Total amount raised
$124 Millions
Latest funding date
9/1/2024
Location
Rentberry has successfully raised significant funding over multiple rounds, achieving a valuation of $1 billion. The platform offers a comprehensive suite of services for both tenants and landlords, including online applications, rent negotiations, and virtual tours.
Keep reading to explore the intricacies of Rentberry's fundraising journey and the investors backing this innovative platform.
What Is Rentberry?
Rentberry, founded in 2015, is headquartered in San Francisco, California. The company was established by Lily Ostapchuk and Oleksiy Lubinsky.
Rentberry offers a comprehensive rental platform that streamlines the rental process for both tenants and landlords. Services include online applications, rent payments, virtual tours, and e-signing of rental agreements.
With a team of 11-50 employees, Rentberry aims to make long-term rentals transparent and efficient, eliminating the hassle of paper applications and helping properties achieve their true market price.
How Much Funding Has Rentberry Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the service.
- Venture Round
- Amount Raised: $2.8M
- Date: October 2017
- Lead Investors: Zing Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase market reach.
- Venture Round
- Amount Raised: $5.4M
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the user experience and integrate new technologies.
- Equity Crowdfunding
- Amount Raised: $2.5M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and marketing efforts.
- Equity Crowdfunding
- Amount Raised: $5.4M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enter new markets.
- Equity Crowdfunding
- Amount Raised: $11.8M
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance service offerings.
- Equity Crowdfunding
- Amount Raised: $4.8M
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and improve platform capabilities.
- Series A
- Amount Raised: $90M
- Date: September 2024
- Lead Investors: Berkeley Hills Capital, GTM Capital
- Valuation at Round: $1 billion
- Motivation Behind the Round: To fuel expansion, drive innovation, and enable strategic acquisitions.
Rentberry has raised a total of $123.9M with a current valuation of $1 billion.
Key Investors
- Berkeley Hills Capital
- Details: Berkeley Hills Capital is a venture capital firm that participated in Rentberry's Series A financing. They are known for investing in high-growth technology startups.
- Investment Focus Areas: Technology, Real Estate, Fintech
- Notable Investments: Not publicly disclosed
- GTM Capital
- Details: GTM Capital is another venture capital firm involved in Rentberry's Series A funding round. They focus on early-stage investments in innovative companies.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Not publicly disclosed
- Zing Capital
- Details: Zing Capital led Rentberry's venture round in October 2017. They specialize in funding startups with disruptive technologies.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: Not publicly disclosed
- 369 Growth Partners
- Details: 369 Growth Partners is a leading venture capital fund that has invested in Rentberry. They are known for their strategic investments in high-potential startups.
- Investment Focus Areas: Technology, Real Estate, E-commerce
- Notable Investments: Not publicly disclosed
- Innova Capital Partners
- Details: Innova Capital Partners is another key investor in Rentberry. They focus on providing growth capital to innovative companies.
- Investment Focus Areas: Technology, Renewable Energy, Infrastructure
- Notable Investments: Not publicly disclosed
What's Next for Rentberry?
Rentberry's future looks promising with significant opportunities on the horizon. The company plans to leverage its recent $90 million funding to enhance its platform and expand globally. With over 25 million active users in more than 60 countries, the potential for growth is immense. The acquisition of WeWork, valued at $550-650 million, could further bolster its market presence and diversify its offerings.
Future fundraising efforts are likely, including a potential IPO in 2026. However, challenges such as competition from established players like Zillow and managing rapid growth remain. Addressing these hurdles will be crucial for Rentberry's sustained success.
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