SmartRent Analysis: $92M Raised
What is SmartRent?
SmartRent is a provider of smart technology solutions for the rental housing industry. Their approach integrates hardware with cloud-based software, enabling seamless connectivity and automation. This results in enhanced operational efficiency and improved resident experiences across multifamily properties.
Employees
501-1000
Founded
2017
Industry
SaaS, PropTech, IoT
Parent Company
Fifth Wall Acquisition Corp. I
Latest Funding Round Size
Post-IPO Equity
Parent Company Website
Public Company Status
Public
Recent Venture Round Amount
$60,000,000
Product Features & Capabilities
- Smart Apartments with cost reduction and workflow simplification
- Access Control with cloud-based management
- Self-Guided Tours for automated leasing processes
- Community WiFi for reliable connectivity
- Work Management with a mobile maintenance platform.
Use Cases
Automate leasing processes with self-guided tours; Enhance property security with access control systems; Improve maintenance efficiency through mobile work management; Provide reliable internet connectivity for residents; Manage package deliveries with smart package rooms.
How much SmartRent raised
Series B - $32 million
June 19, 2019Lead Investor: Led by Bain Capital Ventures
Series C - $60 million
May 27, 2020Lead Investor: Led by Spark Capital, with participation from Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Ventures, and RET Ventures.
Other Considerations
Serves over 1.3 million rental homes; Trusted by 15 of the top 20 multifamily operators; Founded in 2017 and publicly traded on NYSE.
See something that needs updating? Suggest edits to this profile.
Financial Overview
$92MTotal Raised
Seed
June 1, 2018
Investors: Led by RET Ventures
Seed
September 21, 2018
Series A
November 13, 2018
Investors: Led by RET Ventures
Series B$32 million
June 19, 2019
Investors: Led by Bain Capital Ventures
Series C$60 million
May 27, 2020
Investors: Led by Spark Capital, with participation from Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Ventures, and RET Ventures.
Post-IPO Equity
August 23, 2021
Investors: 8 investors, including D1 Capital Partners, Invitation Homes, and Starwood Capital Group.