202319 Jul

InspectionGo (iGo) Announces $5.5 Million Series A and the Acquisitions of Repair Pricer and HomeBinder

Summary

The acquisitions were all-stock transactions, reinforcing the confidence of Repair Pricer and HomeBinders investors in the partnership iGo has forged with the inspector community and the companys long-term vision.In addition to enhancing iGos 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. 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.Russell added, "We also couldnt 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. Both are newly created positions.Since its founding in 2019, 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. Our commitment to the growth and future of the business remains stronger than ever," Scott Stettler, Managing Director, Wasatch Equity Partners said.The Series A raise brings iGos total funding to $10.3 million.

Source: Prnewswire

Funding

$5.5M
Amount
Jul 19 2023
Date
-
Investor
iGoInspectors
Company

Classifications

Companies