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Construction Tech Startup Renorun Lands $142M In Tiger Global-Led Series B

Feb 01, 2022•over 3 years ago

Amount Raised

$142 Million

Round Type

series b

Description

When it comes to construction projects, any type of delay can result in increased costs both for the contractor and their customer. Shortages of certain materials and supply chain constraints in recent years haven’t helped.

Company Information

Company

Reno Run

About

Unfortunately, the company declined to reveal at what valuation this round was raised, but the sheer size of this round caught our attention. RenoRun CEO Eamonn O’Rourke declined to reveal hard revenue figures but noted that the company has “grown at least 3x each year since its inception in 2017 and will continue to do so.” The company works with a variety of manufacturers, distributors, suppliers and brands so that it can supply “thousands” of building materials and supplies to contractors — from lumber, drywall, insulation, shingles and siding to hardware, doors and paint. Another benefit of its offering, the company says, is that it gives contractors a way to manage material orders across multiple job sites so they don’t have to deal with several different vendors. The company also plans to boost its headcount. He also believes that the company is helping solve a massive problem of construction productivity, which he estimates has fallen by half since the 1960s. , it seems that RenoRun is well-positioned for success.

Funding Insights

Based on industry data
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