Texas-Based UpSmith Raises $10M in Series A Funding

UpSmith, a Dallas, TX-based provider of an AI platform for home services contractors, has raised $10 million in a Series A funding round led by SemperVirens.

The round also saw participation from Hannah Grey Ventures, Asymmetric Capital Partners, CIV, Synetro Group, WaterStone Impact Fund, Sandwith Ventures, Deason Capital Services, and Zachary Bookman.

The company will use the funding to expand its engineering team and distribution across the home services industry.

What is UpSmith?

UpSmith provides AI tools designed for home services businesses such as electricians, plumbers, and HVAC contractors.

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Its platform uses AI agents to identify missed opportunities, including open estimates, missed calls, overdue maintenance needs, expiring memberships, and inactive customers. The technology can then take action by responding to leads, booking appointments, following up on estimates, and helping contractors generate recurring business.

UpSmith is also introducing an AI voice agent for inbound customer calls and a unified customer timeline that brings customer interactions and job activities into one record.

How Much Funding Has UpSmith Raised?

UpSmith has raised $10 million in its latest Series A funding round.

The source does not provide details about the company's total funding raised or previous funding rounds.

Who Invested in UpSmith’s Series A Round?

SemperVirens led the $10 million Series A round.

Hannah Grey Ventures, Asymmetric Capital Partners, CIV, Synetro Group, WaterStone Impact Fund, Sandwith Ventures, Deason Capital Services, and Zachary Bookman also participated.

Why the Funding Matters

UpSmith will use the new funding to expand its engineering team and distribution across the home services industry.

The company is also expanding its AI capabilities, including an AI voice agent for inbound calls and tools that help contractors act on customer opportunities.

Who founded UpSmith?

UpSmith was founded in 2022 by Wyatt Smith.

The company is headquartered in Dallas, Texas.

"We believe AI should power the people who power America. The skilled trades are the backbone of this country, and we're building technology that solves real problems for contractors, delivers measurable results and helps their businesses grow," said Wyatt Smith, founder and CEO of UpSmith.

"We've built a reputation over decades across our brands, and a customer base to match it, but there are only so many hours in the day to act on either," said Ray Pickens, COO at HomeTown Services. "The database was always the asset - we just couldn't work it fast enough on our own.

Market and Business Growth

UpSmith says its AI agents have helped contractors turn previously missed customer opportunities into booked jobs, and new revenue.

At HomeTown Services, a Texas-based home services company operating across five states, UpSmith supported more than 5,000 completed jobs in 2026 by recovering unsold estimates.

At Five Star Home Services in Ohio, cancellations fell 34% after UpSmith was deployed.

Texas-based Medley AC generated $147,000 in new revenue in three months while reducing cancellations by 25%.

What Happens Next?

UpSmith plans to expand its engineering team and distribution across the home services industry.

The company will also continue developing AI-powered tools for inbound calls, lead follow-ups, appointment booking, estimates, sales conversion, and recurring customer relationships.

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