RenovationFind.com is an Edmonton-based tech start-up that has begun scaling across Canada. Power couple Keith and Vivian Riley started the business to help protect homeowners from shady contractors in the home improvement industry. They saw the opportunity to provide homeowners with a directory of certified contractors so consumers could find trustworthy and quality companies for their home projects. —
"I co-owned a granite countertop company for many years. We were constantly hearing horror stories from homeowners about bad contractors ripping them off, leaving work unfinished, and even going bankrupt in the middle of a major renovation," said Keith Riley, Founder and CEO of RenovationFind.com.
The most significant gap in the market was the need for a data-driven website, as most home improvement directories are based and ranked on consumer reviews. The renovation industry has a bad reputation for fake reviews, and Riley felt homeowners needed access to contractors vetted by a third-party. Equally important was that the third-party continually monitored the companies to ensure they were meeting standards.
"For contractors, we wanted to provide a service that would help them break through the black mark that is damaging the industry. We wanted the good contractors to receive our certification to build trust with customers right off the bat. Then we wanted to offer digital marketing services to help them build brand awareness and climb search engine rankings," said Riley.
RenovationFind has hit the $1 million mark for annual recurring revenue (ARR), a significant milestone in the tech space. With steady growth since 2012 and impressively more rapid growth in a pandemic year of 2020, its business model has proven successful.
With a vision to scale the company to major markets across Canada, the Riley’s decided to open the business and provide an opportunity for ownership to private investors. Their FrontFundr campaign has a goal of $750,000 and they have already reached over 75% of the goal since the campaign launch in mid November.
With funds raised through FrontFundr, RenovationFind will have the resources to expand its sales team and marketing nationwide and further develop the online directory.
"We are so excited about this funding campaign and see a lot of growth potential for the company and investors too. The future looks bright, and we're excited to have others join us on this exciting journey as we revolutionize the home improvement industry," said Riley.
For a limited time only, you can become a co-owner by investing today. For an investment as little as $500, anyone can become a shareholder in RenovationFind.com through the FrontFundr campaign - https://www.frontfundr.com/renovationfind
Details of the offering can be found in the offering document at FrontFundr.com. This communication is for informational purposes only.
Phone: 780-218-4541 Email: Keith@renovationfind.com
RenovationFind.com is a free online directory of trades, contractors, and renovation companies that have passed a stringent screening and certification process. All companies listed on RenovationFind's directory have been vetted and are continually monitored on seven essential criteria, including legal background checks, credit background checks, Better Business Bureau (BBB) membership, business license, business insurance, and have provincial workplace safety and insurance board coverage.
FrontFundr is Canada's leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital and gives investors access to private companies they believe in and want to support. It provides a community of over 20,000 investors with the ability to review and complete private placements on one digital platform. The company's revolutionary technology allows users across Canada to invest in innovative growth businesses in under 12 minutes, starting from as little as $250. To date, it has helped more than 50 companies raise over $50 million.
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