RentSpree, a Los Angeles, CA-based industry's premier end-to-end rental management software provider, announced that it has closed $17.3 million in Series B financing. This brings the company's total amount raised to nearly $28 million.
The round was led by Green Visor Capital, joined by new investors Rally Ventures, the California Association of REALTORS® (C.A.R.), Venture MLS, ECG-Research, KEC Ventures, and Gaingels, with participation from existing investors 645 Ventures and Vesta Ventures.
These investments will help the company expand product offerings for both renters and agents and secure additional strategic partnerships, furthering its mission to help the real estate industry embrace a growing nation of renters.
The round of Series B funding comes on the heels of RentSpree's ranking in the top 13% of Inc. 5000's fastest-growing companies of 2022.
In addition, RentSpree recently reached one million users across the country as a result of partnerships with more than 250 of the nation's top multiple listing services (MLSs), associations, brokerages, and proptech platforms. This growth trajectory is on track to accelerate with this latest investment.
Company: RentSpree, Inc.
Round: Series B
Funding Month: Aug 2022
Lead Investors: Green Visor Capital
Additional Investors: Rally Ventures, Venture MLS, ECG-Research, KEC Ventures, and Gaingels,645 Ventures, and Vesta Ventures
Company Website: https://www.rentspree.com/
Software Category: end-to-end rental management software
About the Company: RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and a suite of rental tools, including tenant screening, rent payments, marketing, and renter management. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations, and brokerages to serve over one million users in the U.S. RentSpree is ranked 625th on Inc. 5000's fastest-growing private companies in 2022.