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- RenoRun
RenoRun Funding, Investors & Competitors
RenoRun has raised $163M across 4 funding rounds, most recently a $142M Series B in February 2022.
Last RenoRun funding round
$142M
Series B · Feb 2022
Cumulative funding RenoRun raised
$163M
across 4 funding rounds
Key investors in RenoRun
Real Ventures
ScaleUP Ventures
Tiger Global
BDC Capital
Inovia Capital
Silicon Valley Bank
Investissement Quebec
Fifth Wall
About RenoRun
RenoRun is a Montreal-headquartered platform supplying construction materials to general contractors across Canada and the U.S. Founded in 2016, it operates warehouses in Toronto and Austin, dispatching runners to source and deliver lumber, drywall, concrete, and fixtures to job sites. The mobile app serves 5,000+ projects monthly, reducing procurement time for high-rise builds and renovations.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
RenoRun Funding History
RenoRun has raised a total of $163M across 4 funding rounds.
RenoRun's first fundraising round was a $1M pre-seed round in November 2017. The most recent completed round was a $142M Series B in February 2022.
RenoRun funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series B | Sozo Ventures (lead); Tiger Global (lead); Export Development Canada; Fifth Wall; TriplePoint Capital; BDC Capital; Desjardins Venture Capital; Nicola Wealth Management; SE Ventures; Investissement Quebec; Counterpart Advisors | $142M | RenoRun is a Canadian proptech e-commerce construction platform founded in 2017 by Eamonn O'Rourke and Joelle Chartrand that streamlines material procurement for contractors and their employees. The platform addresses the inefficiency of construction workers spending excessive time away from job sites sourcing materials, positioning itself as a contractor-centric brand to help business owners scale their operations. In February/March 2022, RenoRun raised $142 million in Series B funding co-led by Tiger Global Management and Sozo Ventures, marking the fourth largest Series B in Canadian history and a significant increase from its $17.1 million Series A in November 2019. The round included participation from Investissement Quebec, SE Ventures, Fifth Wall, BDC Capital, Export Development Canada, TriplePoint Capital, and others, with executives from GGV, Opendoor, Sonder, and GoodFood founders joining as strategic investors. At the time of the Series B, RenoRun operated in six markets: Boston, Chicago, Philadelphia, Washington D.C., Toronto, and Montreal, with plans to expand across additional U.S. and Canadian regions using the fresh capital. However, the company ceased operations in 2023, making it a notable example of a well-funded construction tech venture that ultimately did not sustain operations despite significant institutional backing. |
| Nov 2019 | Series A | Inovia Capital (lead); Obvious Ventures (lead); ScaleUP Ventures; Maple VC; Real Ventures; Silicon Valley Bank | $17M | RenoRun is a technology-enabled construction material delivery service operating in cities like Toronto, Montreal, and Austin, Texas, founded in 2017 to provide fast jobsite deliveries and digitize the construction industry. The company secured a CA$22.5 million Series A round on November 4, 2019, co-led by Inovia Capital and Obvious Ventures, with participation from ScaleUp Ventures, Real Ventures, Maple VC, and Silicon Valley Bank. This followed a $3 million seed round earlier in 2019 led by Real Ventures. The Series A funding aimed to scale operations in existing cities and support rapid employee growth from 7 to 90 in 10 months, amid over 300% customer growth in the prior 12 months. RenoRun reported $3 million in revenue in 2019. The platform positioned itself as a fundamental layer in builders' technology stacks to improve productivity, efficiency, and costs in construction. RenoRun experienced explosive growth post-2019, with revenues reaching $36 million two years later and peaking at around $10 million monthly by mid-2022, targeting $120 million for that year, though sales tripled annually from 2018 to 2021 before financial difficulties led to insolvency proceedings in 2023. |
| Feb 2019 | Seed | Real Ventures (lead); ScaleUP Ventures (lead) | $3M | RenoRun raised a $3 million seed round led by Real Ventures with participation from ScaleUP Ventures in July 2018. The company, founded in 2017, provides a technology-enabled platform for on-demand construction material delivery to job sites in cities including Toronto, Montreal, and Austin, Texas. This seed funding preceded RenoRun's $22.5 million CAD Series A round in November 2019, co-led by Inovia Capital and Obvious Ventures, with participation from ScaleUp Ventures, Real Ventures, Maple VC, and Silicon Valley Bank. |
| Nov 2017 | Pre-seed | - | $1M | - |
Who has invested in RenoRun?
17 investors have backed RenoRun across its funding rounds, including Real Ventures, ScaleUP Ventures, Tiger Global, BDC Capital, Inovia Capital and Silicon Valley Bank.
Lead investors include Sozo Ventures, Tiger Global, Inovia Capital, Obvious Ventures, Real Ventures and 1 other investor.
RenoRun Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2019 | ||
| 2 | Lead | Feb 2019 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Lead | Nov 2019 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Nov 2019 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 17 RenoRun investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialRenoRun Competitors
RenoRun competitors include listed companies like Copart and RB Global, and private ones like Faire, OfBusiness, Zetwerk and Inxeption.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.6B | $1.9B | $27B | 4.9x | ||
| Publicly listed | $4.6B | $1.4B | $16B | 4.1x | ||
| Private | $500M | - | $5.2B | 10.4x | ||
| Private | $2.1B | - | $4B | 1.9x | ||
| Private | $102M | $20M | $3.1B | - | ||
| Private | $300M | - | $3B | 10.0x |
RenoRun Public Comps
RenoRun is still privately-owned, but its public comps include Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan, Rocket Companies and Expedia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $54B | ($2.2B) | 0.9x | 0.8x | (21.4x) | 162.4x | |||
This data is available for Pro users. Sign up to see all RenoRun competitors and their valuation data. Start Free Trial | ||||||||
Common questions about RenoRun
| When was RenoRun founded? | RenoRun was founded in 2016. |
| Where is RenoRun headquartered? | RenoRun is headquartered in Montreal, Canada. |
| Is RenoRun publicly listed? | No, RenoRun is a private, VC-backed company. |
| How much funding has RenoRun raised? | RenoRun has raised $163M across 4 funding rounds. |
| What was RenoRun's last funding round? | RenoRun's last funding round was a $142M Series B in February 2022, led by Sozo Ventures and Tiger Global. |
| Who are RenoRun's investors? | RenoRun's investors include ScaleUP Ventures, Real Ventures, Sozo Ventures, Export Development Canada, Maple VC, Obvious Ventures, Fifth Wall, TriplePoint Capital, Inovia Capital, Tiger Global and 7 others. |
| Which companies are comparable to RenoRun? | Companies comparable to RenoRun include Copart, RB Global, Faire, OfBusiness, Zetwerk and Inxeption. |
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