# Rennovater Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rennovater-co

- Industry: Real Estate Development & Operating Companies
- Headquarters: Kyotanabe-shi, Japan
- Website: www.rennovater.co.jp
- Total disclosed funding: $1.4M
- Latest round: Series B (Jun 24, 2022)
- Investors on record: 5

## About

Based in Japan, Rennovater Co., Ltd. specializes in innovative housing solutions aimed at assisting individuals in securing affordable living spaces through comprehensive property management services and community engagement initiatives.Rennovater Co., Ltd. was founded in 2018 in Kyotanabe-shi, Japan, focusing on providing housing solutions to individuals facing difficulties in securing affordable living spaces. The company has completed two deals, with their most recent deal occurring on June 24, 2022, when they raised JPY 125 million in a Series B funding round from several investors including KIBOW Foundation and The Nippon Foundation. The total amount raised by the company is JPY 125 million, with a current valuation of JPY 970.494 million.Rennovater???? specializes in providing housing solutions aimed at individuals facing difficulties in securing affordable living spaces. Their core offerings include diverse services for prospective tenants, vacant home owners, municipal bodies, and non-profit organizations, all designed to promote the acquisition and utilization of underutilized properties. The company focuses on creating a pathway for individuals to live in stress-free housing environments by ensuring the provision of homes with no initial moving costs. Rennovater actively engages with a broad customer base, including individuals seeking affordable housing options, property owners looking to monetize or manage their vacant homes, and investors interested in socially responsible ventures. Their services are particularly targeted at regions in Japan, where they have established partnerships with local governments and support organizations to tackle housing challenges effectively.Rennovater’s revenue model is structured around facilitating transactions between various stakeholders, including individuals, property owners, and municipal entities. The company generates income primarily through property management contracts, acquisition deals, and advisory services related to vacant homes. Transactions can involve direct agreements with property owners for either purchasing or leasing vacant units, thereby allowing owners to alleviate their property management concerns. Additionally, Rennovater collaborates with local governments and nonprofits, offering tailored programs that support residents in securing housing, which may also contribute to revenue through formal partnerships. The firm’s pricing structure is aligned with its mission to provide affordable housing, which is reflected in their commitment to low or waived initial fees for tenants, thereby enhancing accessibility while fostering community engagement.In June 2022, Rennovater raised JPY 125 million in Series B funding to further support their growth initiatives. These funds will be utilized for securing additional properties, recruitment, and investing in new business ventures to expand their service offerings. The company is also exploring the introduction of new products aimed at enhancing their housing solutions, although specific product launch dates have not been disclosed. Furthermore, Rennovater plans to expand its operations into new geographical regions within Japan, aiming to address housing challenges in underserved areas in the coming years.

## Funding rounds

- Series B, Jun 24, 2022, $0.9M — MIRAIDOOR, Social Innovation Partners, KIBOW Foundation, The Nippon Foundation, Kyoshin Social Capital
- Series A, Feb 28, 2020, $0.5M — KIBOW Foundation

## Investors

- KIBOW Foundation (https://capitalatlas.ai/funds/kibow-foundation) — Series A, Series B
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Series B
- Social Innovation Partners (https://capitalatlas.ai/funds/social-innovation-partners) — Series B
- The Nippon Foundation — Series B
- Kyoshin Social Capital (https://capitalatlas.ai/funds/kyoshin-social-capital) — Series B