SmartAC.com secures funding to expand HVAC and plumbing platform
Houston-based startup SmartAC.com has recently secured fresh funding to expand its HVAC and plumbing platform. The funding was led by local investor Mercury Fund, although the exact amount raised has not been disclosed. However, an October filing with the U.S. Securities and Exchange Commission (SEC) revealed that SmartAC.com aimed to raise $8.2 million in venture capital. As of the filing, the company had already raised about $4 million, leaving around $4.2 million still to be raised.
SmartAC.com’s platform offers a customer loyalty management system for contractors in the HVAC and plumbing industries. Through advanced sensors, AI-driven diagnostics, and proactive alerts, contractors can monitor, manage, and optimize their maintenance memberships. According to SmartAC.com’s founder and CEO, Josh Teekell, the key to success in the trades is customer loyalty, which is driven by enhancing the customer’s experience. The platform is designed to improve home comfort by providing data-driven insights that benefit both homeowners and contractors.
The additional funding will enable SmartAC.com to expand its platform, particularly in light of increasing consumer demand for “smart home” innovations. Heath Butler, a partner at Mercury Fund, noted that SmartAC.com is addressing the need for more sophisticated technology in HVAC and plumbing industries through its innovative approach.
SmartAC.com previously raised a $10 million series A round in 2020 and a $22 million series B round in 2023. This latest round is set to propel the startup further in its mission to revolutionize the HVAC and plumbing industries with its technology-driven solutions.
