SmartRent

Valuation $2B

About SmartRent

SmartRent is an enterprise home automation and internet of things platform for the multifamily industry.
Headquarters SmartRent, Scottsdale
Founded 2017-01-01
Industry Information Technology, Property Management, Rental Property, SaaS, Smart Home, Software
Last Funding Type Post Ipo Equity
Valuation 2
Total Funding $256.50 million dollars
IPO Status Public

Financial

SmartRent reported a 32% year-over-year growth in its SaaS segment for the first quarter of 2024. Additionally, the company secured a lease for a new headquarters in Phoenix.

SmartRent's CEO has resigned, and the company has suspended its 2024 outlook, leading to a significant drop in stock price. Additionally, SmartRent has introduced the Alloy Deadbolt, a smart lock designed for rental housing. The company also reported a 32% year-over-year growth in SaaS revenue for the first quarter of 2024.
Funding Rounds 6
Number of Lead Investors 3
Total Funding Amount  $256.50 million dollars
Number of Investors 18

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Andrew Schoen
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