SmartRent Secures $1.5 in Seed Funding from RET Ventures

SmartRent Secures $1.5 in Seed Funding from RET VenturesSmartRent Secures $1.5 in Seed Funding from RET Ventures

SmartRent is pleased to announce that we have received $1.5 million in venture funding from Real Estate Technology Ventures (RET Ventures). To date, we have raised over $5 million in funds to develop software for property developers, owners, managers and residents to have one centralized location to manage their smart home connected devices. The latest round in funding comes just as we launch new mobile application features for property managers and residents.

Lucas Haldeman, CEO and Founder of SmartRent, believes that the RET Ventures support will help pave the way for our IoT platform to continue its growth for the industry. “Our platform will completely change the game for property management, leasing and servicing,” said Haldeman
As the rental landscape changes, more residents are coming to expect smart home technology in their homes to keep up with the modern technological trends. It’s become clear that voice activated devices and smart thermostats have become a standard expectation among younger renters; 50 percent of renters are under 30 years old according to the National Multifamily Housing Council. Multifamily communities are now scrambling to keep up with this growing trend. SmartRent offers a way for property managers and owners to retrofit existing buildings with this technology and manage all connected devices on one platform. We guide multifamily properties through the process from installation to implementation to support post-installation. Additionally, developers can preemptively provide this upgrade option into their building costs.
One major benefit to the industry that SmartRent offers is a way to self show properties once keyless locks are installed. Property managers and owners can use the SmartRent application to provide prospective residents with an access code to vacant units so they can view the property on their own time.

“From an operations perspective, we believe SmartRent technology delivers unprecedented efficiency for building managers, and a one-of-a-kind living experience for residents,” said Haldeman.

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