PunchListUSA, a Charleston, SC-based provider of a real estate platform to digitize home inspection data for instant estimates and online ordering of home repair services, raised $39M in Series A funding.
The round was led by Sweetwater Private Equity and Morpheus Ventures with participation from Home Depot Ventures, Second Century Ventures, Palm Drive Capital, the Bielsky Family Office, IDEA Fund Partners, Meeting Street Capital, Solo Capital Management, VentureSouth, and a significant real estate operator and investor.
The company intends to use the funds to accelerate development of the consumer-facing platform and proprietary data infrastructure along with geographic expansion over the next two years.
Led by CEO Min Alexander, PunchListUSA provides an online real estate platform that digitizing national home inspection data to create instant repair estimates and online service orders for homeowners, brokers, and institutional investors. The platform is powered by proprietary technology and property data to deliver home repair, renovation and lifecycle services at scale through innovative products, process automation and direct integration with industry partners. Exclusive inspection data access will power end-to-end home lifecycle services and product offerings to homeowners through the PunchListUSA marketplace in its next phase of growth.
PunchListUSA currently operates in 14 major U.S. cities, employing nearly 100 full-time employees with plans to expand to over 30 markets through 2023. It currently supports over 150 national and regional broker partners and, since the third quarter of 2021, has added 25 new institutional partners including iBuyers, single-family rental property operators, and portfolio investors for renovation and maintenance services. In addition, PunchListUSA continues to build partnerships with inspection providers to increase the quality and accuracy of repair estimates for homebuyers.
The company is headquartered in Charleston, SC with new offices opening in Newport Beach, CA and Dallas, TX this year.
FinSMEs
27/07/2022