RenoRun runs an e-commerce marketplace that sources and delivers thousands of building materials and supplies to contractors, aiming to reduce project delays and labor time spent procuring materials. The platform aggregates products from manufacturers, distributors and brands so contractors can manage orders across multiple job sites. The company says it has grown at least 3x each year since its 2017 inception, has served more than 10,000 customers, and scaled headcount to roughly 500 employees from 50 in 2019; the CEO declined to disclose revenue figures. Demand rose during the pandemic as customers adopted contactless delivery and alternatives to big-box suppliers. With the new capital RenoRun plans product expansion including a "buy now, pay later" payment option and expanded services for new and existing customers. The company also intends to expand geographically across six initial markets in Canada and the U.S. and to continue hiring. RenoRun offers an app enabling contractors to plan, source and deliver scheduled or just-in-time building supplies and materials directly to the jobsite. The company operates a technology-enabled delivery service across job sites, aiming to save contractors time and money. It is based in Austin, Texas and Montreal, Canada and, at the time of the report, was delivering materials in Toronto, Montreal and Austin. Over the past 12 months RenoRun recorded more than 300% customer growth and expanded its team to 90 employees. The company intends to use the Series A proceeds to scale its business in existing cities, continue employee growth and pursue geographic expansion in 2020. RenoRun operates a virtual contractors’ desk that lets general contractors order building materials sourced from multiple local partners and delivered directly to job sites, typically in under two hours. The company hires trained, licensed drivers (not gig workers) with product knowledge to handle larger, higher-value orders—the article cites an average order value of $1,000. RenoRun launched in Montréal in 2017 and expanded to Toronto, and it consolidates supplies so contractors avoid store trips and stock uncertainty. The startup plans to use the new funding to begin U.S. expansion starting in Austin, with five additional cities planned later in the year. Management also intends to expand beyond just-in-time requests toward scheduled deliveries at project start, targeting larger, five-figure deals. Investors are expected to help refine and execute the company’s expansion and operational playbook.

Total raised

$162M

Funding rounds

3

Latest round

Series B

Latest activity

Feb 2022