Renoveru

About Renoveru

Renoveru Inc., established in April 2010, operates as a technology-driven platform in Japan's real estate and construction sector, focusing on the renovation of existing properties. The company was founded by Tomohiro Yamashita, who serves as the CEO. His journey began after witnessing Japan's prevalent "scrap and build" housing culture during his time at a general contractor, which contrasted sharply with the value placed on existing homes he observed abroad. This experience motivated him to create a business that would offer a more sustainable and personalized alternative to new builds.

The company's core business revolves around a one-stop-shop model that integrates中古 (second-hand) apartment hunting with custom renovation services. This platform connects individual clients with a nationwide network of real estate agents, designers, construction contractors, and financial institutions, streamlining the complex process of purchasing and renovating a home. Revenue is generated through fees for the design and construction services provided. Beyond individual apartments, Renoveru's operations extend to corporate real estate (CRE) solutions, offering services like business planning, design, and construction for the effective use of corporate assets such as office buildings and factories. The company also provides a DX platform for its industry partners, offering technology tools and know-how to support their renovation businesses.

Renoveru offers several tailored services for different client needs. Its main offering, "Renoveru.", caters to the end-to-end process of finding and renovating a used apartment. For clients in prime urban locations, it provides a premium service called "ESTATH", and for existing homeowners, there is "Renoveru.mine". The company has also developed an Augmented Reality (AR) resale service that allows homeowners to have a say in the final design of a home that is sold at 80% completion. A significant aspect of Renoveru's model is its focus on sustainability, aiming to create a circular economy in the housing market by revitalizing existing building stock, which reduces CO2 emissions and waste compared to new construction. The company has attracted over $53 million in funding from notable investors including Mitsui & Co., NTT Urban Development, Tokyu Corporation, and the government-backed Japan Green Investment Corporation for Carbon Neutrality (JICN).