Digitech Venture Capital Fund, Central Texas Angel Network (CTAN) and a number of angel investors have provided seed funding to Renovate Simply, an Austin-based technology start-up.
Renovate Simply helps homeowners budget their renovation projects and connect them with trusted contractors by answering a few questions online.
After years of renovating homes, founder Will Mitchell was frustrated by the amount of time he spent reviewing and clarifying bids from contractors. Existing websites promising to connect homeowners to contractors were unable to detail a project’s estimated cost. Renovate Simply was created to provide a hassle-free way for homeowners to both set a realistic budget and find a reliable contractor.
“Finding a good reliable contractor is a frustrating process. This is not because good contractors are not out there or because the good ones are all busy,” says Mitchell. “The fact is that most homeowners have no idea who the right contractor is for them and reviews are not tailored to an individual homeowner’s needs. Our platform allows for homeowners to find a contractor uniquely qualified and excited about their project, which benefits everyone involved.”
“We were impressed with Will’s understanding of the market, his unique niche and his ability to generate revenue so quickly with a much needed solution,” says Digitech CEO Paul Watson. “This also represents an amazing opportunity as we expand our portfolio of digital solutions for the residential home market like other VC leaders from Peter Thiel to Solamere Capital.”
