Captain provides rapid funding for home repairs after natural disasters by advancing payments directly to contractors, enabling project completion in 30 days compared to the industry average of 150 days. This approach alleviates the delays associated with insurance claims, allowing homeowners to restore their properties quickly and efficiently.
Funding
$107M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Homeowners face significant delays in receiving funds for home repairs following natural disasters due to slow insurance claim processing. This delay can extend the repair and rebuild process, causing prolonged disruption and hardship for affected homeowners.
Solution
Captain provides expedited funding for homeowners to facilitate faster home repairs after natural disasters. By advancing payments directly to contractors, Captain enables repair projects to be completed in approximately 30 days, significantly faster than the industry average. Captain also manages the relationships between contractors and insurers, provides payment plans for deductibles, and offers extended warranties on home repairs. The platform streamlines the disaster recovery process by quickly evaluating claims, distributing capital, and processing data at scale.
Target Audience
Captain primarily serves homeowners affected by natural disasters who require immediate funding for home repairs, as well as contractors specializing in home restoration services.
Features
- Rapid claim funding in 72 hours or less, accelerating the repair process.
- Mobile app to manage payments to salespeople, subcontractors, and others.
- Legal paperwork to protect all parties involved in the repair process.
- Cost tracking for materials, supplies, and labor.
- Management of the relationship between the homeowner's contractor and insurer.
- Payment plans for homeowner deductibles.
- Extended warranties on home repairs.