HVAC and broader industrial trades eCommerce platform Voomi Supply announced March 6 that it has closed a $10 million Series A funding round that was led by Asymmetric Capital Partners.
Voomi said the latest funding follows a prolonged period of growth and positions the AI-powered B2B platform for continued expansion, helping to accelerate development of Voomi’s technology platform, expand its supplier network, and drive growth into new product categories, while scaling the team and customer experience.
Latrobe, PA-based Voomi Supply — which gives customers access to over 1 million HVAC and industrial parts and equipment SKUs — was launched in 2020 by Founders Faron Schonfeld, Andy Chalofsky and Josh Chalofsky, and after a period of growth, it netted a strategic investment from Operator Partners in 2023.
“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,” Voomi CEO RJ Riley said in a news release about the new funding round. “We’re excited to partner with Asymmetric Capital Partners, whose approach and long-term perspective reflect how we’re building Voomi Supply.”
“Voomi is attacking a massive, fragmented market with a clear vision and strong execution,” added Rob Biederman, Managing Partner at Asymmetric, which has over $240 million in assets under management. “The team has scaled the business with a disciplined, capital-efficient approach, prioritizing supplier value and real customer demand. We’re excited to partner with RJ and the Voomi Supply team as they continue to modernize HVAC and industrial distribution.”
Highmount Capital also participated in the round led by David Hawkins.
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