InspectHOA, a San Francisco, CA-based provider of tools to automate homeowners association (HOA) information for Title Cos., lenders, and investors, raised $3.1m in seed funding.
The round was led by SVQUAD, with participation from Inventus Capital Partners, DevRev CEO and co-founder Dheeraj Pandey, and other angel investors including Rahul Chaudhary (Co-founder of Treebo Hotels), Tushar Garg (Co-founder and CEO of Flyhomes), Elvin Guri (Managing Partner and CEO of Empower Capital), Kanav Hasija (Co-founder of Innovaccer), Karan Kumar (Director Sales at Talend), Oktay Kurbanov (Partner at Climate Finance Partners), Nitin Malhotra (Board Member at IIT BHU), Hristo Manov (Chairman of the Board of Teach For Bulgaria), Plamen Monovski (Director at Ledger Capital).
The new capital will enable InspectHOA for new product development and hiring efforts to increase its market adoption and revenue.
Launched in 2020, by Vishrut Malhotra (CEO), Anton Tonev (Head of Business Development), and Atin Hindocha (Head of Operations), InspectHOA provides a mix of industry expertise and technology to take care of the entire HOA process, allowing title companies, lenders, and institutional investors to close on time and create succesful outcomes for their clients. The company facilitates thousands of transactions per month. Its clients include Better, EasyKnock, Endpoint, Homeward, Spruce, and others across the title, lender, and investor space.
InspectHOA, which plans to launch solutions for HOAs in the first half of 2022, also has a presence in the US, Bulgaria, and India.
FinSMEs
03/03/2022