DocuSketch, a US-based provider specializing in process optimization solutions for the North American property restoration industry, has received a minority growth investment from Summit Partners. Colin Mistele, Managing Director at Summit Partners, is now a member of the DocuSketch Board of Directors. Noteworthy investors, including Liquid Partners, will continue their support as DocuSketch enters its next phase of growth.
The newly acquired capital is earmarked to bolster customer and partner support, as well as to expedite research and development investments. This includes the integration of advanced AI applications into its existing product portfolio. It’s important to note that DocuSketch’s management will maintain majority ownership in the business.
Founded in 2019 by Ralf von Grafenstein, CEO, DocuSketch provides a purpose-built, all-in-one solution for the property restoration industry. The platform encompasses 360° documentation, automated scoping, sketching solutions, and estimating services. Currently, the company’s solutions are widely utilized by over 20,000 restoration professionals and insurance adjusters throughout North America. Major clients include ATI Restoration, Paul Davis Restoration, and ServiceMaster, among others. DocuSketch processes over 40,000 insurance claims monthly, having streamlined more than 750,000 restoration projects to date. A recent addition to their offerings is an innovative subscription service for insurance-compliant estimates.
——————————–
If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com
By Proptechbuzz
By Ravi Kumar