Participated · Seed · Mar 2018

Streem builds augmented-reality smartphone tools that let home-service professionals stream HD video of a customer's issue and use a digital toolbox to take measurements, annotate, and save photos, videos and notes. Its computer-vision features can automatically detect brand and model numbers, and the app supports a laser pointer and arrows anchored to a 3D map of the space, running on Apple's ARKit. The company charges professionals a monthly fee starting at $19 while consumer use is free, and it has partnerships with HomeAdvisor and Porch to attract service professionals. CEO Ryan Fink has expressed broader ambitions to open Streem to many customer-support verticals beyond home services. Streem hired former LiquidPlanner CEO Liz Pearce as chief revenue officer, and during a pitch said it was on pace for $100,000 in monthly recurring revenue by the end of 2018 with potential to triple the following year. The company disclosed an additional $6.8 million in funding via an SEC filing and said the new cash is part of a larger round, though it declined to provide further details. Streem’s mobile platform leverages augmented reality, computer vision and machine learning to let users capture brand, model and serial numbers, take measurements, save notes and record HD video through a digital toolbox. The product is aimed at connecting home-service professionals to customers via on-demand intelligent video and is offered as Streem Pro with a free trial; the app is available in the Google Play and Apple App stores. The company raised additional seed funding to accelerate growth into the $400 billion home services market. Streem announced a new Board of Advisors including Serge Belongie, Christopher Croteau, Eric Doebele and Joseph Tou to support product and go-to-market strategy. The company is led by CEO and co-founder Ryan Fink and is based in Portland, Oregon. Streem raised seed funding to develop a mobile platform that connects home service professionals to consumers with on-demand video streaming and a digital toolbox. The company uses augmented reality, computer vision and machine learning to help professionals diagnose, quote and perform repairs and remodels. Platform features include on-demand cross-platform video calling; a digital toolbox for measurements, notes and anchored laser-pointer/arrow annotations on a 3D map; computer-vision identification of objects, brands, models and serial numbers; and video, image and 3D data capture. Streem plans to use the funds to accelerate product development, grow strategic partnerships, bolster marketing initiatives and expand its team. The company is led by CEO and co-founder Ryan Fink and COO Jef Holove and is based in Portland, Ore. No operating metrics or prior financing details were disclosed in the article.