RenoFi Raised a $6.4M Series A

Fintech startup RenoFi, cofounded by former Zoomer execs, announced its first round of significant funding — a $6.4 million series A — today.

The company, about two years old, saw the investment from Brendan Dickinson of Canaan Venture Partners with participation from Comcast Ventures and First Round Capital. Josh Kopelman has been a mentor through the company’s early years, and First Round invested a $750,000 seed round that went unannounced, cofounder and CEO Justin Goldman told Technical.ly.

RenoFi aims to help lenders and potential loan seekers who want to start a home renovation project. Many people who have recently bought a home want to start a home renovation to increase the value of their property. But if they didn’t put 20% down or haven’t lived there for long, they don’t have a lot of equity to tap, Goldman said.

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