RenoRun receives $3m in funding from Real Ventures
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RenoRun, a Montreal-based company that offers supply chain solutions to construction general contractors, recently received $3 million in seed funding from Real Ventures. While the round was led by Real Ventures, ScaleUp Ventures (SUV), a Toronto-based venture capital firm, also participated. This partnership between Real and SUV comes after they had previously worked together in providing funding to other Montreal startups.
Established in 2017, RenoRun has grown very quickly and has already expanded into Toronto. It also anticipates beginning its US operations shortly, starting with Auston, TX. In fact, the company plans to use some of the newly received funding in that regard.
RenoRun allows general contractors to order their required materials through a user-friendly application and provides delivery to the construction site in 2 hours or less. As an added bonus, they provide free coffee to all the laborers. By using this service, contractors can avoid sending their workers to retail stores (think Home Depot or Réno Depot) to gather the needed materials, saving a significant amount of time and efficiency for the construction project.
This is another big step for RenoRun as it implements what the company believes is a solution to an area of the construction industry that has long needed innovation.
For Real Ventures, this is one more example of how it continues to be the front runner in providing funding for some of Montreal’s most promising startups.
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