RenoFi, an end-to-end financing platform built exclusively for home renovations, announced Tuesday that it closed a $22 million Series B funding round led by Fifth Wall and participation from Progressive Insurance and other new investors.

In addition to their financial backing, Fifth Wall and Progressive Insurance join RenoFi as strategic partners, a move the company said underscores growing homeowner demand for renovation-specific financing solutions. The funding brings RenoFi’s total capital raised to $65 million.

The Series B offering also drew support from HighSage Ventures, Alumni Ventures, Flintlock Capital and Gaingels, with continued participation from existing backers Canaan, First Round details ⇒