SmartRent Raises $60M in Series C Financing


SmartRent, a Scottsdale, Ariz.-based provider of smart home automation for property owners, managers, developers and residents, closed a $60m Series C funding.

The round was led by Spark Capital with participation from Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Ventures and RET Ventures.

The company intends to use the funds to expand its product portfolio.

Founded in 2017 and led by Lucas Haldeman, CEO and Co-founder, SmartRent offers a range of connected, brand-agnostic solutions designed to give multifamily property owners, managers and residents security protection across their property. Solutions include the Alloy Fusion all-in-one touchscreen hub and thermostat, the newly launched Alloy Access for access control, and self-guided tours.

Currently, companies such as Essex Property Trust, MAA and Aimco use SmartRent to connect, automate, protect and manage tens of thousands of housing units nationwide.



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