UK software platform Rentify has secured a 2 million pounds ($2.7 million) Series A investment from European investor Balderton Capital. Launched in 2012, Rentify helps landlords to market, manage, and make money from their properties.
Rentify, the UK’s leading software platform for landlords, has secured a £2 million Series A investment from Balderton Capital, the leading venture capital investor in Europe.
Launched in 2012, Rentify helps landlords to market, manage, and make money from their properties, and has already delivered exceptional growth. Since founding, the Software as a Service platform has attracted 60,000 users with over £100million of rental properties passing through Rentify’s systems.
George Spencer, CEO of Rentify, comments: “We are thrilled to be backed by Balderton, who share our passionate belief that many landlords and tenants are not well served by existing services in this market. We want to bring transparency and honesty to a rapidly growing sector that badly needs it.”
The investment will be used to grow Rentify’s central London team and accelerate the development of new products and services for landlords and tenants.
Balderton Capital has a history of investing in long-lasting, innovative, and profitable companies including HouseTrip, Wonga, Betfair and Lovefilm. Tim Bunting, Partner at Balderton Capital comments: “We’re investing in Rentify because it’s an exceptional team and undoubtedly the leading company in this space, having already signed up an impressive number of users in under a year. Rentify fits the bill for Balderton as a fast-growing, disruptive company that is bringing a fresh, new way for doing business to a large and established market. We believe that Rentify will transform the
rental market in the UK.”
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