Fresh funding to power a unified renovation platform
Dubai-headquartered renovation technology startup Reno has raised US$ 4 million in a mixed equity and debt round, a major step toward building what it calls the region’s first end-to-end “renovation operating system.”
The funding round was led by a group of investors including 500 Sanabil, Hub71, Plus VC and Zero 100 VC, along with participation from FlyerOne Ventures, Sandstorm VC, AngelSpark, and Swiss Founders Fund.
Founded in 2024 by Marc Michel, Amr Hosny, and Farah Karabeg, Reno aims to simplify and de-fragment an industry traditionally plagued by coordination hassles, delays, and lack of transparency.
What Reno offers: from chaos to clarity
Rather than forcing homeowners or investors to manage multiple contractors, designers, suppliers, and financiers, Reno offers a single, tech-enabled platform that handles everything: design, project management, contractor oversight, financing, and progress tracking.
A standout feature is the company’s “Renovate Now, Pay Later” (RNPL) financing model enabling property owners and investors to begin renovation without upfront capital pressures, and repay as property value or rental income kicks in.
With the new capital, Reno plans to launch a new app in early 2026 that will incorporate AI-powered design tools, instant budget estimates, and a smart materials engine designed to give users clarity on scope, costs, and timelines even before renovation begins.
What’s next: scaling across GCC
With the fresh funding, Reno intends to expand beyond the UAE, targeting broader rollout across the Gulf Cooperation Council (GCC) market.
At the same time, the company will continue strengthening its technology stack, refining the AI-based design and materials engine, and enhancing user experienc aiming to make renovation more predictable, transparent, and accessible for both homeowners and property investors.
Reno’s latest funding round underscores growing investor appetite for tech-driven solutions in sectors long dominated by traditional, offline-heavy processes. If it delivers on its roadmap, Reno could very well reshape how home and commercial renovations are conceived, financed, and executed across the Gulf region.
