Rentify secures a £2 million Series A round with Balderton Capital – Congrats!

by Bianca Anason, 11 January 2013

Press Release

London, January 11th 2013 Rentify, the UK’s leading software platform for landlords, has secured a £2 million Series A investment from Balderton Capital, the leading venture capital investor in Europe.

Launched in 2012, Rentify helps landlords to market, manage, and make money from their properties, and has already delivered exceptional growth. Since founding, the Software as a Service platform has attracted 60,000 users with over £100million of rental properties passing through Rentify’s systems.

George Spencer, CEO of Rentify, comments: “We are thrilled to be backed by Balderton, who share our passionate belief that many landlords and tenants are not well served by existing services in this market. We want to bring transparency and honesty to a rapidly growing sector that badly needs it.”

The investment will be used to grow Rentify’s central London team and accelerate the development of new products and services for landlords and tenants.

Balderton Capital has a history of investing in long-lasting, innovative, and profitable companies including HouseTrip, Wonga, Betfair and Lovefilm. Tim Bunting, Partner at Balderton Capital comments: “We’re investing in Rentify because it’s an exceptional team and undoubtedly the leading company in this space, having already signed up an impressive number of users in under a year. Rentify fits the bill for Balderton as a fast-growing, disruptive company that is bringing a fresh, new way for doing business to a large and established market. We believe that Rentify will transform the rental market in the UK.”

About Rentify:
Rentify is the UK’s leading online service for landlords, helping them to market, manage, and make money from their properties. The company was established in 2011 and their first services went live in 2012.

Rentify currently provides a letting service to landlords which combines marketing, viewing management, contracts, and full referencing on tenants. It also introduced a popular full-management service in October of 2012. For more information, please contact Chris Pateman on 0203 475 5117, or email press@rentify.com

About Balderton Capital

Balderton Capital is one of the leading venture capital firms in Europe. Based in London, Balderton manages $1.9 billion in committed venture capital, and has invested in over 100 companies, principally in Europe but also in the US and Asia. Balderton focuses on the technology sector and notable investments include YOOX Group (the online retailer of leading fashion brands, listed in December 2009), bebo (acquired by AOL for $850m), Betfair (floated on the LSE in October 2010), Icera (sold to Nvidia for $367m), MySQL (acquired by Sun Microsystems for $1 billion), Lovefilm (sold to Amazon in January 2010), The Hut Group (one of Europe’s fast growing online retailers), WorldStores (UK’s largest online furniture & homewares retailer), Wonga (UK’s leading on-line short term lender), KupiVIP (Russia’s first online shopping club) and wooga (Europe’s leading social games developer). For more information, please visit www.balderton.com

Source: http://www.balderton.com/news/balderton-invests-in-rentify-