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New Deal


Announced

Completed

Tiger Global and Sozo Ventures led a $142m Series B funding round in RenoRun.

Financials

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Transaction Value£105m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Building Materials: Other

construction materials

Private

Private Equity

Acquisition

Cross Border

Minority

building products

Friendly

Completed

Canada

Venture Capital

Synopsis

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Tiger Global, a private equity firm, and Sozo Ventures, a cross-border venture fund, led a $142m Series B funding round in RenoRun, an operator of a construction material delivery firm. "We began this company with the simple mission of making the lives of contractors easier and more efficient. Contractors are entrepreneurs who are juggling an enormous amount of tasks on a weekly basis. Our goal is to give them more time and to help them scale amazing long-lasting businesses by building the world's most contractor-centric brand. I am incredibly proud of our team that has helped us expand across six markets in Canada and the US. With our new funding led by Tiger Global and Sozo Ventures, we are able to grow to the next level to be top of mind for each and every contractor across North America," Eamonn O'Rourke, RenoRun Founder and CEO.

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