Rentuu, a London, UK-based provider of a technology platform for the equipment hire industry, raised £1.5m in funding.
Backers included Italian Angels of Growth (IAG), Sir Stelios Haji-Ioannou (founder of easyJet), Pilabs VC, Boost Heroes VC and others.
The company intends to use the funds to continue to expand its business reach into new markets and operations.
Co-founded by Andrea Guzzoni and Dennis Helderman, Rentuu operates a cloud-based technology platform and franchise network for the sterling equipment hire industry within construction and events. The company is experiencing rapid growth, having secured the backing of a strong global brand – the easy family of brands – through investment from Sir Stelios Haji-Joannou, founder of easyJet and easyGroup, and securing the brand rights for easyHire, easyEventhire and easyToolhire.
Rentuu has offices in 4 countries (London, UK, Milan, Italy, Amsterdam, The Netherlands and Kyiv, Ukraine) and 300+ partners in the development pipeline.