Tech Company Financing Transactions
RenoFi Funding Round
RenoFi, based in Philadelphia, received $6.4 million from Canaan Partners, Comcast Ventures and First Round Capital.
Transaction Overview
Company Name
Announced On
6/25/2020
Transaction Type
Venture Equity
Amount
$6,400,000
Round
Series A
Investors
Proceeds Purpose
The company plans to use its new capital to fund further product development of its Renovation Underwriting Platform, creating more awareness of RenoFi Loans as it expands into new geographies and bringing on additional lending partners.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
2400 Market St. 261
Philadelphia, PA 19103
USA
Philadelphia, PA 19103
USA
Phone
Website
Email Address
Overview
RenoFi offers the first home equity loan purpose built for renovations. For homeowners planning a renovation, RenoFi loans let you borrow the most money at the best possible terms without the need to refinance your primary mortgage. This is because RenoFi uses the expected value of your home post-renovation rather than your home's current value, increasing your borrowing power.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Justin Goldman
Chief Technical Officer
Robert Shedd
President
Lee Miller
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About Our Venture Capital Transactions Database
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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