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Inspectify CEO Joshua Jensen (left) and Aloft CEO Travis Soukup. (LinkedIn Photos)
Inspectify, a Seattle startup that sells home inspection software, announced the acquisition of Aloft, another Seattle real estate startup that focuses on streamlining the appraisal process.
Terms of the deal, which was an all-cash transaction, were not disclosed.
Inspectify will add about 30 employees from Aloft to its headcount, which will reach 80 people after the deal.
The two companies collaborated over the past few years. Inspectify CEO Joshua Jensen noted how his company’s customers often ask about appraisals and other valuation services. Aloft, meanwhile, gets questions about inspection and underwriting services.
Now the combined company will offer inspection, underwriting, and valuation services under one roof to more than 300 existing clients.
“If you are an enterprise client with a large book of business, it’s easier to manage one vendor across multiple services vs. multiple vendors across a single service,” Jensen wrote in a blog post.
Aloft raised a $20 million round in 2021. The company is led by CEO Travis Soukup, a former Facebook manager who spent time at moving and storage company Clutter and real estate startup Modus (acquired by Compass). Soukup co-founded Aloft with Yongxing Deng, who left in 2023.
Founded in 2019, Inspectify has raised $23 million to date, including a $5.3 million round last year.
Inspectify grew gross profit by 90% in 2024 to nearly $12 million. The company expects to be cash flow positive this year, said Jensen, a former Flyhomes exec and a long-time residential real estate home flipper.
Inspectify has recently expanded beyond real estate to industries such as property management, construction lending, insurance and mortgage servicing.
The company is ranked No. 173 on the GeekWire 200, our list of the top Pacific Northwest tech startups.
