Get the latest tech news
Arch has a plan to help HVAC contractors install more heat pumps
The startup is relying on automation to speed design and quoting of residential heat pump installations.
“Contractors are spending three to five hours on a potential customer, and they have a sales conversion rate of 20 to 25%,” said Phil Krinner, co-founder and CEO of Arch, a software company that caters to HVAC installers. The startup has been plugging away with pre-seed funding, but recently raised a $6.2 million seed round from Coatue, Floodgate, Gigascale Capital, MCJ Collective and ReGen Ventures. It will also be adding additional features to its software, including a tool that will predict how much homeowners will save on their utility bills and a marketplace where lenders can offer financing for heat pumps.
Or read this on TechCrunch
