# SmartRent funding: rounds and investors

> SmartRent has raised $192M across 3 rounds since 2018. Investors include Bain Capital Ventures, RET Ventures and Spark Capital. Every round with its source.

Source: https://millionrounds.com/company/smartrent (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *SmartRent*

3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services Proptech Real Estate

Funding summary Updated 26 Oct 2026

**$192M** raised across 3 rounds since 2018, from 3 sources

**$5.0M** Round **$32M** Series B **$155M** Round

- **Latest round:** Round, $155M Aug 2021
- **Step-up i:** 4.8×
- **Investors:** 9 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021

**$5.0M** Round

**$32M** Series B

**$155M** Round

- **First round:** Round, $5.0M
- **Biggest round:** $155M
- **Usual gap between rounds:** 2.1 years

## The rounds

- **Aug 2021** Round **$155M** *3 new* *2 returning* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Fifth Wall](https://millionrounds.com/fund/fifth-wall) [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) [RET Ventures](https://millionrounds.com/fund/ret-ventures) Source recorded
- **Jun 2019** Series B **$32M** *5 new* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) Lead [RET Ventures](https://millionrounds.com/fund/ret-ventures) [Starwood Capital](https://millionrounds.com/fund/starwood-capital) [Essex Property Trust](https://millionrounds.com/fund/essex-property-trust) [UDR](https://millionrounds.com/fund/udr) Reported by FinSMEs
- **Nov 2018** Round **$5.0M** *1 new* Real Estate Technology Ventures Reported by FinSMEs

## Founders and team

From SmartRent's own website: 7 on the team.

- **Frank Martell** President and Chief Executive Officer
- **Daryl Stemm** Chief Financial Officer
- **Heather Auer** Chief Human Resources Officer
- **Natalie Cariola** Chief Revenue Officer
- **Pankaj Bansi** Chief Operating Officer
- **Sangeeth Ponathil** Chief Information Officer
- **Brian McQuaid** General Counsel

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2018 **Series B** 2019 **Round** 2021 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) L [RET Ventures](https://millionrounds.com/fund/ret-ventures) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Fifth Wall](https://millionrounds.com/fund/fifth-wall) [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) [Starwood Capital](https://millionrounds.com/fund/starwood-capital) [Essex Property Trust](https://millionrounds.com/fund/essex-property-trust) [UDR](https://millionrounds.com/fund/udr) Real Estate Technology Ventures

## Everyone who backed them

[Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **2** rounds, led 1

[RET Ventures](https://millionrounds.com/fund/ret-ventures) VC firm **2** rounds

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **1** round

[Fifth Wall](https://millionrounds.com/fund/fifth-wall) VC firm **1** round

[Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) VC firm **1** round

[Starwood Capital](https://millionrounds.com/fund/starwood-capital) Growth equity **1** round

[Essex Property Trust](https://millionrounds.com/fund/essex-property-trust) VC firm **1** round

[UDR](https://millionrounds.com/fund/udr) VC firm **1** round

Real Estate Technology Ventures no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smartrent).

## Quick answers about SmartRent

### Who invested in SmartRent?

SmartRent's investors include Bain Capital Ventures, RET Ventures, Spark Capital, Fifth Wall and Energy Impact Partners, and 4 more on record.

### How much has SmartRent raised?

SmartRent has raised $192M across 3 rounds since 2018.

### When did SmartRent last raise?

SmartRent's most recent round was an Undisclosed round of $155M in Aug 2021.

### What was SmartRent's biggest round?

Its most recent round, $155M in Aug 2021, is also its largest on record.

### Who backed SmartRent first?

SmartRent's first round on record, in Nov 2018, was backed by Real Estate Technology Ventures.

### What stage is SmartRent at?

SmartRent's latest named round is an Undisclosed round, in Aug 2021.

### Where is SmartRent based?

SmartRent is based in the United States.

### Who led SmartRent's rounds?

Bain Capital Ventures led the Series B in 2019.

## Companies like SmartRent

In the same sector, and raised in the last eighteen months.

[**MARC** $5.0M · Oct 2026](https://millionrounds.com/company/marc)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Stand** $105M · Oct 2026](https://millionrounds.com/company/stand)[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)

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