Home repair service Keepe lays off staff as economic uncertainty spooks startups – GeekWire

CEO of Keepe, Rishi Mathew. (Photo by GeekWire file)

Over the past year, the start of the home repair market keep tripled its corporate customer base and increased work order volume by 200%.

Still, the Seattle-based company recently laid off employees as rising inflation and other macro factors push tech startups to cut spending.

CEO of Keepe Rishi Mathew confirmed the cuts to GeekWire but declined to provide specific numbers. The company has 36 employees, according to LinkedIn.

Keepe is the latest startup to downsize. Technology companies cut more than 15,000 jobs last month. This week, GeekWire reported layoffs at trucking market startup Convoy and cannabis retail software provider Dutchie.

Venture capitalists are advising tech companies to cut spending and expand their cash trails.

“While we had to go through some difficult personnel changes a few weeks ago, it has allowed us to ensure that Keepe is well positioned to navigate the growing uncertainty in global markets,” Mathew told GeekWire.

Mathew co-founded Keepe with his colleagues at RealNetworks in 2016. The startup connects home repair technicians with property managers and other real estate companies that service homes and apartments. He has raised $8 million to date, including a $5 million round last year.

“We remain convinced that the B2B home service industry is ripe for disruption with the type of machine learning/automation-based value-added service that Keepe provides,” Mathew said. “The momentum we’ve had over the past 12 months is proof of that.”

Margie D. Carlisle