# Renovation Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renovation-finance

- Industry: Financial Services
- Headquarters: Claymont, US
- Website: www.renofi.com
- Total disclosed funding: $43M
- Latest round: Series B (Mar 3, 2026)
- Investors on record: 15

## About

Renovation Finance LLC provides innovative financing solutions for home renovations, enabling homeowners to leverage future property value for funding projects without the need to refinance existing mortgages.Founded in 2018 and headquartered in Walnut Creek, US, Renovation Finance LLC focuses on home renovation financing. The company was founded by Justin Goldman, Lee Miller, and Robert Shedd. In March 2026, Renovation Finance LLC raised USD 22 million in series B funding co-led by Fifth Wall Ventures and Progressive, with participation from HighSage Ventures, Alumni Ventures Group, Flintlock Capital, Gaingels, Ardent Credit Union, First Community Credit Union, Chartway Credit Union, USALLIANCE Financial, Canaan Partners, First Round Capital, Curql, and TruStage Ventures. RenoFi specializes in providing innovative home renovation financing solutions through its core product, the RenoFi Loan. This loan enables homeowners to borrow against the future value of their property post-renovation, maximizing their borrowing potential. RenoFi Loans support various renovation projects, allowing homeowners to retain favorable interest rates without refinancing existing mortgages. Their services are primarily available in metropolitan areas across the United States, targeting homeowners looking to upgrade or renovate their homes. RenoFi generates revenue primarily through partnerships with third-party lenders using its proprietary Renovation Underwriting technology to offer RenoFi Loans. The revenue model involves facilitating loan applications and approvals for homeowners, where lenders may charge closing costs and fees. Fees cover origination, title, and escrow services, depending on the loan amount. The core revenue stream is linked to loan transactions that enable borrowers to leverage their home’s future value, streamlining financing for home improvements. The company plans to utilize the March 2026 funding to grow its retail team, expand partnerships, and accelerate AI platform development.

## Funding rounds

- Series B, Mar 3, 2026, $22M — Canaan Partners, Progressive, First Round Capital, Alumni Ventures Group, Gaingels, Fifth Wall Ventures, First Community Credit Union, HighSage Ventures, Ardent Credit Union, Curql, Flintlock Capital, TruStage Ventures
- Series A, Jul 2, 2021, $14M — Canaan Partners, Nyca, CMFG Ventures
- Series A, Jun 23, 2020, $6.4M — Canaan Partners, Comcast Ventures, First Round Capital
- Seed, Jan 1, 2020, $0.8M — First Round Capital

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A
- CMFG Ventures — Series A
- Progressive — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series B
- First Community Credit Union — Series B
- HighSage Ventures (https://capitalatlas.ai/funds/highsage-ventures) — Series B
- Ardent Credit Union — Series B
- Curql (https://capitalatlas.ai/funds/curql) — Series B
- Flintlock Capital (https://capitalatlas.ai/funds/flintlock-capital) — Series B
- TruStage Ventures — Series B