SmartRent
- 🦄Became a unicorn2021
- 📈Peak valuation$2.2 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation estimate~$308M
The rise & fall
7 moments · 2017–2026The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
SmartRent sells smart-home hardware and software — connected locks, thermostats, leak sensors and building-wide access control — to apartment owners and operators. Backed by proptech VC Fifth Wall, it went public on the NYSE in August 2021 via a SPAC merger valuing it at $2.2B.
Growth stalled amid a cooling rental market, short-seller and security concerns surfaced, and the shares fell about 86%. By 2026 it was a roughly $300M small-cap, with an activist investor pressing it to sell itself.
Source: The Real Deal / Seeking Alpha / stockanalysis (smart-home/apartment proptech; Aug 2021 SPAC merger backed by Fifth Wall at a $2.2B valuation with $513M cash; growth stalled and accounting/security concerns surfaced, the CEO resigned, and an activist pushed for a sale; market cap ~$0.3B in 2025-26)
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
Disclosed investors (18)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard
