{"id":116622,"date":"2022-05-03T08:00:00","date_gmt":"2022-05-03T12:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-the-home-depot-announces-150-million-venture-capital-fund-to-fuel-innovation-in-retail-and-home-improvement\/"},"modified":"2022-05-03T08:00:00","modified_gmt":"2022-05-03T12:00:00","slug":"english-the-home-depot-announces-150-million-venture-capital-fund-to-fuel-innovation-in-retail-and-home-improvement","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/english-the-home-depot-announces-150-million-venture-capital-fund-to-fuel-innovation-in-retail-and-home-improvement\/","title":{"rendered":"The Home Depot Announces $150 Million Venture Capital Fund to Fuel Innovation in Retail and Home Improvement"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">May 3, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The Home Depot<sup>\u00ae <\/sup>today announced Home Depot Ventures, a venture capital fund\u00a0created to identify, fund and partner with early-stage companies to accelerate emerging technologies that aim to improve the customer experience and shape the future of home improvement.<\/p>\n<div id=\"prni_dvprnejpgab0aleft\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgab0aleft\" title=\"The Home Depot logo.\" src=\"https:\/\/mma.prnewswire.com\/media\/118058\/the_home_depot_logo.jpg\" alt=\"The Home Depot logo.\" align=\"middle\"\/><\/div>\n<p>The <span class=\"xn-money\">$150 million<\/span> fund aims to invest in companies that advance The Home Depot&#8217;s ability to provide a seamless interconnected shopping experience, develop new and differentiated capabilities, and extend its low-cost provider position to:<\/p>\n<p><b>Better Serve Customers:<\/b><\/p>\n<ul type=\"disc\">\n<li>Simplify how people invest in their homes throughout the meaningful milestones of home ownership, including initial purchase and move-in, ongoing maintenance and repairs, and renovations or remodels<\/li>\n<li>Evolve how professional (Pro) customers efficiently manage and grow their businesses, saving them time and money<\/li>\n<\/ul>\n<p><b>Better Serve Associates:<\/b><\/p>\n<ul type=\"disc\">\n<li>Improve the lives of Home Depot associates and enable them to collaborate more safely, easily and efficiently to meet the rapidly changing expectations of customers<\/li>\n<\/ul>\n<p><b>Deliver Operational Excellence:<\/b><\/p>\n<ul type=\"disc\">\n<li>Drive operational excellence to continue to deliver value for customers, including platform innovation, delivery optimization, asset and network optimization, and the application of data science<\/li>\n<\/ul>\n<p>&#8220;With Home Depot Ventures, we&#8217;re lending our support and expertise to enable rapid scale of innovation,&#8221; said <span class=\"xn-person\">Richard McPhail<\/span>, executive vice president and chief financial officer of The Home Depot. &#8220;This is an exciting opportunity to find and scale the next big ideas in technology and retail.&#8221;\u00a0<\/p>\n<p>The fund will consider investment opportunities in businesses at various stages of development, with an emphasis on early and growth stage companies that solve challenges for The Home Depot&#8217;s customers and show potential to scale. Home Depot Ventures will serve as a valuable partner by providing growing companies with direct access to the expertise and expansive footprint of the broader enterprise.<\/p>\n<p>Home Depot Ventures builds on a successful history of investments in startups, which have delivered consistently strong returns and business partnerships. Investments include Afero, a secure, end-to-end Internet of Things (IoT) platform to provide smart capabilities for products in virtually any industry; Loadsmart, a freight technology company designed to help shippers and carriers price, book and move freight more efficiently; Made Renovation, an end-to-end digital platform for bathroom renovations; and Roadie, a crowdsourced delivery platform that enables same-day delivery to more than 20,000 zip codes nationwide, which was acquired by UPS in 2021.<\/p>\n<p><b><u>About The Home Depot<br \/><\/u><\/b>The Home Depot is the world&#8217;s largest home improvement specialty retailer. At the end of fiscal year 2021, the company operated a total of 2,317 retail stores in all 50 states, the <span class=\"xn-location\">District of Columbia<\/span>, <span class=\"xn-location\">Puerto Rico<\/span>, the <span class=\"xn-location\">U.S. Virgin Islands<\/span>, <span class=\"xn-location\">Guam<\/span>, 10 Canadian provinces and <span class=\"xn-location\">Mexico<\/span>. The company employs approximately 500,000 associates. The Home Depot&#8217;s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard &amp; Poor&#8217;s 500 index. The Home Depot is #18 on the 2021 Fortune 500.\u00a0<\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3522972-1&amp;h=2621455097&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F118058%2Fthe_home_depot_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F118058%2Fthe_home_depot_logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/118058\/the_home_depot_logo.jpg<\/a>\u00a0<\/p>\n<p>SOURCE  The Home Depot<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">May 3, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The Home Depot<sup>\u00ae <\/sup>today announced Home Depot Ventures, a venture capital fund\u00a0created to identify, fund and partner with early-stage companies to accelerate emerging technologies that aim to improve the customer experience and shape the future of home improvement.<\/p>\n<div id=\"prni_dvprnejpgab0aleft\" dir=\"ltr\" style=\"width: 100%;text-align: left\">&lt;img id=&quot;prnejpgab0aleft&quot; title=&quot;The Home Depot logo.&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":116623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-116622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/116622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=116622"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/116622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/116623"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=116622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=116622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=116622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}