RenoRun

Overview
News
Construction Tech?
Product stageSegments
Growth
?
Procurement and Inventory Management
?

RenoRun is an ecommerce platform for construction and building materials that aims to streamline the supply chain for builders and contractors. Founded in 2017 in Montreal, Canada, the company offers an on-demand delivery service for construction supplies, including lumber, drywall, insulation, shingles, siding, hardware, doors, and paint. RenoRun's platform allows contractors to order materials through a desktop site or mobile app, with deliveries made within two to four hours directly to job sites. The company sources materials from local hardware stores and its own network of warehouses, offering over 4,500 products through its online catalog.

RenoRun's business model is designed to increase job site efficiency by eliminating the need for contractors to leave work sites to purchase supplies, saving time and reducing labor costs. The platform also enables contractors to manage material orders across multiple job sites, consolidating purchases from various vendors. In addition to its core delivery service, RenoRun has expanded its offerings to include a FinTech product to help contractors finance material purchases.

The company experienced significant growth, particularly during the Covid-19 pandemic, as customers were drawn to contactless delivery options. By February 2022, RenoRun had expanded its operations to serve six markets across Canada and the US, including Boston, Chicago, Philadelphia, Toronto, Montreal, and Washington D.C. At that time, the company reported having over 500 employees and serving more than 10,000 customers. RenoRun claimed to be growing 2x to 3x year-over-year and expected to exceed nine figures in revenue in 2022.

However, in May 2023, RenoRun faced significant challenges and was forced to shut down its operations. The company entered an insolvency process and began pursuing the sale of its assets through Quebec courts.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Montréal QC CAN
Founded year:
2016
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 163.7 mn
Last Funding:
USD 142.6 mn (Series B; Feb 2022)
Last valuation:
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Company profile
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