Renew Residential
Offers a real estate navigation platform to help find a place for a cross-country move.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $8.0m Valuation: $40.3m | Seed | |
| Total Funding | 000k | ||
| EUR | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Renew Residential provides a centralized software solution for the multifamily property management industry, designed to automate and optimize the lease renewal and renter retention process. The company's platform serves apartment owners and operators by streamlining the entire renewal lifecycle, from initial offer to final signature. This helps property managers to increase their net operating income (NOI) and improve their bottom line by reducing resident turnover.
For residents in properties that utilize Renew, the platform acts as a comprehensive portal for managing their tenancy. It allows them to renew their lease, submit a notice to vacate, or request a transfer to another unit within the property's network. The business model appears to be a B2B SaaS, where property management companies pay to use the software to manage their portfolios more efficiently. By focusing on the renewal and retention phase of the resident lifecycle, Renew addresses a key financial driver for property owners in the residential rental market.
Keywords: lease renewal, renter retention, multifamily property management, proptech, tenant management, real estate software, net operating income, resident experience, lease automation, apartment operators