What is Hearth?
Hearth operates within the financial technology industry, providing essential services 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 contractors and service providers. Headquartered in San Francisco, California, Hearth is positioning itself as a key player in facilitating financial transactions within the home improvement market.
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 Human Capital, Plug and Play, 8VC, and Colchis Capital Management
Series B (2021): $23M led by SuRo Capital, Human Capital, Barry Sternlicht, Jay Levine, and 8VC
Key Investors in Hearth
Human Capital
Human Capital is an investment firm that has participated in Hearth's funding rounds, suggesting a focus on companies within the financial technology or enterprise software sectors.
8VC
8VC is a venture capital firm known for investing in visionary teams and industry-transforming companies, particularly in smart enterprise platforms across various sectors including financial services.
SuRo Capital
SuRo Capital is a publicly traded investment fund that focuses on high-growth, venture-backed private companies, indicating an interest in scaling fintech businesses like Hearth.
What's next for Hearth?
With its recent major strategic investment, Hearth is poised for accelerated growth and market penetration. The company's focus on providing integrated financial solutions for home improvement professionals suggests a strategy aimed at capturing a larger share of this niche market. Future developments are likely to involve expanding its service offerings, enhancing its digital platform, and potentially exploring new vertical markets within the broader home services industry. The enterprise-level backing indicates confidence in Hearth's business model and its potential for significant scale.
See full Hearth company page
