RenoFi is the AI-enabled renovation financing platform empowering every homeowner to be a renovator. Headquartered in Philadelphia and founded in 2018, RenoFi created the world's first Renovation Home Equity Line of Credit (HELOC), a one-of-a-kind solution that uses a home's After-Renovation Value (ARV)-not just its current value-to unlock dramatically more borrowing power. By leveraging its proprietary Renovation Underwriting technology platform, RenoFi enables lenders, embedded partners and consumers alike to finance major home renovations. Partnering with trusted credit unions and lenders nationwide, RenoFi offers a full suite of renovation loan products at competitive rates, serving homeowners in 48 states. To date, RenoFi has helped finance over $2B in renovations, enabling equity-light homeowners to access 11x more funds on average without refinancing their existing mortgage.

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Funding Events

Date	Amount	Type	Investors	Valuation
03/03/26	$22,000,000	Series B	Alumni Ventures Group Ardent Credit Union Canaan Partners Chartway Credit Union Curql Fifth Wall First Community Credit Union First Round Capital Flintlock Capital Gaingels HighSage Ventures TruStage Ventures USALLIANCE Financial	undisclosed