Rentberry

Neutral
BETA

Rent safely. The first global home rental platform with full automation!

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

05/29/2020

Close Date

06/29/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$9,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

06/30/2020

Days Remaining
Funded
% of Min. Goal

1,070%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$34,516

# of Investors

1,862

Momentum
Funded
Location

San Fransisco, CA

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Rentberry, with a valuation cap of $9 million, is raising funds on Wefunder. It is a fully-automated global home rental platform. The application brings the tenants and landlords together and provides services like property marketing, tenant screening, rental auction, e-contracts, rental payments, and online data storage. Rentberry was founded by Oleskiy Lyubynskyy in 2015 and has raised over $6 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for IT development, business development, marketing and sales, and administration and operations. Rentberry had 900,000 users in 2019 and reported a 213% transaction growth. The company has projected its revenues to be around $5 million in 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,398,259

$1,780,431

COGS

$583

$0

Tax

$-1,631

$-992

 

 

Net Income

$1,769,739

$-960,283

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,006,637

$3,113,000

Accounts Receivable

$890,280

$0

Total Assets

$4,084,352

$3,848,173

Short-Term Debt

$412,000

$7,274,214

Long-Term Debt

$0

$0

Total Liabilities

$412,000

$7,274,214

Ratings

last updated 08/23/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Kiwibot on Wefunder

Kiwibot has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals selected into…

Crowd
Neighborhood Sun on Wefunder

The Neighborhood Sun team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…

Crowd
GROUNDFLOOR on SeedInvest

Groundfloor has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Pro
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Rentberry on Wefunder
Follow company
Follow Rentberry on Wefunder