With a vision to scale their business across the country, the Edmonton-based tech start-up RenovationFind offered private investment and ownership opportunities through a Front Fundr campaign. The initial goal was to raise $750,000 to assist with their growth.
“We reached our initial goal to raise $750,000 for our first campaign on FrontFundr but had a lot of contractors and homeowners that are involved with RenovationFind interested in investing, and they had missed the deadline,” said Keith Riley, Founder and CEO of RenovationFind. “We decided to run a second campaign to give them that opportunity to invest and become part owners of the company.”
The second campaign launched today March 4, 2021.
RenovationFind.com is a directory of home improvement contractors that have gone through a third-party certification process.
For homeowners, the directory provides trusted and qualified companies for their home projects. With the background checks complete, homeowners can find a contractor without the worry of being scammed.
For contractors, RenovationFind offers a certification program that allows them to build a brand of trust. They also receive digital marketing services to help them promote their business and grow an online presence.
“We created RenovationFind to fill a major gap in the home improvement industry. We wanted to help protect homeowners from bad contractors and promote the good companies that deserve the business. Most directories online are based on consumer reviews, which are not always reliable. RenovationFind is a data-driven website that is win-win for both parties,” said Riley.
The business model has proved successful. RenovationFind has had steady growth since its launch in 2014. It saw growth in 2020, despite the economic downturn caused by the Covid-19 pandemic.
The funds raised will go towards sales, marketing, and development. RenovationFind has passed the $1 million annual recurring revenue (ARR). The tech company’s ambition is to reach $70-$100 million ARR in the Canadian market. The $750,000 and additional funds raised during the second campaign will help achieve this goal.
“The excitement and interest in being a part of our company are very encouraging. We really appreciate the support from our RenovationFind Certified contractors and homeowners, and we’re looking forward to the journey that lies ahead,” said Riley.
For an investment as little as $500, anyone can become a shareholder in RenovationFind.com through the FrontFundr campaign – https://www.frontfundr.com/renovationfind
Details of the offering can be found in the offering document at FrontFundr.com. This communication is for informational purposes only.
RenovationFind.com is a free online directory of trades, contractors, and renovation companies that have passed a stringent screening and certification process. All companies listed on RenovationFind’s directory have been vetted and are continually monitored on seven essential criteria, including legal background checks, credit background checks, Better Business Bureau (BBB) membership, business license, business insurance, and Workers Compensation Board (WCB) Coverage.
FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital and gives investors access to private companies they believe in and want to support. It provides a community of over 20,000 investors with the ability to review and complete private placements on one digital platform. The company’s revolutionary technology allows users across Canada to invest in innovative growth businesses in under 12 minutes, starting from as little as $250. To date, it has helped more than 50 companies raise over $50 million.