Real Estate Startup SmartRent Closes $1.5M Seed Round to “Make Every Apartment Smart”

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SmartRent receives a strategic seed round in venture financing, helping the company introduce groundbreaking enterprise smart home automation technology to property managers and residents worldwide

SmartRent "Smart Apartments" will change the way we think about city living.

SmartRent technology delivers unprecedented efficiency for building managers, and a one-of-a-kind living experience for residents.

SmartRent.com, Inc today announced it has received a $1.5M seed round in venture financing, bringing the total raised to over $5M and helping the company introduce groundbreaking enterprise smart home automation technology to property managers and residents worldwide. The round was led by Real Estate Technology Ventures (RETV), a real estate industry-backed early-stage venture firm formed to invest in and help build the real estate industry’s next generation of high quality technology and service providers. RETV is backed primarily by large owners of multifamily and single-family rental properties, representing nearly 500,000 units.

The SmartRent platform connects hardware with proprietary web and mobile software to streamline operations, enhance the resident experience, and provide owners a digital layer of asset protection. The system is flexible and easy to implement in any property type at any stage, whether it’s a ground-up development, retrofit, high-rise or garden style property.

As an RETV-backed company, SmartRent joins an ambitious roster of real estate-focused startups, each exhibiting promise to prompt fundamental paradigm shifts in what future generations will technologically expect from the rental landscape. Having spent the vast majority of their respective careers deeply entrenched in building property management, each member of the SmartRent leadership team brings deep operational expertise to the table.

“From an operations perspective, we believe SmartRent technology delivers unprecedented efficiency for building managers, and a one-of-a-kind living experience for residents,” says Lucas Haldeman, CEO of SmartRent. “Our platform will completely change the game for property management, leasing, and servicing.”

ABOUT SMARTRENT

Founded in 2017, SmartRent is a real estate technology company developing end-to-end smart community solutions using proprietary autonomous IoT tools. The SmartRent solution is designed to provide property managers with seamless visibility and control of all assets while delivering an ancillary revenue opportunity through all-in-one home control offerings for residents.

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Kelly Coyne
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