8 years ago

OpenRent Raises £4.4 Million to Scale its Online Letting Platform

  • OpenRent, a UK-based online letting agent, has raised £4.4 million in funding from Rocket Internet's venture arm Global Founders Capital

  • OpenRent offers a cheaper alternative to traditional high street letting agents, providing services to landlords and tenants, including property advertising and tenancy creation and management tools

  • The company claims to be the biggest letting agent in the UK, with 50,000 properties for rental advertised last year

  • The new capital will be used to grow the team, specifically developers who can accelerate product development and help the startup build new features enabled by the scale it says it has now reached.

      • ProblemTechnology

      "Landlords in the UK were facing a difficult and expensive process to find tenants and manage their properties."

      Solution

      "OpenRent is an online letting agent that provides landlords with a cheaper and more efficient way to find tenants and manage their properties. OpenRent is a cheaper alternative to high street letting agents and offers features like tenant find, contracts, reference checking, and gas and electrical safety."

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