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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.

HQ Country
Phoenix, United States
Employees
501-1000
Founded
2017
Industry
SaaS, PropTech, IoT

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.

How much SmartRent raised

Seed - N/A

June 1, 2018
Lead Investor: Led by RET Ventures

Seed - N/A

September 21, 2018
Lead Investor: Not disclosed

Series A - N/A

November 13, 2018
Lead Investor: Led by RET Ventures

Series B - $32 million

June 19, 2019
Lead Investor: Led by Bain Capital Ventures

Series C - $60 million

May 27, 2020
Lead Investor: 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 - N/A

August 23, 2021
Lead Investor: 8 investors, including D1 Capital Partners, Invitation Homes, and Starwood Capital Group.

Financial Overview

$92MTotal Raised
Seed
June 1, 2018
Investors: Led by RET Ventures
Seed
September 21, 2018
Investors: Not disclosed
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.
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