RenoRun, a construction material delivery service, has raised US$17.1 million (CA$22.5 million) in Series A funding co-led by Inovia Capital and Obvious Ventures.
Through its “builder-friendly,” data-driven app, Montreal, Quebec-based RenoRun says its goal is to save contractors time and money by planning, sourcing and delivering scheduled or “just-in-time” building supplies and materials directly to a jobsite “in as little as two hours.”
Launched by builder veterans in 2017, RenoRun says that over 20,000 materials can be found via its app.
If they come across an unforeseen material shortage, they then “have to waste time and money sending an employee offsite to make urgent purchases,” the company says.
RenoRun instead, the startup claims, gives contractors a way to order materials from just one supplier.
In other construction tech news, Santa Monica-based BuildOps, a startup that aims to provide an “all-in-one field service and business process software platform for small and medium-sized subcontractors in the commercial real estate industry,” announced last Friday that it raised $5.8 million in two tranches of its seed round.
The company says its subscription software for commercial subcontractors “provides seamless communication between a firm’s field technicians and back office.”