AUSTIN, TX, Hearth, a financial technology platform for the American craftsman, announced it secured $23 million in Series B funding.
This latest round of funding allows the company to enable more home improvement professionals with digital financial services, powering an industry that generates over $100 billion in annual revenue.
The funding round is led by Human Capital, a San Francisco-based venture firm. Other investors include 8VC, Suro Capital, Jay Levine, Barry Sternlicht and The Chainsmokers. This is in addition to a $28 million round the company previously raised from investors like 8VC, Founders Fund and Goldcrest Capital since starting the business four years ago.
Hearth is a fintech company helping home improvement contractors grow and manage their businesses. Its SaaS platform provides tens of thousands of contractors nationwide with the financial tools they need to close more business, including financing solutions, invoicing, payment collections, insurance products and more-all in one modern system designed specifically for the home improvement industry. Hearth is helping to bring an industry generating over $100 billion in annual revenue into the digital economy.
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