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, 2018Lead Investor: Led by RET Ventures
Seed - N/A
September 21, 2018Lead Investor: Not disclosed
Series A - N/A
November 13, 2018Lead Investor: Led by RET Ventures
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.
Post-IPO Equity - N/A
August 23, 2021Lead 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.
