Total amount raised
$124 Million
Latest funding date
9/1/2024
Location
Rentberry has successfully raised funding over 8 rounds, with the latest being a Series A round. The platform offers rental and price negotiation services to tenants and landlords.
With 11 investors backing the company, including GTM Capital and Berkeley Hills Capital, Rentberry continues to innovate in the rental market. Keep reading to explore the intricacies of Rentberry's fundraising journey and the investors supporting this platform.
What Is Rentberry?
Rentberry, based in San Francisco, California, operates in the property management, real estate, rental, and residential sectors. The company, which has a workforce of 11-50 employees, provides a platform for rental and price negotiation services to tenants and landlords.
Founded in 2015, Rentberry aims to streamline the rental process by offering services such as online rental applications, virtual tours, e-signing of rental agreements, and digital rent payments. The platform is designed to make renting more efficient and transparent, catering to a global audience with listings in over 60 countries.
How Much Funding Has Rentberry Raised?
- Seed Round
- Amount Raised: USD 1,200,000
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Rentberry's platform and establish its initial market presence.
- Series Unknown
- Amount Raised: USD 2,800,000
- Date: October 2017
- Lead Investors: Zing Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Rentberry's market reach and enhance its platform capabilities.
- Series Unknown
- Amount Raised: USD 5,438,015
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further growth and development of the platform.
- Equity Crowdfunding
- Amount Raised: USD 2,500,000
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and expand user base.
- Equity Crowdfunding
- Amount Raised: USD 12,261,223
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve platform technology.
- Equity Crowdfunding
- Amount Raised: USD 11,842,284
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform enhancements and market expansion.
- Equity Crowdfunding
- Amount Raised: USD 4,759,422
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series A
- Amount Raised: USD 90,000,000
- Date: September 2024
- Lead Investors: Berkeley Hills Capital, GTM Capital
- Valuation at Round: USD 1 billion
- Motivation Behind the Round: To improve the platform, expand globally, and explore new opportunities in the real estate market.
Total Amount Raised: USD 130,001,944. Current Valuation: USD 1 billion.
Key Investors
- Berkeley Hills Capital
- Details: Berkeley Hills Capital is a venture capital firm that participated in Rentberry's Series A funding round. They are known for investing in high-growth technology startups.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Rentberry
- GTM Capital
- Details: GTM Capital is another venture capital firm involved in Rentberry's Series A funding round. They focus on supporting innovative companies in various sectors.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Rentberry
- Zing Capital
- Details: Zing Capital led one of Rentberry's earlier funding rounds. They are a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Rentberry
- 369 Growth Partners
- Details: 369 Growth Partners is a leading venture capital fund that has invested in Rentberry. They focus on high-growth potential companies.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Rentberry
- Innova Capital Partners
- Details: Innova Capital Partners is another venture capital fund that has invested in Rentberry. They are known for their strategic investments in innovative companies.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Rentberry
What's Next for Rentberry?
Rentberry's future looks promising with significant opportunities on the horizon. The company, now valued at $1 billion, plans to enhance its platform and expand globally. With over 25 million active users in more than 60 countries, Rentberry is well-positioned to explore new real estate markets and potentially acquire WeWork, which could further bolster its service offerings.
Future fundraising opportunities are abundant, with plans for an IPO in 2026. This move could attract more investors and provide the capital needed for continued growth. However, Rentberry may face challenges such as competition from established players like Zillow and managing the integration of potential acquisitions like WeWork.
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