Watsco Ventures

Watsco Ventures is the corporate venture arm of Watsco, Inc. The investment thesis is articulated around making investments in portfolio companies that support the core strategy of helping residential and commercial HVAC business owners grow their business through technology-enabled products and services. The main focus is on SaaS and IoT businesses open to investments in other business models. Watsco Ventures invests off the Watsco, Inc. balance sheet and is stage-agnostic. The firm was founded in December 2014 and is based in Miami, Florida. Watsco Inc. is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry with annual revenues of approximately $4.5B and a customer base of approximately 90,000 HVAC/R businesses.