Rentberry Inc.

Last updated
Rentberry Inc.
IndustryApartment search engine
Founded2015
HeadquartersSan Francisco,
USA
Website https://rentberry.com/

Rentberry, Inc. is a global home rental platform based in San Francisco, USA, and founded in 2015. [1] [2] [3] [4] It was highly criticized and got controversial reviews from the US press such as Vanity Fair , [5] The Wall Street Journal , [6] The Independent , [7] HuffingtonPost, etc.

Contents

Overview

Rentberry is a worldwide rental platform [8] [9] [10] The users (tenants) can bid on their rent with the help of the platform. [11] In 2015, Rentberry product prototype raised first investments from 12 international investors. [12] [13] The platform covered only Los Angeles and New York at that time. [14] In 2017, the company announced partnership with ListHub, Realtor.com and Walk Score to bring together rental billboards and later raised $4.5 million. [15] [16] [17]

In 2020, Rentberry had 4 million users and over 11 million processed properties. [18] [19]

In 2021, Rentberry started offering a Flexible Living concept that allows people to rent a fully furnished apartment or other real estates in a city of their choice for a short term, from 3 months to a year. [20] [21]

In 2022 Rentberry raised capital through a Regulation A offering on the equity crowdfunding platform StartEngine. The campaign has raised over $11.3 million from about 7,000 retail investors. [22]

On April 4, 2022, Rentberry released a new feature dedicated to helping connect displaced Ukrainians searching for temporary rentals with landlords willing to provide their properties to refugees and others in need. [23]

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References

  1. ↑ "Bidding Website Rentberry May Be the Startup of Your Nightmares". Gizmodo. 2017-04-02. Retrieved 2022-06-16.
  2. ↑ "Rentberry's controversial property bid site expands in US". BBC News. 2017-03-31. Retrieved 2022-06-16.
  3. ↑ "Rentberry Offering Flexible Living Concept in Cities Around the World". finance.yahoo.com. Retrieved 2022-06-16.
  4. ↑ "10 cryptocurrency startups to watch in 2018". Tech News | Startups News. 2018-01-27. Retrieved 2022-06-16.
  5. ↑ "A Start-Up that Lets Renters Bid Against Each Other for Apartments Just Launched in America's Two Most Expensive Cities". Vanity Fair. 2016-05-17. Retrieved 2022-06-16.
  6. ↑ Mims, Christopher (2017-04-02). "Want That Apartment? You May Have to Bid for It". The Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-06-16.
  7. ↑ "This new startup is making renters bid against each other for the best flats". The Independent. 2016-05-17. Retrieved 2022-06-16.
  8. ↑ Br, The Crimson; Studio; Tkachenko, with Alex. "You'll Never Go Broke After Paying the Rental Deposit on Blockchain | Sponsored | The Harvard Crimson". The Harvard Crimson. Retrieved 2022-06-16.
  9. ↑ "Could apartments soon go to the highest bidder in Seattle?". king5.com. Retrieved 2022-06-16.
  10. ↑ Georgiadis, Stavros (2021-09-01). "The 7 Best Startups the Crowd Likes on StartEngine Right Now". InvestorPlace. Retrieved 2022-06-16.
  11. ↑ "Bidding for a bed: Tenants haggle over rent prices on controversial new websites". The Mercury News. 2017-11-25. Retrieved 2022-06-16.
  12. ↑ "Основанный украинцами стартап Rentberry привлек $320 000 от инвесторов из Google, WP Global Partners и Boston Venture Fund – AIN.UA" (in Russian). 2016-08-09. Retrieved 2022-06-16.
  13. ↑ "Украинский стартап Rentberry привлек $845 000 от мировых инвесторов и получил оценку в $3 млн, не имея готового продукта – AIN.UA" (in Russian). 2015-12-02. Retrieved 2022-06-16.
  14. ↑ "Alex Lubinsky, CEO of Rentberry". Property Investor Today. Retrieved 2022-06-16.
  15. ↑ "Ukraine's technology sector charges ahead, increasingly driving economy - KyivPost - Ukraine's Global Voice". KyivPost. 2020-08-20. Retrieved 2022-06-16.
  16. ↑ "Украинские стартапы, которым удалось привлечь инвестиции в тяжелые времена". inventure.com.ua (in Russian). Retrieved 2022-06-16.
  17. ↑ "Алексей Любинский, Rentberry: "Мы привлекли первый миллион в Долине, не имея продукта" – AIN.UA" (in Russian). 2017-11-20. Retrieved 2022-06-16.
  18. ↑ Faridi, Omar (December 29, 2021). "Rentberry, a Global Home Rental Platform, Acquires $5.3M from 2,974 Investors via StartEngine". crowdfundinsider.com. Retrieved April 25, 2023.
  19. ↑ Alois, JD (May 6, 2022). "Long Term Rental Platform Rentberry Tops $8 Million on StartEngine". crowdfundinsider.com. Retrieved April 25, 2023.
  20. ↑ "Rentberry Offering Flexible Living Concept in Cities Around the World". Yahoo Finance. Retrieved 2023-04-25.
  21. ↑ "The Future of Real Estate". Investor's Business Daily. 2022-09-27. Retrieved 2023-04-25.
  22. ↑ "Rental Startup Rentberry Enters Its Last Week Of Funding On StartEngine". Yahoo Finance. Retrieved 2023-04-25.
  23. ↑ "Rentberry, a San-Francisco-based real estate platform, announces a new feature to support Ukrainian refugees". PRWeb. Retrieved 2023-04-25.
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