RenoFi Overview
- Year Founded
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2018
- Status
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Private
- Employees
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114
- Latest Deal Type
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Series B1
- Latest Deal Amount
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$22M
- Investors
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15
RenoFi General Information
Description
Operator of a financial technology marketplace designed to facilitate home renovation lending. The company offers a platform featuring renovation underwriting, after-renovation value lending, contractor vetting, and appraisal facilitation, enabling homeowners to access home equity loans and lines of credit based on the future value of their property through a network of credit union partners.
Contact Information
Website
www.renofi.comCorporate Office
- 1189 Lancaster Avenue
- Suite 207, Berwyn
- Philadelphia, PA 19312
- United States
Corporate Office
- 1189 Lancaster Avenue
- Suite 207, Berwyn
- Philadelphia, PA 19312
- United States
RenoFi Timeline
RenoFi Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Later Stage VC (Series B1) | 03-Mar-2026 | $22M | Completed | Generating Revenue | ||
| 10. Later Stage VC (Series B) | 19-May-2025 | Completed | Generating Revenue | |||
| 9. Debt - General | 01-Jul-2024 | Completed | Generating Revenue | |||
| 8. Debt - General | 14-Jun-2024 | Completed | Generating Revenue | |||
| 7. Debt - General | 16-Feb-2024 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series A1) | 18-May-2023 | Completed | Generating Revenue | |||
| 5. Debt - General | 31-Mar-2022 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 23-Jun-2020 | Completed | Generating Revenue | |||
| 3. Debt - General | 31-Mar-2020 | $995K | $1.74M | Completed | Generating Revenue | |
| 2. Angel (individual) | 01-Mar-2019 | $750K | Completed | Generating Revenue |
RenoFi Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B-1 | ||||||||
| Series B-3 | ||||||||
| Series B-2 | ||||||||
| Series A-5 Senior | ||||||||
| Series A-5 Junior | ||||||||
| Series A-4 Senior | ||||||||
| Series A-4 Junior | ||||||||
| Series A-3 Senior | ||||||||
| Series A-3 Junior | 734,331 | $0.000010 | $19.06 | $19.06 | 1x | $19.06 | 0.64% | |
| Series A-2 Senior | 68,244 | $0.000010 | $5.13 | $5.13 | 1x | $5.13 | 0.06% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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RenoFi Comparisons
Industry
Financing
Details
RenoFi Competitors (30)
One of RenoFi’s 30 competitors is ICE Mortgage technology, a Formerly PE-Backed company based in Pleasanton, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ICE Mortgage technology | Formerly PE-Backed | Pleasanton, CA | ||||
| Social Finance | Formerly VC-backed | San Francisco, CA | ||||
| Prosper | Venture Capital-Backed | San Francisco, CA | ||||
| Fundera | Formerly VC-backed | New York, NY | ||||
| Upstart Holdings | Formerly VC-backed | San Mateo, CA |
RenoFi Related Research & Analysis
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RenoFi Signals
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Majestic Referring Domains
RenoFi Investors (15)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Curql | Venture Capital | Minority | ||
| Fifth Wall | Venture Capital | Minority | ||
| Gaingels | Venture Capital | Minority | ||
| HighSage Ventures | Family Office | Minority | ||
| Progressive Insurance | Venture Capital | Minority |
RenoFi Acquisitions (1)
RenoFi’s most recent deal was a Merger/Acquisition with Cottage.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Cottage | Merger/Acquisition | Real Estate Services (B2C) |
RenoFi FAQs
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When was RenoFi founded?
RenoFi was founded in 2018.
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Where is RenoFi headquartered?
RenoFi is headquartered in Philadelphia, PA.
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What is the size of RenoFi?
RenoFi has 114 total employees.
-
What industry is RenoFi in?
RenoFi’s primary industry is Consumer Finance.
-
Is RenoFi a private or public company?
RenoFi is a Private company.
-
What is RenoFi’s current revenue?
The current revenue for RenoFi is .
-
How much funding has RenoFi raised over time?
RenoFi has raised $84.9M.
-
Who are RenoFi’s investors?
Curql, Fifth Wall, Gaingels, HighSage Ventures, and Progressive Insurance are 5 of 15 investors who have invested in RenoFi.
-
Who are RenoFi’s competitors?
ICE Mortgage technology, Social Finance, Prosper, Fundera, and Upstart Holdings are some of the 30 competitors of RenoFi.
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