# Hearth Labs Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hearth-labs-solutions

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hearthlabs.com
- Latest round: Seed (Mar 5, 2020)
- Investors on record: 2

## About

Hearth Labs Solutions Inc. specializes in innovative heat transfer technology aimed at improving energy efficiency and comfort in residential and commercial environments. Their focus on advanced thermal management solutions positions them as a key player in the market.Founded in 2018 and headquartered in San Francisco, US, Hearth Labs Solutions Inc. develops advanced heating and cooling solutions. The company has successfully completed a total of 4 funding deals, with its latest funding round dated March 5, 2020. The firm was co-founded by Forrest Meggers and Nicholas Houchois, who also serves as CEO. Nicholas Houchois has a background in technology and engineering, though further details on previous ventures are not available.Hearth Labs specializes in advanced heat transfer solutions designed to enhance energy efficiency and occupant comfort in residential and commercial spaces. Their flagship product operates through proprietary technology that optimizes thermal management, allowing users to significantly reduce energy consumption while maintaining a comfortable indoor environment. This technology is particularly beneficial in regions with extreme temperature fluctuations. Hearth Labs caters to a diverse clientele including property developers, HVAC contractors, and individual homeowners, primarily in North America and select European markets. Their solutions address immediate heating and cooling needs while contributing to sustainable practices by minimizing environmental impact.Hearth Labs generates revenue through a structured business model encompassing both direct-to-consumer sales and partnerships with B2B clients, including contractors and retailers. The company offers subscription-based services for ongoing support and maintenance of their systems, ensuring optimal performance over time. Additionally, Hearth Labs sells products through authorized distributors, enhancing market access and customer reach. The pricing structure is tiered to accommodate various customer needs, with distinct plans for residential and commercial applications, facilitating long-term relationships with clients and consistent revenue streams.Hearth Labs Solutions Inc. is focused on expanding its product line and market presence. The company is designing new heat transfer products expected to launch in the upcoming quarters, enhancing their offerings in energy efficiency. Plans for market expansion are set for North America and European regions by 2023. The venture debt funding raised in March 2020 will be utilized to support these innovative product developments and strategic market expansion efforts.

## Funding rounds

- Seed, Mar 5, 2020 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed