In an email to customers, the Montreal-based construction-tech delivery startup also said it will no longer accept new orders and is cancelling memberships. (The Logic)
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In an email to customers, the Montreal-based construction-tech delivery startup also said it will no longer accept new orders and is cancelling memberships. (The Logic)
Talking point: The company, which filed for creditor protection late last month, recently requested and received an extension until May 26 to file a plan for its creditors. Twenty parties have expressed interest in purchasing the startup, according to the documents. Founded in 2017, RenoRun grew quickly during the COVID-19-era spike in home renovations. Yet the company carried out a third round of layoffs in February, and found itself short of cash just over a year after raising close to $200 million. The company owes over $55 million to its creditors, according to filings. There was no mention of the shutdown on RenoRun’s website as of publication.
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