Rentberry Secures $17M to Expand its Flexible Living Platform
SAN FRANCISCO, CA / ACCESSWIRE / November 3, 2021 /Rentberry, a pioneer flexible living platform, announces that it has raised $4 million this year from 2000+ investors. They have raised more than $13M in previous rounds from Zing Capital, 808 Ventures, Beechwood Ventures, and high profile angel investors from Google, McKinsey & Company, CBRE, and Harvard Business School Alumni Angels. This brings the total company funding raised to date to $17 million.
Rentberry is an online platform for flexible living that offers a fully digital rental journey, a type of "eBay for the rental market". The platform automates all standard rental tasks from submitting personal information, credit reports, and rent negotiation and includes virtual tours of properties, digital rental agreements, and maintenance requests in one hassle-free platform. Rentberry makes the long-term rental process transparent and safe, helping properties realize their true market price and allowing tenants to save on fees and move-in costs.
Their potential is enormous-experts estimate the market is worth upwards of $7 billion and renting has become a lifestyle and economic choice for 46% of people under the age of 45. Even more popular since the onset of the pandemic, is the new obsession with working remotely, but from abroad.
Above: Screenshot from the Rentberry website
Flexible Living is a new concept that is developed and designed by Rentberry. Flexible living is on the rise in the post-COVID era as many Millennials are working from home and they are not planning to return to the office. Rentberry offers them the ability to work and travel from various locations where they can stay midterm duration (3-9 months) in properties that are fully furnished and rent them without security deposits. No more being stuck in the high-cost area.
The company, headquartered in San Francisco, has a staff of over 30 employees. They were named one of the top three companies on StartEngine, and they have over 1 million monthly active users. It is active in more than 6,000 cities in the US alone and currently offers over 3 million properties worldwide. The funds in the current round will be used to expand the company's reach to additional properties, including those in major cities such as Tokyo, Cape Town, Berlin, and more.
"Our goal is to bring one gold standard to the home rental industry that, no matter where you travel, you get the same quality home and the same level of service," says Oleksiy Lubinsky, Rentberry CEO.
For further information:
View source version on accesswire.com: