Female-led Handdii raises $1.5m led by Scale Investors
Australian tech platform Handdii, which connects insurance companies to property repair contractors, has raised $1.5 million in seed funding, reports Jane Connolly.
The round was led by angel network, Scale Investors, which focuses on high growth women-led tech companies. Also participating in the round were Greenlight Re Innovations, returning investor, Charles Robinson and Associate Professor, John McBain at the Women’s Hospital.
Founded in Melbourne by Kathryn Wood and Christie Downs, Handdii simplifies the repair process for property claims. Insurance companies can digitally pair customers with contractors, setting up appointment times and offering assistance within minutes.
The platform offers greater transparency and helps insurance companies to manage cost containment.
“Our network of angel investors, with a strong background across actuarial and financial services disciplines, quickly recognised the capabilities of the compelling Handdii team and are delighted to support their further global insurance growth story,” says Ariane Barker, CEO of Scale Investors.
The company is supported by the Australian Government Department of Industry, Innovation and Science with a commercialisation grant through the Entrepreneurs’ Programme and was part of the Hartford InsurTech Hub, USA cohort of 2019.
A pre-seed funding round took place in December 2017. Handdii has since expanded into Adelaide and Sydney.
The latest funding will be used to enhance broker and landlord functionality and drive further growth.