About Renoviso
Renoviso is a company based in North Andover (United States) founded in 2014.. Renoviso has raised $11.9 million across 3 funding rounds from investors including Bessemer Venture Partners, NextGen Venture Partners and FJ Labs. The company has 24 employees as of December 31, 2018. Renoviso offers products and services including Soundproofing Curtains, Acoustic Panels, and Insulation Materials. Renoviso operates in a competitive market with competitors including Houzz, Curbio, Lessen, HomeAdvisor and Plunk, among others.
- Headquarter North Andover, United States
- Employees 24 as on 31 Dec, 2018
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Sectors
Business ServicesReal Estate & Construction Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Renoviso, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.9 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Feb 13, 2018
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Investors
Bessemer Venture Partners
& 8 more
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Employee Count
24
as on Dec 31, 2018
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Products & Services of Renoviso
Renoviso offers a comprehensive portfolio of products and services, including Soundproofing Curtains, Acoustic Panels, and Insulation Materials. 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.
Curtains that help reduce noise in indoor spaces
Panels for absorbing echoes and improving sound quality
Materials used to create quiet and comfortable living areas
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Funding Insights of Renoviso
Renoviso has successfully raised a total of $11.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in February 2018. 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 3
- Last Round Series B — $7.0M
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First Round
First Round
(17 Aug 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series B - Renoviso | Valuation | Corigin Ventures | |
| Aug, 2016 | Amount | Series A - Renoviso | Valuation | Bessemer Venture Partners | |
| Aug, 2015 | Amount | Seed - Renoviso | Valuation | NextView Ventures |
| 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 Renoviso
Renoviso has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, NextGen Venture Partners and FJ Labs. 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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Tech focused Seed & Early stage VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Seed-stage tech startups are invested in by NextView Ventures.
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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 Renoviso
| 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 - Renoviso
| 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 |
Renoviso Comparisons
Competitors of Renoviso
Renoviso 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 Houzz, Curbio, Lessen, HomeAdvisor and Plunk, 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 design, decorating, and renovation platform is operated online.
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| domain | founded_year | HQ Location |
Online platform providing in-house home improvement services for homeowners
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| domain | founded_year | HQ Location |
Lessen was founded in 2019 in Valencia, Spain.
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| domain | founded_year | HQ Location |
Marketplace for home improvement professionals
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| domain | founded_year | HQ Location |
AI-driven property appraisal software is provided for real estate professionals.
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| domain | founded_year | HQ Location |
Provider of home repair, renovation, and maintenance solutions for homeowners
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Renoviso
Frequently Asked Questions about Renoviso
When was Renoviso founded?
Renoviso was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Renoviso located?
Renoviso is headquartered in North Andover, United States. It is registered at North Andover, Massachusetts, United States.
Is Renoviso a funded company?
Renoviso is a funded company, having raised a total of $11.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Aug 17, 2015.
How many employees does Renoviso have?
As of Dec 31, 2018, the latest employee count at Renoviso is 24.
What does Renoviso do?
Renoviso was founded in 2014 and is headquartered in North Andover, United States. The company operates in the ecommerce sector focused on home renovations. Customized orders for factory-direct products are facilitated through an online platform, where professional home inspections can be arranged. Delivery and installation services are provided by certified master installers to ensure completion.
Who are the top competitors of Renoviso?
Renoviso's top competitors include Houzz, BOSSCAT Home Services and Technologies and Wrench Group.
What products or services does Renoviso offer?
Renoviso offers Soundproofing Curtains, Acoustic Panels, and Insulation Materials.
Who are Renoviso's investors?
Renoviso has 9 investors. Key investors include Bessemer Venture Partners, NextGen Venture Partners, FJ Labs, Corigin Ventures, and NextView Ventures.