Startup for apartment rentals raises USD 2.8mln

Startup for apartment rentals raises USD 2.8mln

Startup Rentberry, created by Ukrainians, closed the second round of financing, as a result of which the total amount of the raised capital amounted to USD 4mln

Nelson Brothers Property Management, Hopewell Development, 808 Ventures, Beachwood Ventures, Jade Value and others took part in the round worth USD 2.8mln, in addition to the major investor Zing Capital.

The raised funds will be channeled into development of the new features including a risk assessment system for potential tenants and homeowners. Also an innovative algorithm utilizing Blockchain and AI will be launched too provided the attracted investment. At this, the startup is making its way to go beyond the US market and make the platform accessible to users around the world.

The founder and CEO of the company, Alexey Lyubinsky, said that he was very pleased and inspired by the attention that the startup is provided by both users and investors and leading professionals in the real estate market. After the platform covered the entire territory of the United States, startups began to receive offers on partnership and franchise sales from companies from around the world, including New Zealand, Australia, Canada and the United Kingdom.

The online platform Rentberry is designed to automate the bureaucratic procedures associated with the long-term apartment rentals in the US. The service enables real estate owners and potential tenants to discuss the terms and prices, sign contracts, send  and receive payments, and keep in touch in case of an unforeseen circumstances.

сайт Rentberry

Using Rentberry can not only be a useful, but profitable service for landlords in major cities such as San Francisco, New York and Los Angeles, where there is a high competition in housing. The benefit is that the landlords can rent out property at a higher price, since the Rentberry rental process turns an offer into the auction bids.

The founders of the startup are the Ukrainians Alexei Lyubinsky, Lilia Ostapchuk and Arsen Kostenko, who live in San Francisco, as of present. There are 23 people in the startup team and some of them live in Kyiv, Ukraine.

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