Home maintenance platform Dobby secures $1.7 million
Summary
Dobby , an AI-powered home maintenance platform, announced it has raised $1.7 Million in a Seed round led led by Dundee VC with B5 Capital, the family office of Mark Bailey, founder/ partner at DFJ Growth; Jeremy Achin, co-founder/CEO at DataRobot; Maury Devine, board member at ConocoPhillips and early investor in Sweetgreen; and Andrew Macdonald, head of Uber Mobility as other major participants. I chose home maintenance because this $400B industry has not had a tech makeover for more than a decade and suffers terribly low NPS across the board. An AI-first design has helped Dobby increase operational efficiencies, lower costs, and flip the business model in the home maintenance industry. Existing maintenance marketplaces squeeze profit margins from service providers by selling them leads and creating artificial competition. With this new funding, Dobby will continue expanding operations in this region and building the playbook for geographic expansion by mid 2021.