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[Funding alert] TX-based UpSmith Secures $5Million in Seed Funding

TX-based UpSmith secures $5million in seed funding. Hannah Grey Ventures led the investment, while additional strategic investors included a16z, GSV, Asymmetric Capital Partners, Cubit Capital, TechNexus, Crow Holdings, Kimbel Mechanical, Crescent Ridge, and Karman Ventures.

TX-based UpSmith secures $5million in seed funding. Hannah Grey Ventures led the investment, while additional strategic investors included a16z, GSV, Asymmetric Capital Partners, Cubit Capital, TechNexus, Crow Holdings, Kimbel Mechanical, Crescent Ridge, and Karman Ventures.

The money will be used by the company to grow both its operations and its clientele. UpSmith is a technology firm that addresses labour shortages, with an emphasis on assisting skilled trades companies across the United States. Wyatt Smith is the company’s founder and CEO.

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By rewarding employees for activities that are crucial to the business and the client, its rewards programme, Boost, assists skilled trades companies in enabling their workforce to focus on the most important tasks.

Without requiring an app download or logins, the software connects with an employer’s enterprise resource planning (ERP) system to automate productivity tracking and coaching. Skilled trades firms offering HVAC, plumbing, and electrical services can increase income, boost productivity, and cut expenses by utilising the digital platform.

Read also – Chile-based Biotechnology Company PhageLab Secures $11M in Funding

About UpSmith

In order to address the shortage of qualified workers, UpSmith is creating technology that will increase workforce efficiency. The company’s first product will assist companies in finding, hiring, onboarding, and training new technicians in less than 90 days.

Read also – CA-based XGS Energy Secures $9.7M in Funding

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