Extension equity round to aid SmartAC.com in scaling customer loyalty platform for HVAC & plumbing contractors, transforming the way homeowners experience comfort
SmartAC.com’s growth coincides with the surging financial interest in HVAC and home services sectors
HOUSTON, TX – December 16, 2024–SmartAC.com (the “Company”), a leader in customer loyalty management for contractors, today announced an extension fundraise led by Mercury Fund, with follow on participation from existing investors. The additional capital will enable SmartAC.com to expand its platform and scale operations to further meet the growing demand for technology and data-driven solutions in the trades. SmartAC.com’s growth comes alongside industry consolidation and a rapidly evolving technological landscape for service providers across the U.S. The HVAC and plumbing trades are experiencing a surge in homeowner demand for smart, connected solutions to facilitate energy efficiency, cost savings, and healthier living environments. SmartAC.com’s platform enables contractors to sell Smart Maintenance® plans to differentiate their brand offerings and nurture customer relationships remotely.
Founded in 2019, SmartAC.com allows contractors to monitor, manage, and optimize their HVAC and plumbing maintenance memberships through advanced sensors, AI-driven diagnostics and proactive alerts. The Company utilizes the 24/7 data feed from critical home systems to enable a proactive approach while offering homeowners more transparency in the process. By promptly identifying and handling repairs, contractors are able to help consumers avoid loss of comfort, fostering long-term homeowner loyalty and trust. Contractors offer a streamlined experience through their own white-labeled app while helping promote healthier home environments for their customers.
SmartAC.com has partnered with some of the most prestigious brands in the industry, enabling them to offer Smart Maintenance plans that achieve a 97% annual membership retention rate.
“Growing a business in the trades is all about customer loyalty, and loyalty is driven by optimizing the customer’s experience.” said Josh Teekell, Founder and CEO of SmartAC.com. “SmartAC.com was built to perfect the experience of home comfort through data-driven insights that bring long-term value to homeowners and contractors alike. We are thankful to our investors for their belief in this mission.”
“Amid rising consumer demand for ‘smart home’ innovations, SmartAC.com is addressing a critical need for more sophistication in HVAC and plumbing through a technology-driven strategy,” said Heath Butler, Partner at Mercury Fund. “We are thrilled to support Josh and the rest of the SmartAC.com team during this period of rapid growth.”
SmartAC.com helps contractors alert their customers to small issues before they become more costly repairs or lead to loss of comfort. Homeowners receive monthly home health reports and utilize the app for loyalty rewards, scheduling service, video chat with technicians and air filter replacements. SmartAC.com streamlines all the interaction points between contractors and homeowners, while promoting a more sustainable and comfortable home environment.
About SmartAC.com
The SmartAC.com platform uses wireless sensors and advanced software to monitor cooling and heating performance, airflow, air filter life, drain lines, and water leak-prone locations to ensure the health of critical HVAC and plumbing systems. SmartAC.com enables a proactive approach to maintenance and customer communication, notifying contractors of potential breakdowns or water leaks before catastrophic damage can occur. At only $10/month per system, SmartAC.com is the most cost-effective way to engage homeowners remotely and maximize the efficiency of truck rolls to homes. SmartAC.com customers average a 97% annual membership retention rate when utilizing its sensors and contractor-branded app to boost the value of maintenance agreements.
The post SmartAC.com Announces Fundraise Led by Mercury; Total Capital Raised to $42M first appeared on HVAC Insider.