Renofi
Philadelphia, US · Founded 2018 · Delaware corporation · 109 employees on LinkedIn · 8 known investors
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RenoFi is a fintech platform that enables credit unions to offer home equity loans and HELOCs based on after-renovation property values to homeowners financing renovation and construction projects. The company operates as an online marketplace connecting homeowners with partner lenders for residential renovation financing.
Also known as RenoFi
Founders & leadership
Renofi was founded in 2018 by Justin Goldman and Robert Shedd.
Board
Investors · 8
Reported raises · per SEC filings
Form D private placements$52.2M disclosed across 4 rounds · 2019–2024
▶$1.5MraisedJan 2025 · 53 investors · Other Banking and Financial ServicesRule 506(b)
- Justin GoldmanExecutive Officer, Director
- Brendan DickinsonDirector
- Samanttabhiram DasDirector
- Lee MillerExecutive Officer, Director
- Robert SheddExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $1.5M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12.3MraisedJan 2025 · 13 investors · Other Banking and Financial ServicesRule 506(b)
- Samanttabhiram DasDirector
- Justin GoldmanExecutive Officer, Director
- Lee MillerExecutive Officer, Director
- Brendan DickinsonDirector
- Robert SheddExecutive Officer, Director
- Offering amount
- $26M
- Amount sold
- $12.3M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$31.9MraisedMay 2023 · 10 investors · Other Banking and Financial ServicesRule 506(b)
- Lee MillerExecutive Officer, Director
- Justin GoldmanExecutive Officer, Director
- Brendan DickinsonDirector
- Robert SheddExecutive Officer, Director
- Offering amount
- $34.9M
- Amount sold
- $31.9M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$6.4MraisedJul 2020 · 7 investors · Other Banking and Financial ServicesRule 506(b)
- Justin GoldmanExecutive Officer, Director
- Lee MillerExecutive Officer, Director
- Robert SheddExecutive Officer, Director
- Offering amount
- $6.4M
- Amount sold
- $6.4M
- First sale
- Apr 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026RenoFi is a home renovation financing company that markets a "Renovation HELOC" and related renovation home equity loan products. Rather than sizing a loan against a property's current appraised value, RenoFi's products are underwritten against the expected after-renovation value of the home, which the company states allows homeowners to borrow substantially more than under a conventional home equity product. The website advertises loan amounts of up to $750,000, or up to 90% of a property's after-renovation value, and states that borrowers access on average 11 times more than they could elsewhere.
The company does not lend directly on its own balance sheet as presented on its site; instead it partners with lenders to offer a suite of loan products tailored to renovation projects, and provides advisory support through assigned loan officers who guide applicants from initial inquiry to closing. Its site offers rate estimation and loan-sizing calculators in which prospective borrowers input current home value, remaining mortgage balance and expected after-renovation value to see an estimated maximum loan amount. Fixed and variable rate options are offered, and the products are structured so that homeowners can keep their existing first mortgage in place rather than refinancing.
Business model
RenoFi partners with lenders that originate renovation-specific home equity loans and HELOCs, positioning itself between homeowners and those lending partners and providing product guidance and loan officer support through the application and closing process.
Traction
The company states it has helped thousands of homeowners, and its site displays a continuous stream of recent customer reviews describing completed loans for additions and renovation projects.
▸Full profile — market position, technology, go-to-market
Market position
Underwriting based on after-renovation rather than current property value, marketed as the first Renovation HELOC, enabling larger loan amounts without requiring the homeowner to refinance an existing mortgage.
Technology
The company's consumer-facing site provides rate and payment estimation tools and an interactive loan-sizing calculator that derives a maximum loan amount from current home value, outstanding mortgage balance and expected after-renovation value.
Go-to-market
Direct-to-consumer acquisition through its website, with online rate and borrowing-power calculators feeding into a guided process staffed by named loan officers; customer testimonials are used prominently as social proof.
Homeowners financing renovation, addition and construction projects on their primary residences, including those with limited current equity who expect their project to raise the property's value.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 6
by search overlap
Companies competing with Renofi for the same Google search keywords, organic and paid, via search-intersection analysis.
Legal entities · 1
corporate structure▸Research sources · 1
primary sources listed
- Renofirenofi.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Renofi do?
- RenoFi offers renovation-specific home equity loans and HELOCs underwritten on a home's after-renovation value.
- Who founded Renofi?
- Renofi was founded by Justin Goldman, Robert Shedd in 2018.
- Who are Renofi's investors?
- Renofi's investors include Canaan Partners, Comcast Ventures, Curql Collective, LLC, Next Level Ventures, Nyca, Nyca Partners, TruStage Ventures, First Round Capital.
- How much funding has Renofi raised?
- Renofi has disclosed $52.2M raised across 4 rounds.
- Where is Renofi headquartered?
- Renofi is headquartered in Philadelphia, US.