InspectHOA Garners $3.1M to Automate HOA Information
March 1, 2022
InspectHOA recently received $3.1 million during a seed funding round led by SVQUAD, with additional investment from Inventus Capital Partners, DevRev CEO and co-founder Dheeraj Pandey, as well as other prominent angel investors. This is the first outside investment in the company, which started operations in 2020.
InspectHOA facilitates thousands of transactions per month. Its clients include Better, EasyKnock, Endpoint, Homeward, Spruce, and others across the title, lender, and investor space.
The new capital comes at a pivotal time of growth for InspectHOA and will help fund new product development and hiring efforts to increase its market adoption and revenue.
“We constantly hear from our clients that HOAs not only extend the transaction time but involve complexity, numerous follow-ups and chasing of multiple parties,” said Vishrut Malhotra, co-founder and CEO of InspectHOA. “This creates risk and inefficiency— and ultimately can throw a transaction off track. We have the biggest HOA database in the industry, and we have a tech-enabled team that can quickly and efficiently chase down missing or new information.”
Scott Young, VP of Property Management at EasyKnock, added, “InspectHOA has been an instrumental partner in mitigating risk and creating efficiencies in our acquisition process. They are the solution to a historical problem that title companies and other vendors also face in every transaction. They consistently provide accurate and prompt service, proactively communicate, resolve issues completely, and recommend relevant process efficiencies and automations to create additional efficiencies.”
Contact ALTA at 202-296-3671 or firstname.lastname@example.org.