The New York investor, which has backed a number of Canadian tech companies as of late, led the round in the construction-material delivery startup. Other investors included Investissement Québec, Sozo Ventures and SE Ventures and two BDC Capital funds, as well as executives from Opendoor and Sonder. (The Logic)
Talking point: Founded in 2017, RenoRun is an Instacart-like service for the construction industry. The company’s biggest prior raise was a US$17.08-million Series A in November 2019 led by Inovia Capital and Obvious Ventures. The most recent round represents the fourth-largest Series B funding for a Canadian startup, according to the company, which also announced its launch in Washington, D.C.