Real estate & property tech Venture

Exclusive: Handdii Raises $3M Seed Round For Property Claim Management

Property claim management platform Handdii has raised $3 million in a seed round led by Brick and Mortar Ventures, the company told Crunchbase News.

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Handdii’s software works between insurance companies and vetted contractors, partnering with insurance companies like Hippo Insurance and Allianz. The company typically handles small claims — usually around the $20,000 mark. 

As CEO Christie Downs put it, the company targets claims for the small headaches like a roof leak that can be a big headache with insurance companies.

“If you think about all the parties in a property claim, there’s the insurance company, the homeowners and the contractor. And then there can be other parties like independent adjusters and attorneys,” said Downs in an interview with Crunchbase News. “It can be a cumbersome manual process … so we made software to make it more streamlined.”

Downs has a background in construction, while co-founder Kathryn Wood’s background is in insurance. The two came together to digitize the property claim process, launching Handdii in Australia in 2019.

Nine Four Ventures also participated in the seed round, along with Australia’s Scale Investors and Fifty-Second Celebration. 

With the new funding, the company plans to invest in the product, with several integrations in the works, and in expanding across the United States, Downs said. Handdii plans to expand to six states in the United States by the end of the year, and expand in Australia as well. It’s currently available in the U.S. in cities across California, Texas and Ohio (which launched this week). The company will be in Georgia next.

“There’s a solid business there, it’s only going to be growing,” Brick and Mortar Managing Director Darren Bechtel said in an interview. “And there’s also the ability to expand into commercial multifamily property management companies. The growth is overwhelming.”

Handdii last raised money with a $1.9 million seed round led by Scale Investors in August 2019, per Crunchbase data. 

Illustration: Li-Anne Dias

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