About Renofy
Renofy is a company based in Chicago (United States) founded in 2020 by Amit Raz.. Renofy has raised $20 thousand across 1 funding round from investors including Techstars. Renofy offers products and services including Renofy Platform, Style Discovery Tool, and Quote Generator. Renofy operates in a competitive market with competitors including Skipp, Oasis Kitchens, RT Kitchen Cabinetry, KitchX and Extend4u, among others.
- Headquarter Chicago, United States
- Founders Amit Raz
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Sep 13, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of Renofy
Renofy offers a comprehensive portfolio of products and services, including Renofy Platform, Style Discovery Tool, and Quote Generator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for kitchen style discovery and accurate quote generation
Swiping interface to select preferred kitchen styles quickly
Generates real-time price estimates for kitchen renovations
Funding Insights of Renofy
Renofy has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in September 2021. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $20,000
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First Round
First Round
(13 Sep 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Renofy | Valuation | Techstars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Renofy
Renofy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Renofy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Renofy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Renofy Comparisons
Competitors of Renofy
Renofy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Skipp, Oasis Kitchens, RT Kitchen Cabinetry, KitchX and Extend4u, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home renovation solutions are delivered via SaaS and AI platform.
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| domain | founded_year | HQ Location |
A web-based platform is utilized for kitchen design and customization.
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| domain | founded_year | HQ Location |
Offers kitchen design, remodeling, cabinetry, and custom closets in Ontario regions.
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| domain | founded_year | HQ Location |
Provides a tech-enabled platform for home renovation planning and advisory.
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| domain | founded_year | HQ Location |
Delivers comprehensive home improvement services for homeowners.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Renofy
When was Renofy founded?
Renofy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Renofy located?
Renofy is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Renofy a funded company?
Renofy is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Sep 13, 2021.
What does Renofy do?
Renofy was established in 2020 in Chicago, United States, as an AI-driven platform in the home renovation sector. Kitchen details are submitted by users, and personalized renovation recommendations along with designs are generated accordingly. Services focus on streamlining the design process for homeowners, with operations centered in the United States. The company is led by co-founder Amit Raz.
Who are the top competitors of Renofy?
Renofy's top competitors include Skipp, Oasis Kitchens and RT Kitchen Cabinetry.
What products or services does Renofy offer?
Renofy offers Renofy Platform, Style Discovery Tool, and Quote Generator.
Who are Renofy's investors?
Renofy has 1 investor. Key investors include Techstars.