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Kyotanabe-based Rennovater Co., Ltd. helps people find affordable housing by acquiring and managing underused homes.
Founded in 2018 in Kyotanabe-shi, Japan, Rennovater focuses on housing for people who have difficulty securing affordable living spaces. It works with prospective tenants, vacant home owners, municipalities and nonprofits, and offers homes with no initial moving costs. Revenue comes from property management, acquisition deals and advisory services. The company raised JPY 125 million in a Series B round on June 24, 2022 from investors including KIBOW Foundation and The Nippon Foundation, with a valuation of JPY 970.494 million.
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