ConstructionCA

RenoRun Layoffs

April 2023

RenoRun announced a layoff affecting 0 employees (100% of its workforce) in April 2023. The company operates in the Construction sector.

People Affected

Percentage

100%

Announced Date

Apr 26, 2023

About

Montréal-based construction tech startup RenoRun has ceased operations and terminated its entire workforce after failing to secure financing or a last-minute acquisition. The company, which provided an e-commerce marketplace for building material delivery, entered insolvency proceedings in late April 2023. While the exact number of employees laid off is not specified, the shutdown implies all staff were affected as the company halted operations. Founded in 2016, RenoRun had expanded across North America but faced significant fundraising challenges in late 2022, with investors like Tiger Global not providing further support. Its assets are now being sold through a court-supervised process, with a goal to complete a transaction by mid-May.