Halos Insurance, Inc.

Halos Insurance, Inc. is an innovative provider of home services, utilizing a streamlined app to connect homeowners with skilled professionals across multiple categories, ensuring quality and reliability. Halos Insurance, Inc. specializes in connecting homeowners with service professionals through its app.

Founded in 2018 in Washington, US, by Alexandra Fontova, Kim Taylor, and CEO Satadru Sengupta, the company has successfully completed 2 deals with its most recent funding round being a Seed round on December 3, 2020, led by Dundee Venture Capital and joined by B5 Capital. The total amount raised is USD 1. 7 mn. Halos Insurance offers a comprehensive home services and renovations app designed to streamline the process of hiring skilled service professionals for various household needs.

Operating on a "one-job, one-pro" model, the company matches homeowners with pre-vetted, top-tier service providers from its invite-only network. Halos’ core offerings encompass over 30 categories, including handyman services, plumbing, electrical work, HVAC maintenance, landscaping, and various renovation services. The app provides transparent pricing and emphasizes high-quality craftsmanship, serving over 3,000 homeowners across two major urban markets in the United States. Halos Insurance generates revenue through transaction fees associated with the services provided via its platform.

Homeowners submit requests through the app, where they are matched with appropriate service professionals who complete the jobs. The pricing structure is designed for transparency, allowing customers to understand costs upfront. Additionally, the company contributes a portion of its revenue to carbon offset initiatives, including tree planting for every job completed, while ensuring seamless transactions through direct payments made to service providers via the Halos platform. Halos Insurance plans to expand its service offerings and enhance its app functionality.

The recent Seed funding of USD 1. 7 mn raised on December 3, 2020, will be used to support the development of upcoming features and to improve user experience. The company is also targeting expansion into additional urban markets across the United States, aiming to increase its footprint by the end of 2022 with a focus on regions where demand for reliable home services is growing.