RentSpree Raises $17.3M in Series B Funding

RentSpree, a Los Angeles, CA-based end-to-end rental management software provider, raised $17.3m in Series B financing.

The round, which brings the total amount raised to nearly $28m, was led by Green Visor Capital with participation from 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.   

The company intends to use the funds to expand product offerings for both renters and agents and secure additional strategic partnerships.

Led by Michael Lucarelli, CEO, RentSpree is a provider of rental software that helps connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The platform is used across all 50 states for its secure interface and 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.

FinSMEs

29/08/2022