SmartRent

Smart home automation for property management

Scottsdale, Arizona, United States

About SmartRent

SmartRent offers smart home automation solutions tailored for multifamily communities, single-family rentals, and student housing. The company integrates smart devices and property management systems into a single platform, helping property managers streamline operations and enhance security. Unlike competitors, SmartRent focuses on customization and seamless integration with existing systems, allowing for efficient management of properties. The goal is to improve efficiency, security, and resident satisfaction in the real estate industry.

Scottsdale, ArizonaHeadquarters

2017Year Founded

$276.7MTotal Funding

IPOCompany Stage

Hardware, Enterprise Software, Real EstateIndustries

201-500Employees

Benefits

Medical, dental, & vision coverage

Inclusive work environment

Generous PTO

401k

Employee stock purchase plans

Risks

Potential securities fraud investigation could harm SmartRent's reputation and finances.

CEO transition may cause strategic shifts or instability within the company.

Increased competition in smart home automation could pressure market share and pricing.

Differentiation

SmartRent offers tailored smart home solutions for multifamily and single-family rentals.

The company integrates AI and IoT for enhanced property management efficiency.

SmartRent's platform centralizes access control, maintenance, and leasing for streamlined operations.

Upsides

Growing demand for smart home tech in multifamily housing boosts SmartRent's market potential.

AI and IoT integration enhances operational efficiencies and resident experiences.

New maintenance dashboards and Alloy Fusion Hub improve property performance and user experience.

Funding

Total raised$276.74 M

Latest valuation$2.20 B

StageIPO

SPAC IPO

3/31/2021

Fifth Wall Acquisition Corp I

$345

$2.20 B

SPAC PRIVATE PLACEMENT

3/31/2021

$155

$2.20 B

LATE VC

2/28/2021

Lennar

$31

$300.00 M

SERIES C

4/30/2020

$60