Watsco Ventures

About The Fund

Watsco Ventures is the corporate venture capital arm of Watsco, Inc., focusing on nurturing and investing in startups within the HVAC/R industry to accelerate their growth and success. The firm engages in early, seed, and later stage investments with an emphasis on companies that align with Watsco's core business and have the potential to deliver significant value and innovation. They were founded in 2014 and are strategically headquartered in Miami, Florida. Their investment thesis centers around identifying and empowering promising technology firms that can contribute to and thrive in the broader market segment, particularly those innovating in domains such as Software, including Web Marketplace and SaaS; Retail, encompassing the vast realms of E-commerce; Internet of Things and Wearables; as well as Artificial Intelligence and Big Data. The mission of Watsco Ventures is to support HVAC/R contractors in growing their businesses profitably by creating a portfolio filled with innovative products and services. This is achieved through efforts in incubation, strategic investments, partnerships, and acquisitions. They showcase a suite of tools that address Consumer Financing, Operations, Sales, Smart IoT Sensors, and Training, aimed at enhancing the HVAC experience for both professionals and end-users. Watsco Ventures extends its offerings via North America's top HVAC/R distribution businesses, which are dedicated to delivering superlative service and novel solutions to foster growth in the digital era. The operation of Watsco Ventures is underpinned by the robust foundation of Watsco, Inc., renowned as the largest distributor of air conditioning, heating and refrigeration equipment, as well as related parts and supplies within the HVAC/R distribution sector. Watsco, Inc. operates from more than 570 locations across 37 U.S. states, Canada, Mexico, and Puerto Rico, also serving parts of Latin America and the Caribbean. Watsco Ventures continuously demonstrates its commitment to the HVAC/R entrepreneurial community by offering growth opportunities and promoting a better technological ecosystem within the industry.