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Monday, April 29, 2024

RentSpree, a Thai start-up, wins 600 million baht in Series B capital, becoming Inc. 5000, one of the fastest growing companies in America

RentSpree is a Thai startup. which is a one-stop home rental assistance platform, started its business in 2016 as one of the real estate startups. The hottest in the US by RentSpree is a platform that brings technology to solve problems and change the home rental system in the US market. Faster and more secure, RentSpree is likely to double its business growth every year.

Most recently, in August 2022, RentSpree received over $17 million in Series B funding, or approximately 600 million baht, with Green Visor Capital, a group of investors who have been investing since the Series A round as Lead Investor, along with front-end investors. New Rally Ventures, California Association of REALTORS® (CAR), Venture MLS, ECG-Research, KEC Ventures, and Gaingels.

And in the same month, RentSpree was also ranked by Inc.5000, a ranking of the fastest growing private companies in the United States. Ranked second in the Rental Property Technology category and 625th out of 5,000 fastest growing private equity firms in the Americas. With a revenue growth rate of 1001% or more than 10 times as well.

By Mr. Ekabut Sirisupang, Director of Operations Department And one of the founders of RentSpree, Ltd. said, “Over the past six years, RentSpree has been one of the leaders that have changed the way we rent homes in the United States. We make filing home rental information easy. Meet more than 1 million homeowners, landlords and brokers

which this fundraising Help us grow our business and develop new tools. faster Our goal is Creating a new standard that makes renting a home simple, fast and transparent from start to finish. Moreover, RentSpree focuses on building a good relationship between tenants and landlords.”

Michael Walsh, partner at Green Visor Capital, added in terms of the percentage of home rentals in the US real estate market. that there is a rapid increase Especially in the past 24 months, RentSpree has been one of the technology leaders in the rental housing market. that brings new tools come in to realtors, landlords and tenants through real estate associations across America

Otto Katrina, President of the California Association of Real Estate Brokers In addition to the partnership with RentSpree, “Most of our members focus on real estate trading. But the current trend in the rental housing market has changed significantly. Buyers decide to buy houses more slowly and rent houses for longer. We have been collaborating with RentSpree over the past five years. To provide our members with access to cutting-edge home rental tools and meeting the changing trends of the real estate market. We are excited to be able to help RentSpree in the development of this real estate system.”

In addition to RentSpree will use the funds received to develop new technology tools. already given to users will also be used to develop people development or personnel development in the organization especially personnel working in the Thailand branch To encourage people to have more knowledge and skills to be equal to that of people in Silicon Valley, the world’s leading production and incubation center for IT personnel. This will allow RentSpree personnel to continue to create products that are more responsive to users.

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