What is Hearth?
Hearth operates within the financial technology landscape, specifically catering to tens of thousands of home improvement professionals. The company's core offerings include simplified customer financing solutions and digital payment collection tools, designed to streamline operations for businesses in this sector. Headquartered in San Francisco, California, Hearth is positioned to address key financial management challenges faced by contractors and service providers.
How much funding has Hearth raised?
Hearth has raised a total of $39.1M across 2 funding rounds:
Series A
$16.1M
Series B
$23M
Series A (2020): $16.1M with participation from 8VC, Colchis Capital Management, Human Capital, and Plug and Play
Series B (2021): $23M led by SuRo Capital, Human Capital, Barry Sternlicht, Jay Levine, and 8VC
Key Investors in Hearth
SuRo Capital
SuRo Capital is a publicly traded investment fund focused on high-growth, venture-backed private companies, aiming to provide investors access to emerging private companies through its stock.
Human Capital
Human Capital is a PEO offering payroll, HR, and benefits administration to businesses, aiming to simplify administrative processes and mitigate risks for enhanced efficiency.
8VC
8VC is a technology investment firm backing visionary teams and industry-transforming companies, with partners having a strong track record as founders and operators.
What's next for Hearth?
The substantial enterprise-level capital infusion positions Hearth for accelerated scaling and further innovation in its service offerings. This strategic backing is expected to fuel expansion into new markets, enhance its technological infrastructure, and potentially broaden its suite of financial tools for home improvement professionals. The company's focus on simplifying financing and payment processes suggests a continued emphasis on user experience and operational efficiency for its clientele, aiming to solidify its market leadership.
