RenoRun, a Canadian app-based service that connects contractors with on-demand delivery of construction materials to jobsites, received CA$22.5 million (approximately U.S. $17 million) in Series A funding. That money will go directly into technology and expansion in cities it serves in Canada and the United States, said RenoRun COO Daniel Schacter.
The investment was led by Inovia Capital and Obvious Ventures.
The app, which is meant to be pronounced like the first part of “renovation,” boasts the ability to deliver building supplies to a jobsite in the area it serves — Montreal, Toronto and Austin, Texas — in as little as two hours with a flat rate of $60 per delivery, plus cost of materials.
