What is SmartRent?
Founded in 2017 and headquartered in Scottsdale, Arizona, SmartRent, Inc. serves as a critical infrastructure provider for the multifamily rental industry. The company offers a comprehensive platform that bridges the gap between physical smart home hardware and cloud-based SaaS management tools. By providing seamless visibility and control over real estate assets, SmartRent enables operators to automate complex workflows, implement access control, and facilitate self-guided tours. This integrated approach not only simplifies property management but also elevates the resident experience, establishing SmartRent as a pivotal player in the modern PropTech landscape.
How much funding has SmartRent raised?
SmartRent has raised a total of $98.5M across 4 funding rounds:
Angel/Seed
$1.5M
Series A
$5M
Series B
$32M
Series C
$60M
Angel/Seed (2018): $1.5M with participation from RET Ventures
Series A (2018): $5M led by Real Estate Technology Ventures
Series B (2019): $32M supported by Starwood Capital, UDR, Inc., Essex Property Trust, RET Ventures, and Bain Capital Ventures
Series C (2020): $60M featuring Amazon, Fifth Wall, RET Ventures, Bain Capital Ventures, Energy Impact Partners, and Spark Capital
Key Investors in SmartRent
RET Ventures
A leading real estate technology investment firm, RET Ventures is the first industry-backed early-stage venture fund to strategically focus on helping build cutting-edge rent tech for multifamily and single-family rental real estate.
Bain Capital Ventures
Bain Capital is a leading private investment firm that applies deep sector expertise and broad capabilities to drive innovation in investment strategies and unlock opportunities for its portfolio companies.
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry, connecting the world's largest owners and operators with entrepreneurs redefining the physical environment.
What's next for SmartRent?
With the support of its latest capital injection, SmartRent is well-positioned to deepen its integration with existing property management systems and expand its suite of smart community services. The company's strategic focus remains on scaling its footprint across the global rental market, leveraging its unique ecosystem of hardware and software to drive digital transformation in real estate. As the demand for automated, efficient, and connected living spaces continues to rise, SmartRent is poised to maintain its competitive edge by delivering scalable solutions that address the evolving needs of property owners and residents alike.
See full SmartRent company page
