Rentberry

Rentberry

Growth Stage

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

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

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/28/2020

Close Date

06/29/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$34,516

# of Investors

1,862

Momentum
Funded
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Year Founded

2015

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

San Fransisco, California

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

Financials as of: 05/28/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rentberry 11/13/2023 Republic $35,000,000 $4,759,422 SAFE Funded RegCF
Rentberry 02/08/2023 StartEngine $85,095,846 $242,908 Equity - Common Funded RegCF
Rentberry 11/13/2022 StartEngine $50,278,451 $0 Equity - Common Not Funded RegCF
Rentberry 11/03/2022 StartEngine $25,000,000 $12,416,789 Equity - Common Funded RegA+
Rentberry 06/28/2020 Wefunder $9,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Rentberry on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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