Allegheny Angel Fund, The West Virginia Jobs Investment Trust, Twenty Five Ventures, Mountain State Capital, and Hamilton Ventures, also participated in the round.
The company also announced its strategic acquisitions of Repair Pricer and HomeBinder, aligning with iGo's vision of providing home inspectors with a seamless platform to manage their business and extending the value of home inspections throughout homeownership.
In addition to enhancing iGo's service offerings to its growing community of home inspectors who perform an estimated one million home inspections annually, the capital raise and acquisitions will bring hundreds of jobs to Central Pennsylvania by 2026.
"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 home for as long as they own it," iGo Co-Founder and CEO John Russell said.
As part of the acquisitions, iGo has strengthened its leadership team. Christian Adams, CEO of Repair Pricer, will serve as iGo's Chief Revenue Officer, while Jack Huntress, CEO of HomeBinder, will join the company as Head of Consumer Products.
Company: InspectionGo, Inc.
Raised: $5.5M
Round: Series A
Funding Month: July 2023
Lead Investors: Wasatch Equity Partners
Additional Investors: Ben Franklin Technology Partners, Allegheny Angel Fund, The West Virginia Jobs Investment Trust, Twenty Five Ventures, Mountain State Capital, and Hamilton Ventures
Company Website: https://inspectiongo.com/
Software Category: Inspection Software
About the Company: Founded in 2019 by John Russell, Mark Wise, and Chad Hett, InspectionGo is a home inspection company on a mission to revolutionize the home inspection experience by uniting and equipping the community of home inspection companies with a modern technology platform. Since its founding, iGo has focused on building a community that empowers inspectors to operate more efficiently while ensuring that they offer buyers and their agents a better experience.
Source: https://inspectiongo.com/2023/07/19/inspectiongo-igo-announces-5-5-million-series-a-and-the-acquisitions-of-repair-pricer-and-homebinder/