SmartRent.com, Inc.
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SmartRent.com, Inc. - overview
Established
2017
Location
Scottsdale, AZ, US
Primary Industry
Software
About
SmartRent. com, Inc. is a US-based company specializing in smart home technology solutions that enhance living experiences in multifamily communities and improve operational efficiencies for property managers. SmartRent.
com, Inc. focuses on providing smart home automation solutions. Founded in 2017, the company is headquartered in Scottsdale, US. The founders, Lucas Haldeman and Mitch Karren, have also contributed to the growth of the smart home technology sector.
In April 2021, SmartRent raised USD 155 mn in PIPE funding from notable investors including Baron Capital, Blackstone Group, and Invitation Homes. This funding round marked a significant milestone in their investment trajectory, raising the total amount to USD 155 mn. SmartRent, Inc. specializes in providing smart home solutions designed to enhance the living experience within multifamily communities and optimize operational efficiencies for property managers.
Their core offerings include a comprehensive smart home automation platform that integrates various hardware—such as smart locks, thermostats, and sensors—with cloud-based enterprise software. This seamless connectivity allows property managers to automate operations, protect assets, and reduce energy consumption. Target end users include both property managers and residents across various geographical markets, including urban centers in the United States. The company has gained traction with significant operators in the rental housing industry, leveraging tailored solutions that adapt to the unique needs of their assets.
In 2024, SmartRent generated a revenue of USD 174. 89 mn with an EBITDA of USD -35. 28 mn. Their revenue model is primarily based on subscription services that provide clients access to their suite of smart home solutions, ensuring a continued stream of income aligned with property management needs.
Following their recent PIPE funding of USD 155 mn in April 2021, SmartRent. com, Inc. plans to utilize these resources to enhance product availability globally. The company aims to expand its operations into new geographic markets, with specific targets yet to be disclosed.
This funding will also support the design and launch of new products, furthering their commitment to smart home technology in the multifamily sector.
Current Investors
RET Ventures, Bain Capital, Starwood Capital Group
Primary Industry
Software
Sub Industries
Systems Management Software, Application Integration Software
Website
www.smartrent.com
Verticals
IoT (Internet of Things), Mobile Apps, Real Estate Tech
Total Amount Raised
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