On November 4, 2019 , RenoRun announced a $22.5 million series A financing led by iNovia Capital and US-based Obvious Ventures, as well as new investors Maple Ventures and Silicon Valley Bank. The capital from the Series A will be used to help scale RenoRun’s business in each of the cities that is currently operates in, as well as help it expand into more US cities over the coming year.
iNovia Capital is a venture firm that partners with audacious founders to build enduring global technology companies. They aim to transform venture capital by perfecting the craft of investing in people first with dedicated, long-term mentorship, a global talent network and strategic support for global scale.
Montreal-based RenoRun, which also has offices and operates in Toronto and Austin, Texas, has created an app that helps contractors have materials delivered to construction and renovation sites.
Osler, Hoskin & Harcourt LLP advised iNovia with a team consisting of Chima Ubani and Natasha Gould (Corporate).