Voomi Supply Secures Series A Funding
Voomi Supply, a Philadelphia-based B2B eCommerce platform specializing in HVAC and industrial supplies, has announced the successful closing of a $10 million Series A funding round. The financing was led by Asymmetric Capital Partners, with participation from Highmount Capital.
Company Overview
Voomi Supply offers a streamlined digital marketplace where businesses can purchase HVAC equipment like furnaces, AC units, mini splits, and parts from trusted brands. The company aims to simplify the procurement process for contractors, distributors, and other professional buyers, providing access to over one million products.
Leadership
The company is led by CEO RJ Cilley, who commented on the funding round, saying, "Voomi Supply was built to modernize purchasing across HVAC and industrial supply markets, delivering simplicity, speed, and competitive pricing for all buyers while unlocking new sales channels for suppliers."
Use of Funds
The newly secured capital will be utilized to expand Voomi Supply's AI-powered platform, enhance its supplier network, develop additional product categories, and scale its team and customer experience. These initiatives are expected to further modernize the procurement process in fragmented supply markets and support the company's ongoing growth.
Investor Insights
Asymmetric Capital Partners, the lead investor in this round, expressed confidence in Voomi Supply's approach and potential. Rob Biederman, Managing Partner at Asymmetric Capital Partners, noted, "Voomi is attacking a massive, fragmented market with a clear vision and strong execution."
This funding round marks a significant milestone for Voomi Supply as it continues to refine its platform and expand its market reach in the HVAC and industrial supply sectors.