# Renovate Simply

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renovate-simply

- Industry: Internet
- Headquarters: Austin, US
- Website: www.rabbet.com
- Total disclosed funding: $8.1M
- Latest round: Series A (Feb 20, 2019)
- Investors on record: 8

## About

Renovate Simply, Inc. is a technology company specializing in real estate project management solutions, providing a platform that enhances collaboration and optimizes data management for developers and capital partners.Established in 2013 and headquartered in Austin, US, Renovate Simply, Inc. focuses on streamlining real estate project execution. The company has completed a total of 4 deals, with its most recent deal occurring on February 20, 2019. In that round, Renovate Simply, Inc. raised USD 8.00 mn in Series A funding from investors including Camber Creek, Goldman Sachs Merchant Banking Division, and QED Investors. The CEO, Will Mitchell, leads the company in its efforts to innovate and adapt within the real estate sector.Rabbet offers a comprehensive platform designed specifically for real estate owners, developers, and capital partners, streamlining project execution through enhanced data management and collaboration tools. The core product offerings include Rabbet Real Estate Development and Rabbet Construction Finance, which collectively facilitate the management of real estate projects by centralizing documentation, tracking budgets, and generating advanced reports. These services address the common challenges faced by users in the real estate sector, particularly the inefficiencies stemming from outdated processes and fragmented data. Clients of Rabbet typically include real estate property owners, equity partners, construction loan administrators, affordable housing developers, accountants, investment managers, and finance teams. The platform is utilized across various geographical markets, focusing on urban developments and construction projects in North America, Europe, and select regions in Asia.Rabbet's revenue model primarily revolves around subscription-based services which provide clients with access to its platform and tools. This model facilitates regular income from clients who utilize the platform for ongoing project management and financial oversight. Transactions typically occur through annual or monthly subscription plans that scale with the size of the client’s portfolio or project requirements. Clients may also engage in partnerships that deepen their integration with Rabbet’s software, enhancing their operational capabilities. While specific pricing plans for individual products or services are not disclosed, the platform's offerings, particularly in construction finance and real estate development, are designed to optimize project outcomes and mitigate execution risks, driving value for a diverse range of end users within the real estate sector.In February 2019, Renovate Simply, Inc. raised USD 8 mn in Series A funding. The company plans to utilize this funding to enhance its product offerings by developing new features and tools aimed at improving user experience and expanding functionality on its platform. Additionally, Renovate Simply, Inc. is looking to enter new markets, specifically targeting urban developments in emerging regions in Asia by 2025. This strategic move is aimed at leveraging the growing demand for streamlined real estate project management solutions in those areas.

## Funding rounds

- Series A, Feb 20, 2019, $8M — Goldman Sachs Asset Management, QED Investors, Camber Creek
- Seed, Aug 21, 2017, $0.1M — Y Combinator, Tectonic Capital
- Seed, Jun 6, 2017 — Temerity Capital Partners, Tectonic Capital
- Seed, Jul 25, 2016 — Central Texas Angel Network, Digitech Venture Capital

## Investors

- Central Texas Angel Network — Seed
- Digitech Venture Capital (https://capitalatlas.ai/funds/digitech-venture-capital) — Seed
- Temerity Capital Partners (https://capitalatlas.ai/funds/temerity-capital-partners) — Seed
- Tectonic Capital (https://capitalatlas.ai/funds/tectonic-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series A
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A
- Camber Creek (https://capitalatlas.ai/funds/camber-creek) — Series A