About SmartRent
SmartRent is a company based in Scottsdale (United States) founded in 2017 by Lucas Haldeman.. SmartRent has raised $137.57 million across 7 funding rounds from investors including Lennar, Fifth Wall and Essex Apartment Homes. The company has 494 employees as of December 31, 2024. SmartRent has completed 2 acquisitions, including SightPlan and iQuue. SmartRent offers products and services including Alloy Hardware, Resident App, and Access Control. SmartRent operates in a competitive market with competitors including ADT, Alarm.com, Nest, ecobee and Wyze, among others.
- Headquarter Scottsdale, United States
- Employees 494 as on 31 Dec, 2024
- Founders Lucas Haldeman
- Stage Public
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartrent, Inc.
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Annual Revenue
$174.88 M-26.16as on Dec 31, 2024
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Net Profit
$-33.64 M2.73as on Dec 31, 2024
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EBITDA
$-26.53 M23.77as on Dec 31, 2024
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Total Equity Funding
$137.57 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Lennar
& 9 more
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Employee Count
494
as on Dec 31, 2024
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Investments & Acquisitions
SightPlan
& 1 more
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IPO & Listings of SmartRent
SmartRent is a publicly listed company on the NYSE with ticker symbol SMRT in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of SmartRent
SmartRent offers a comprehensive portfolio of products and services, including Alloy Hardware, Resident App, and Access Control. 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.
Hardware hubs, locks, and sensors for property automation
App for managing resident experiences and community access
System for cloud-based community protection and management
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Software Development Team
21 people
Sales and Marketing
11 people
Leadership Team
11 people
Account Team
6 people
Senior Team
5 people
Human Resources and Administration
4 people
Finance and Accounting
3 people
Product Management Team
3 people
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Funding Insights of SmartRent
SmartRent has successfully raised a total of $137.57M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(16 Mar 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Post-IPO - SmartRent | Valuation |
investors |
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| Mar, 2020 | Amount | Series C - SmartRent | Valuation | Spark Capital | |
| Oct, 2019 | Amount | Series B - SmartRent | Valuation |
investors |
| 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 SmartRent
SmartRent has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Lennar, Fifth Wall and Essex Apartment Homes. 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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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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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 SmartRent
SmartRent has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include SightPlan and iQuue. 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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IoT services are delivered by iQuue to support connected technologies.
|
2015 | ||||
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SaaS platform for multifamily building management is provided.
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2013 |
| 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 - SmartRent
| 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 |
Smartrent Comparisons
Competitors of SmartRent
SmartRent 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 ADT, Alarm.com, Nest, ecobee and Wyze, 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 |
Cloud-based surveillance solutions for home and business security are provided.
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| domain | founded_year | HQ Location |
Cloud-based video intercoms and physical security systems are provided.
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| domain | founded_year | HQ Location |
Provider of hardware and software for monitoring home energy consumption
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Cloud-based smart security cameras are manufactured for video surveillance.
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| domain | founded_year | HQ Location |
Cloud-based smart security cameras are manufactured for home use.
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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 Smartrent
Frequently Asked Questions about SmartRent
When was SmartRent founded?
SmartRent was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is SmartRent located?
SmartRent is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Who is the current CEO of SmartRent?
Lucas Haldeman is the current CEO of SmartRent. They have also founded this company.
Is SmartRent a funded company?
SmartRent is a funded company, having raised a total of $137.57M across 7 funding rounds to date.
How many employees does SmartRent have?
As of Dec 31, 2024, the latest employee count at SmartRent is 494.
What is the annual revenue of SmartRent?
Annual revenue of SmartRent is $174.88M as on Dec 31, 2024.
What does SmartRent do?
Founded in 2017 and based in Scottsdale, United States, SmartRent operates within the smart home technology sector for property management. Cloud-based platforms are employed to allow control over locks, cameras, lights, and thermostats by managers, owners, and renters. Maintenance requests are handled, asset performance is monitored, energy use is tracked, and repairs are scheduled. Predictive analytics for issues are supported, with oversight extended to multiple rental properties.
Who are the top competitors of SmartRent?
What products or services does SmartRent offer?
SmartRent offers Alloy Hardware, Resident App, and Access Control.
Is SmartRent publicly traded?
Yes, SmartRent is publicly traded on NYSE under the ticker symbol SMRT.
How many acquisitions has SmartRent made?
Who are SmartRent's investors?
SmartRent has 10 investors. Key investors include Lennar, Fifth Wall, Essex Apartment Homes, United Dominion Realty Trust, and Spark Capital.
What is SmartRent's ticker symbol?
The ticker symbol of SmartRent is SMRT on NYSE.
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