Fundz

Renofi Secures $14 Million To Enable Every Lender To Become A Renovation Lender

PRIVATEApr 04, 2022

Amount Raised

$14 Million

Round Type

Funding Round

Lower GwyneddHardwareFinancial ServicesReal EstateConsumer GoodsConsumer ElectronicsFinance

Description

RenoFi, the renovation enablement platform company, today announced $14 million in Series A funding. The round serves as a strong endorsement of RenoFi's vision to empower lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners. Canaan led the round with new participation from Nyca Partners and CMFG Ventures. The company will use the funds to scale its business operations and product roadmap, including its first-of-its-kind renovation enablement platform for lenders.

Quick answer

RenoFi raised $14 Million in a Funding Round round, dated April 4, 2022. RenoFi is based in Lower Gwynedd, Pennsylvania, United States.

How much did RenoFi raise?
RenoFi raised $14 Million in a Funding Round round on April 4, 2022.
What does RenoFi do?
Renofi is the renovation enablement platform company that empowers lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners.
Where is RenoFi based and how big is it?
RenoFi is based in Lower Gwynedd, Pennsylvania, United States. Fundz records about 86 employees.
Who are the decision-makers at RenoFi?
Fundz holds 3 contacts at RenoFi, including the Mortgage Loan Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Financial Services around the same time

Companies in the same sectors as RenoFi that raised within 45 days of this round, from Fundz verified event records.

  • Walker & Dunlop raised $47M (Funding Round) on May 12, 2022.
  • Aquiline Drones Corp raised $1M (Seed) on May 9, 2022.
  • Aquiline Drones Corp raised an undisclosed amount on May 9, 2022.
  • Beeline Holdings raised an undisclosed amount (Corporate Round) on May 3, 2022.
  • Fathom raised an undisclosed amount on April 25, 2022.
  • Glacier Bancorp raised $4.5M (Seed) on April 19, 2022.

Who to call at RenoFi, and when

A new round usually means RenoFi is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RenoFi raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RenoFi, from your own LinkedIn network

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Company Information

Company

RenoFi

Location

Lower Gwynedd, Pennsylvania, United States

About

Renofi is the renovation enablement platform company that empowers lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners. The company offers the only end-to-end loan origination and underwriting platform specifically built to enable renovation lending, allowing homeowners to borrow against their home's post-renovation value, instead of the home's current value, and increasing borrowing power by 11x on average. The company is backed by leading investors including Canaan, First Round Capital, Nyca Partners & CMFG Ventures.

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Fundz sees it the moment RenoFi raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsJon H., Mortgage Loan Officer hiddenSee plans and pricing
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RenoFi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.