HomeX

Comprehensive home repair and maintenance services

Chicago, Illinois, United States

About HomeX

HomeX provides a range of home repair services designed to assist homeowners with maintenance and repair needs. The company offers two main services: virtual technical assistance and in-home repair services. Through the Remote Assist service, clients can connect with a technician via call or video chat to receive expert advice and troubleshooting, which helps save time and costs. If the issue cannot be resolved virtually, HomeX can arrange for an in-home visit to ensure the problem is addressed effectively. HomeX's pricing is flexible, tailored to the specific project, allowing clients to pay only for the services they require. This approach makes HomeX different from competitors by combining virtual support with the option for in-person assistance, creating a seamless experience for homeowners. The goal of HomeX is to simplify the home repair process, making it more accessible and less frustrating for homeowners.

Chicago, IllinoisHeadquarters
2017Year Founded
$87.5MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Consumer Software, Consumer GoodsIndustries
51-200Employees

Benefits

Competitive compensation packages
Equity
Performance-based incentives
Competitive benefits

Risks

Competition from tech giants like Amazon could threaten HomeX's market share.
Rising labor costs may impact profitability, especially with in-home repair service expansion.
Consumer privacy concerns could lead to regulatory scrutiny of Remote Assist services.

Differentiation

HomeX offers both virtual and in-home repair services, providing comprehensive solutions.
Remote Assist allows expert guidance through video, call, or chat, reducing the need for visits.
Flexible pricing model caters to a wide range of budgets and project complexities.

Upsides

Raised $90M to expand services across North America, enhancing growth potential.
Increased demand for virtual home services due to remote work trends boosts market opportunity.
Advancements in AI enable HomeX to offer proactive and efficient predictive maintenance solutions.

Funding

Total raised$87.55 M
StageGROWTH_EQUITY_VC
GROWTH EQUITY VC
3/31/2021
$90