Rentberry
The first closed-loop platform that makes the long-term rental process transparent and efficient.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 Valuation: €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 8.5x EV/Revenue | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 8.6x EV/Revenue | round | |
| N/A | €0.0 | round | |
* | $90.0m Valuation: $1.0b | Series A | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 65 % | 26 % | 10 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2015 by Oleksiy Lubinsky, Lilia Ostapchuk, and Alex Lubinsky, Rentberry operates as a comprehensive platform for the long-term residential rental market. The founders' collective experience, with Oleksiy's background in finance and real estate investment and Alex's in investment banking, shaped the company's approach to solving inefficiencies in the rental process. Their journey began with the observation that the long-term rental market lacked the technological advancements seen in other sectors, leading to a fragmented and often cumbersome experience for both landlords and tenants.
Rentberry's business model is centered around streamlining the entire rental lifecycle, from searching for a property to signing the lease and paying rent. The platform caters to both landlords, who can list their properties and manage applications, and tenants, who can search for homes and submit offers. A core feature of the service is a transparent auctioning system where prospective tenants can submit custom offers, allowing property owners to gauge the true market value of their assets. This contrasts with the traditional fixed-price listing model.
The company generates revenue through several streams. Landlords pay a fee to list their properties and access a suite of tenant screening tools, including credit and background checks. For tenants, there is a fee for submitting a rental application, which covers the cost of these screening reports. The platform also facilitates online rent payments, creating an additional transactional revenue opportunity.
A significant aspect of Rentberry's offering is its flexible security deposit solution. This service allows tenants to pay a small, non-refundable fee instead of a large upfront security deposit, freeing up capital that would otherwise be tied up for the duration of the lease. This feature directly addresses a major pain point for renters. The platform has a global presence, operating in numerous cities across the United States and Europe, and has facilitated tens of thousands of rental applications since its inception.
Keywords: long-term rentals, property technology, rental auction, tenant screening, online rent payment, security deposit alternative, residential leasing, rental market, property management software, real estate platform