HOMEE, a direct repair network for the property and casualty (P&C) insurance sector, has raised $12m in its Series C funding round.

This fundraise was led by W.R. Berkley and included participation from new investor The Institutes and Sure, Inc.

Michael Nannizzi of W.R. Berkley will become a member of the HOMEE board as part of the deal.

With the latest funding, HOMEE’s total raised capital surpasses $75m.

The additional funds will be utilised to speed up the software development for the company’s AI Smart-Claim management platform.

This software aims to boost scalability by directly linking insurance carriers to HOMEE’s direct repair network across the US.

HOMEE CEO Doug Schaedler said: “Our AI-driven Smart-Claim technology continues to expand the scale for our business while delivering higher claim repair quality and cycle times for both the carrier and policyholder.

“Our technology automatically matches the right claim with the right service repair professional within minutes, driving an elevated policyholder experience.”

HOMEE also reported its fifth consecutive financial quarter.

The company reported a 15% increase in revenue and a 14% rise in claim assignments compared with the previous quarter.

Over the course of 2024, the company also expanded its nationwide repair coverage by more than 300%, now servicing over seven million homes in 38 US states.

Furthermore, the number of claims assigned to its direct repair network has seen a 250% surge since the first quarter of 2024.

HOMEE offers technology that facilitates connections between insurers, policyholders and skilled service providers throughout the claim life cycle.

The company is backed by insurance entities including Liberty Mutual, State Farm, The Hartford and Desjardins.