Back to News

SmartRent Secures $5 Million in Series A Funding from RET Ventures

November 13, 2018

We are pleased to announce that we have closed $5 million in series A funding from Real Estate Technology Ventures (RET Ventures). This will help to fuel the aggressive growth strategy we have in place for 2019 and beyond. In total, we have received more than $10 million in funding to date.

Founded in 2017, RET Ventures focuses on early-stage investments for companies looking to add value to the multifamily rental industry. By investing in SmartRent, they have solidified their opinion that our software is the expectation for the future of smart home connected platforms.

SmartRent Founder and CEO Lucas Haldeman is excited for what this funding means for the prospect of smart home technology. “We’re so early on and we’ve made great progress, but we want to make deep penetration into this industry,” said Haldeman. “We’re continuing to enhance our offering and we’re focused on growing and expanding.”

As more multifamily communities are looking to add smart home technology to their units, it’s become

three buckets of different sizes with money in them

clear that SmartRent can offer developers and property managers a way to seamlessly connect all smart devices while providing a higher standard of living for residents. We offer property analytics and asset protection through our platform for owners and managers so they can detect a leak before it becomes a catastrophic event, and a way to manage their keyless properties among other offerings.

SmartRent community residents enjoy the benefits of one easy-to-use platform to manage their smart home devices. They also have access to our highly-trained support team that are accessible via chat, email or phone to help with any issues they may be having with their smart devices.

close up of desk with analytics and technology

Here are a few of the features we offer residents via our mobile and web application:

  • Smart lock management
  • Thermostat temperature settings
  • Smart plug control
  • Voice activation connection
  • Smart lighting adjustments
  • Leak sensor alerts

You can read more about our series A funding from Tech Crunch or Business Wire.