 | |
| Type | Private |
|---|---|
| Industry | Letting agent, Real Estate, Technology |
| Founded | 2012 |
| Founder | Darius Bradbury Adam Hyslop |
| Headquarters | , England |
| Website | www |
OpenRent is an online letting agent and property service provider, founded in 2012. It is a UK-based startup company focused on technological solutions to property rentals. [1] It claims to be the largest letting agent in the UK based on number of properties, boasting over 5 million users as of 2022. [2]
OpenRent was founded in 2012 by two University of Oxford graduates, Darius Bradbury and Adam Hyslop, after experiencing the difficulties as both private landlord and tenant in the UK property market. [3]
In 2015, OpenRent had the largest number of advertised properties for UK agents, ending the year with more than 2,500 monthly listings. [4] By 2021, OpenRent had let over 500,000 properties. [5]
Investors include Rocket Internet who invested £4.4m in 2017, [6] and Northern & Shell who invested media for an equity stake in June 2014. [7] [8]
An estate agent is a person or business that arranges the selling, renting, or management of properties and other buildings. An agent that specialises in renting is often called a letting or management agent. Estate agents are mainly engaged in the marketing of property available for sale, and a solicitor or licensed conveyancer is used to prepare the legal documents. In Scotland, however, many solicitors also act as estate agents, a practice that is rare in England and Wales.
Rakuten Group, Inc. is a Japanese electronic commerce and online retailing company based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its businesses include financial services utilizing financial technology, as well as digital content and communications services such as the messaging app Viber, e-book distributor Kobo, and Japan's fourth mobile carrier Rakuten Mobile. Rakuten has more than 28,000 employees worldwide, operating in 29 countries and regions, and its revenues totaled US $7.2 billion with operating profits of about US$347.9 million as of 2016. Rakuten was the official sponsor of the Spanish football club FC Barcelona from 2017 until 2021, and the Golden State Warriors of the NBA, as of 2022. It is often referred to as the "Amazon of Japan".
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A buy-to-let mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006, and was created by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current senior vice president of experience design.
Redfin Corporation, based in Seattle, operates a residential real estate brokerage in 95 markets in the United States and Canada and in other markets via partner/referral agents. Its business model includes charging home sellers below-average fees of 1.5% of the sales price of a property, in addition to fees to the buyer's agent. In 2021, the company had a 1.17% market share in the United States by value. The company name is an anagram of the words "finder" and "friend".
Rightmove plc is a UK-based company which runs rightmove.co.uk, the UK's largest online real estate property portal. Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Nestoria is a vertical search engine for real estate. In terms of users, Nestoria is the 5th largest property web site in the UK and the 9th in Spain.
Globrix was a UK real estate search engine that was launched in January 2008. It was launched as a joint venture with News International, publishers of The Sunday Times, The Sun, The Times, The News of the World and Thelondonpaper.
Northern & Shell is a British publishing group, founded in December 1974 and owned since then by Richard Desmond. Formerly a publisher of pornographic magazines including Penthouse and Asian Babes, it published the Daily Express, Sunday Express, Daily Star and Daily Star Sunday, and the magazines OK!, New! and Star until these were sold to Trinity Mirror in February 2018. Northern & Shell also owned three entertainment television channels: Channel 5, 5* and 5USA until 2015. It owned Portland TV, which operates pornographic TV channels including Television X and Red Hot TV; the company sold Portland in April 2016.
ZPG Ltd. is a British real estate company based in London, England, owned by Silver Lake Partners.
Wimdu, powered by HomeToGo, is an online marketplace for booking lodging, accessible by website and mobile app for iOS and Android. The company does not own any lodging; it is merely a broker and receives commissions from every booking. It is set up as a "clone" of similar websites. Wimdu searches and redirects users to the website that has the relationship with the lodging provider such as Expedia, Booking.com, HomeAway, Vrbo, Hotels.com, TripAdvisor, FlipKey, and Airbnb.
Robin Klein is a British entrepreneur and investor. He was until 2015 a venture partner at Index Ventures and co-founder of The Accelerator Group, an advisor and investor in early-stage companies. In April 2015, he and his son, Saul founded LocalGlobe, a seed stage venture capital firm.
RadPad was a photo-based mobile application for home and apartment renters. Radpad's assets were acquired by the owners of LandlordStation on December 31, 2016. As of October 2016, renters could no longer pay rent through the app. Pay With RadPad, however, was relaunched under new ownership in March 2017. In March 2014, RadPad was the largest rental service in Los Angeles, and the second-largest rental market in the country. RadPad also offers additional real estate products such as renters insurance, credit reporting, and lease signing.
Lamudi is an online real estate marketplace with operations in 34 countries.
Foodpanda is an online food and grocery delivery platform owned by Berlin-based Delivery Hero. Foodpanda operates as the lead brand for Delivery Hero in Asia, with its headquarters in Singapore. It is currently the largest food and grocery delivery platform in Asia, outside of China, operating in 12 markets across Asia.
Rocket Internet SE is a German Internet company headquartered in Berlin. The company builds startups and owns shareholdings in various models of internet retail businesses. The company model is known as a startup studio or a venture builder.
Purplebricks is an online estate agent which operates in the UK. Founded in 2012 by Michael Bruce and Kenny Bruce, it is backed by investors that include venture capital firm DN Capital as well as Neil Woodford, Paul Pindar, and Errol Damelin.
OnTheMarket.com is a British property search portal that launched in January 2015.
Property technology is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financial technology, including uses like online payment and booking systems.
LandlordZONE is a UK-based organisation running the UK's largest online landlord property website.
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