About RenoFi
RenoFi is a Real Estate & Construction company based in San Francisco (United States) founded in 2015 by Alex Czarnecki. Custom-built homes are designed and developed for clients. It operates on a Brokerage / Intermediation model. RenoFi has raised $18.5 million across 2 funding rounds from investors including Fifth Wall, DivcoWest and 1Sharpe Capital. Its chief executive, as recorded, is Alex Czarnecki. RenoFi offers products and services including RenoFi Loan, Renovation HELOC, and Renovation Personal Loan. Its focus areas include Financials, Consumer Finance and Home Improvement Loans. Its legal entity is Renovation Finance LLC. Its competitors include Conifer Realty, Housing Trust Group and Enterprise Community.
Company details
RenoFi is involved in connecting homeowners with lenders for specialized home renovation loans. The company operates by leveraging proprietary renovation underwriting technology to offer loans based on the after-renovation value of properties. Services are provided across various loan types, including HELOCs, home equity loans, and personal loans tailored for renovations. The focus is placed on increasing borrowing power for homeowners, particularly recent buyers, through partnerships with credit unions and other lenders. Support is extended throughout the loan process by dedicated advisors to ensure suitable financing options are identified for home improvement projects in the United States.
- Total Equity Funding$18.5M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Series A
Apr 2022
- InvestorsFifth Wall
& 5 more
Products & Services of RenoFi
RenoFi offers a comprehensive portfolio of products and services, including RenoFi Loan, Renovation HELOC, and Renovation Personal Loan.
Loans are offered based on after-renovation home value.
Credit lines are provided for home renovation projects.
Personal loans are tailored for home improvement needs.
Apps and channels of RenoFi
its YouTube channel RenoFi has 71 subscribers and 11 videos.
Videos from RenoFi
The most watched videos on RenoFi's YouTube channel, RenoFi (71 subscribers). Click a video to play it here.
More on RenoFi.
Funding Insights of RenoFi
RenoFi has successfully raised a total of $18.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $18.5M
- Total Rounds 2
- Last Round Series A — $15M
- First Round $3.5M
(Nov 2020)
- Investors Count 6
All 2 funding rounds of RenoFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $15M | Series A | – | Fifth Wall | |
| Nov 2020 | $3.5M | Seed | – | Susa Ventures, Base10 Partners | – |
6 investors in total: 6 institutional.
Investors in RenoFi
RenoFi has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Fifth Wall, DivcoWest and 1Sharpe Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | susaventures.com | San Francisco, United States | ||
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors. | base10.vc | |||
Investments are made in AEC and construction technology globally. | foundamental.com | |||
Investment management firm focused on real estate and technology. | 2016 | 1sharpe.com | San Francisco, United States | |
Real estate debt fund focused on core and core-plus strategies | 1993 | divcowest.com | San Francisco, United States |
Investor details for RenoFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of RenoFi
2 people are tracked at RenoFi (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Alex Czarnecki | Founder & CEO | Leadership |
Maddy Chung | Senior Growth Manager | Team |
Complete people profiles for RenoFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of RenoFi
3 dated milestones of RenoFi across 7 years, from founding to its latest funding, stage changes and deals.
- Founded RenoFi is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series A, of $15.0M.
Competitors of RenoFi
RenoFi has 3 listed competitors in our database. They include Conifer Realty, Housing Trust Group and Enterprise Community.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coniferllc.com | 1975 | Rochester, United States | 620 | Affordable housing communities are developed and managed. | ||
| htgf.com | 2000 | Miami, United States | 163 | Affordable homes are developed for communities in the United States. | ||
| enterprisecommunity.org | 1982 | United States | 1,319 | Affordable housing is developed and preserved by this non-profit organization. |
Detailed competitors of RenoFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of RenoFi
Websites that share an audience with RenoFi (cotta.ge).
Websites whose visitors overlap most with RenoFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| symbium.com | 100% | 9K | #2,251,218 | View details | |
snapadu.com | snapadu.com | 93% | #827,053 | – | |
actonadu.com | actonadu.com | 78% | #2,092,759 | – | |
cali-adu.com | cali-adu.com | 23% | #2,975,642 | – | |
accessorydwellings.org | accessorydwellings.org | 23% | #3,163,990 | – |
Top companies in Affordable & Senior Housing
3 companies that operate in the same segment as RenoFi (Affordable & Senior Housing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
REIT that focuses on senior living and healthcare sectors | 1992 | Hunt Valley, Maryland, United States | USD 1.2 B | 60 | ||
Nursing and senior living center services are provided nationwide. | 1978 | Durant, Oklahoma, United States | USD 100 M | USD 3.19 B | 36,000 | |
Healthcare real estate investment trust | 1970 | Toledo, Ohio, United States | USD 6.56 B | 533 |
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Frequently Asked Questions about RenoFi
RenoFi was founded in 2015 and raised its 1st funding round 5 years after it was founded.
RenoFi is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Alex Czarnecki is the CEO of RenoFi, as recorded in our data. They have also founded this company.
RenoFi is a funded company, having raised a total of $18.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Nov 2020.
RenoFi is involved in connecting homeowners with lenders for specialized home renovation loans. The company operates by leveraging proprietary renovation underwriting technology to offer loans based on the after-renovation value of properties. Services are provided across various loan types, including HELOCs, home equity loans, and personal loans tailored for renovations. The focus is placed on increasing borrowing power for homeowners, particularly recent buyers, through partnerships with credit unions and other lenders. Support is extended throughout the loan process by dedicated advisors to ensure suitable financing options are identified for home improvement projects in the United States.
RenoFi's top competitors include Enterprise Community, Conifer Realty and Housing Trust Group.
RenoFi offers RenoFi Loan, Renovation HELOC, and Renovation Personal Loan.
RenoFi has 6 investors. Key investors include Fifth Wall, DivcoWest, 1Sharpe Capital, Susa Ventures, and Base10 Partners.
RenoFi operates through Renovation Finance Llc.