SmartRent is a Scottsdale, Arizona–based provider of smart home automation for property owners, managers, developers and residents. Founded in 2017 and led by CEO and co‑founder Lucas Haldeman, the company offers connected, brand‑agnostic solutions designed to give multifamily property owners, managers and residents security and property protection. Its product suite includes the Alloy Fusion all‑in‑one touchscreen hub and thermostat, the newly launched Alloy Access for access control, and self‑guided tour capabilities. Customers such as Essex Property Trust, MAA and Aimco use SmartRent to connect, automate, protect and manage tens of thousands of housing units nationwide. The company closed a $60M Series C and intends to use the proceeds to expand its product portfolio. SmartRent provides a smart home automation platform aimed at property managers and renters. Its solution gives property managers seamless visibility and control over assets while offering residents all-in-one home control. The platform is also positioned to deliver additional revenue opportunities for property owners. The company plans to develop both software and hardware to turn multifamily housing environments into connected communities. To support that work, SmartRent will collaborate with teams across Amazon and Ring. SmartRent was founded in 2017 and is based in Scottsdale, AZ. SmartRent provides an end-to-end smart home automation platform that gives property managers visibility and control while delivering resident-facing home control and amenity features. Its solution includes smart locks, thermostats, light switches, and leak sensors managed through a single application. The company says deployments save operating costs per property and create new revenue opportunities as residents pay premiums for connected units. SmartRent reported more than 40,000 units installed and 66,000 additional units under agreement for 2019, a 145% year-over-year increase; UDR plans to implement SmartRent in 20,000 units by summer 2019. The firm also states multifamily organizations controlling over 1.4 million units are either piloting or actively deploying the platform. SmartRent intends to use new capital to add development resources, accelerate large-scale deployments, and develop additional capabilities to solidify its market leadership. SmartRent provides an end-to-end smart home technology solution that connects hardware with proprietary web and mobile software for property managers and renters. Its platform includes full property access control, surveillance, thermostat control, leak detection, and power monitoring to streamline operations and enable predictive maintenance. The company positions its solution as both an expense-reduction tool for owners and a revenue-generating amenity for residents. SmartRent has significant traction, expecting to complete 15,000 installations by year end and having an additional 35,000 apartments committed for 2019. Founded in 2017, the team has grown more than 50% since its January 2017 seed round. The company plans to use new funding to accelerate national deployments and expand its service footprint from 15 states to over 40 states, with hubs in Denver, Phoenix, Washington D.C., Seattle, Philadelphia and Northern and Southern California. SmartRent develops end-to-end smart community solutions that connect hardware with proprietary web and mobile software to streamline property operations and enhance resident experience. The platform provides property managers with seamless visibility and control of assets and offers ancillary revenue opportunities through all-in-one home control offerings for residents. Its system is designed to be flexible and easy to implement across property types and stages, including ground-up developments, retrofits, high-rises, and garden-style properties. The company emphasizes autonomous IoT tools and positions its product as a digital layer of asset protection for owners. SmartRent’s leadership brings deep operational property-management expertise to support deployment and adoption. The company was founded in 2017 and is described in the announcement as based in Phoenix, AZ.

Total raised

$99M

Funding rounds

5

Latest round

Series C

Latest activity

May 2020