Two rental housing veterans, Rob Hayden and Kevin Murphy, launched Renew, a software solution designed to automate and optimize the resident renewal process in the rental housing industry. Renew has secured more than $8 million in seed funding. The platform looks to modernize the renewal process and retention options for property managers and renters. 

“It is thrilling to finally share with the industry what we have been quietly working on, and perfecting, for the last couple of years,” said Hayden, CEO of Renew. “By bringing modern technology and holistic thinking to this often-neglected component of the resident lifecycle, apartment operators can take advantage of an invaluable opportunity to retain residents, generate new revenue, and increase asset value. ”  

Major investors in Renew include Upfront Ventures, Goldcrest Capital, Allen & Company LLC and Walkabout Ventures. RXR and top executives from WC Smith are also key investors.