Wreno, a Scottsdale, Arizona-based cutting-edge proptech platform that trains and connects workers and trade partners with institutional real estate companies, announced that it raised $5 million in seed funding. The company has raised a total of $6.1 million to date.
The round was led by Lerer Hippeau, with participation from Fifth Wall, Owl Ventures, and NFX, among others. The round’s angel participation also includes senior management from top single-family home institutions, as well as founders such as Vikas Choudhary from Porter and Alexey Dubov and Sam Ruben from Mighty Buildings.
This investment will allow the company to continue to scale into new markets across the US, leverage new technologies, develop new service offerings for customers, and further enhance the platform’s existing machine learning capabilities.
Wreno's end-to-end proptech solution aims to solve labor supply issues in-home evaluation, renovation, and maintenance trades.
Company: Wreno Inc.
Raised: $5.0M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Lerer Hippeau
Additional Investors: Fifth Wall, Owl Ventures, NFX, Vikas Choudhary, Alexey Dubov, and Sam Ruben
Company Website: https://www.wreno.io/
Software Category: Home Evaluation & Maintenance Technology Platform
About the Company: Founded in 2021 by Charlotte Schell and Mark Barton, Wreno is an end-to-end home evaluation and maintenance service platform for iBuyers, REITs, and Prop Tech companies. Using the latest in ML and computer vision, Wreno upskills gig workers to provide faster and more accurate home estimations and data collection at scale, while also optimizing fragmented local trade businesses to provide much-needed repair and maintenance services. Wreno’s full suite of technology also allows real estate companies to recruit, onboard, train, and deploy their own internal home evaluation professionals and vendors at scale. Currently based in Arizona, the company works with some of the country’s largest institutional real estate companies across five states already, connecting them with skilled workers and trade partners to help maintain, repair, renovate, and evaluate tens of thousands of homes.
Source: https://www.businesswire.com/news/home/20220831005124/en/Wreno-Raises-5M-in-Seed-Funding-Led-by-Lerer-Hippeau