About Smart Reno
Smart Reno is a company based in Quebec City (Canada) founded in 2012 was acquired by RBC Ventures in May 2019.. Smart Reno has raised $2.83 million across 3 funding rounds from investors including BDC, Anges Québec and Pierre Fleurent. The company has 24 employees as of December 31, 2024. Smart Reno has completed 1 acquisition, including Zoomission.com. Smart Reno operates in a competitive market with competitors including HomeStars, Souqh, Contractors.com, RenoTag and GO Radius Solutions, among others.
- Headquarter Quebec City, Canada
- Employees 24 as on 31 Dec, 2024
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.83 M (USD)
in 3 rounds
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Latest Funding Round
$1.6 M (USD), Series A
Nov 24, 2015
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Investors
BDC
& 7 more
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Employee Count
24
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
RBC Ventures
(May 30, 2019)
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Funding Insights of Smart Reno
Smart Reno has successfully raised a total of $2.83M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.6 million completed in November 2015. 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 A — $1.6M
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First Round
First Round
(01 Jun 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series A - Smart Reno | Valuation | Anges Quebec | |
| Oct, 2013 | Amount | Seed - Smart Reno | Valuation |
investors |
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| Jun, 2012 | Amount | Angel Round - Smart Reno | Valuation |
investors |
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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 Smart Reno
Smart Reno has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BDC, Anges Québec and Pierre Fleurent. 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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Angel investment network supporting innovative entrepreneurs in Canada.
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Founded Year | Domain | Location | |
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Accelerator & VC firm backed by RBC Royal Bank
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 Smart Reno
Smart Reno has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zoomission.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Listing platform for building contractors
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Smart Reno
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smart Reno Comparisons
Competitors of Smart Reno
Smart Reno 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 HomeStars, Souqh, Contractors.com, RenoTag and GO Radius Solutions, 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 improvement contractors are connected to homeowners via user reviews.
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| domain | founded_year | HQ Location |
An online marketplace for home improvement services is operated.
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| domain | founded_year | HQ Location |
Online directory connects homeowners with trusted contractors nationwide.
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| domain | founded_year | HQ Location |
An online marketplace is operated for booking home improvement professionals.
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| domain | founded_year | HQ Location |
GO Radius Solutions operates an app-based platform for listing local services.
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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 Smart Reno
Frequently Asked Questions about Smart Reno
When was Smart Reno founded?
Smart Reno was founded in 2012.
Where is Smart Reno located?
Smart Reno is headquartered in Quebec City, Canada. It is registered at Quebec City, Quebec, Canada.
Is Smart Reno a funded company?
Smart Reno is a funded company, having raised a total of $2.83M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $500K, raised on Jun 01, 2012.
How many employees does Smart Reno have?
As of Dec 31, 2024, the latest employee count at Smart Reno is 24.
What does Smart Reno do?
An online marketplace for home repair and improvement services was established in 2012 in Quebec City, Canada. Work requirements are specified by homeowners, who receive quotes from three contractors for comparison and service ordering. Categories covered include painting, roofing, paving, cleaning, and plumbing. Operations are maintained across 10 major Canadian cities.
Who are the top competitors of Smart Reno?
How many acquisitions has Smart Reno made?
Smart Reno has made 1 acquisition, including Zoomission.com.
Who are Smart Reno's investors?
Smart Reno has 8 investors. Key investors include BDC, Anges Québec, Pierre Fleurent, Mike Cegelski, and Daniel Robichaud.
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