Digitech Venture Capital Fund Inc has invested in SmartHome Hero. Financial terms weren’t announced. Austin-based SmartHome Hero provides a home resource management platform that offers warranty management and repair service for homeowners.
March 28, 2016 07:00 AM Eastern Daylight Time
SmartHome Hero is a home resource management (HRM) platform that delivers streamlined warranty management and repair service for homeowners while providing a digital advertising platform for builders, smart home products and manufacturers. Consumers gain improved home automation, energy savings, and home resale value.
Digitech, with its first close in Q4 2015, has wasted no time identifying quality technology deals. With offices in Houston and Austin, and a solid network of East and West coast funds, Digitech will leverage a team of incubators, accelerators, and university technology transfer offices to commercialize tomorrow’s technology.
“I’ve been on both sides of investments from prestigious PE funds, to lesser known angel groups and VC funds,” says Paul C. Watson, Digitech’s CEO. “There’s a strong need for a hands-on, roll up your sleeves attitude in today’s ‘crowdfunding’ mindset. Our focus is to be pragmatic, be active investors and align ourselves with industry specialists to fuel portfolio growth,” Watson continued.
Mr. Watson has tracked SmartHome since the Texas Venture Growth Forum (TXVGF) last October and its team has tremendous industry experience and a scalable product that leads to customer loyalty. SmartHome Hero’s soft launch and demo of its SaaS platform will be at the Builders Digital Experience (BDX) Summit in Austin this April.
“We believe SmartHome will enhance the home buying as well as the living experience for homeowners. Simplifying warranty and service has needed to be addressed for some time. This is a huge leap in the right direction,” stated Mike Bartleman, VP Operations, Beazer Homes.
“We are excited to have Digitech take a leading role in our seed round. Our goal is to raise $750K in convertible notes before Q3 while ramping users and adding new features prior to launching our Series A round later this year,” stated David Carolan, CEO, SmartHome Hero.
More about Digitech Venture Capital Fund
Digitech, a strategic capital venture fund based in Texas, was founded in 2015. The fund identifies early stage emerging technology companies, which present the best opportunity for outsized returns. Digitech targets investments within key technology trends with a focus on information technology, software, healthcare IT, cyber security, big data and mobile.