Renew, a new proptech company that looks to automate and optimize resident tenant renewals, announced its launch and more than $8 million in seed funding.

"Major investors in Renew include Upfront Ventures, Goldcrest Capital, Allen & Company LLC and Walkabout Ventures," the company said in a press release. "RXR and top executives from WC Smith, two companies that develop, own and operate apartment communities, are also key investors."

Renew says that its board of advisors includes the chief marketing officers of WC Smith and KETTLER and a senior vice president of operations at Imagine Homes Management.

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