RenoRun Truck loading e1644340693179

DEALS | Online shopping meets construction

RenoRun, a Montreal-based e-commerce site for the construction industry, has raised $142m in new funding as investors target possible solutions to global supply chain constraints.

The company seeks to make construction sites more efficient by planning, sourcing and delivering supplies for a monthly fee.

Users can manage orders across multiple sites, which, RenoRun said, cuts the need to manage multiple vendors.

The idea is to reduce the time and cost for a contractor picking up materials, and RenoRun’s website includes a cost calculator for users to work out whether it offers value for money.

The company, which adds free coffee to every delivery, raised $142m in a Series B fundraise led by Tiger Global and Sozo Ventures.

Phil Wickham, founder and general partner of Sozo Ventures, said: “RenoRun is transforming a huge, important and inefficient construction logistics market, and the proof is in the excitement, and frankly zealotry, for the RenoRun platform and the services that we felt from the company’s customer base.”

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