What is Hearth?
Headquartered in San Francisco, Hearth operates as a specialized fintech platform designed to empower home improvement professionals. By integrating customer financing solutions with streamlined digital payment collection, the company addresses critical friction points in the contractor-client relationship. Its market position is defined by its ability to provide enterprise-grade financial services to a fragmented industry, effectively digitizing the point-of-sale experience for thousands of service providers across the United States.
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 Colchis Capital Management, Human Capital, Plug and Play, and 8VC
Series B (2021): $23M led by SuRo Capital, Human Capital, 8VC, Barry Sternlicht, and Jay Levine
Key Investors in Hearth
SuRo Capital
A publicly traded investment fund that focuses on high-growth, venture-backed private companies through a disciplined, repeatable investment strategy.
Human Capital
A professional services firm providing comprehensive administrative, payroll, and HR solutions to help businesses accelerate growth and operational efficiency.
8VC
A prominent technology investment firm that backs visionary teams building smart enterprise platforms across sectors like financial services and healthcare.
What's next for Hearth?
With the recent influx of capital, Hearth is well-positioned to scale its operations and deepen its product ecosystem. The company is expected to focus on enhancing its underwriting algorithms and expanding its reach within the home services sector. By leveraging its current financial backing, Hearth aims to solidify its role as the primary financial operating system for contractors, potentially exploring new verticals or deeper integrations with existing home improvement software suites to maintain its competitive edge in the evolving fintech landscape.
See full Hearth company page
