About OpenRent
OpenRent is a company based in London (United Kingdom) founded in 2012.. OpenRent has raised $7.3 million across 2 funding rounds from investors including Northern & Shell and Global Founders Capital. The company has 27 employees as of May 31, 2021. OpenRent operates in a competitive market with competitors including Redfin, QuintoAndar, Square Yards, PropTiger and Compass, among others.
- Headquarter London, United Kingdom
- Employees 27 as on 31 May, 2021
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Openrent Ltd
- Date of Incorporation 23 Aug, 2011
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.3 M (USD)
in 2 rounds
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Latest Funding Round
$5.4 M (USD), Series A
Mar 03, 2017
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Investors
Northern & Shell
& 1 more
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Employee Count
27
as on May 31, 2021
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Product Management Team
8 people
Founder Team
1 people
Human Resources and Administration
1 people
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Funding Insights of OpenRent
OpenRent has successfully raised a total of $7.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.4 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.4M
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First Round
First Round
(18 Aug 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - OpenRent | Valuation |
investors |
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| Aug, 2014 | Amount | Seed - OpenRent | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenRent
OpenRent has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Northern & Shell and Global Founders Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Magazines and newspapers are published by the group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenRent
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenRent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openrent Comparisons
Competitors of OpenRent
OpenRent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redfin, QuintoAndar, Square Yards, PropTiger and Compass, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Rental properties are brokered online for seekers and owners.
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| domain | founded_year | HQ Location |
Technology platform for real estate transactions and mortgages is provided.
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| domain | founded_year | HQ Location |
A platform for residential property buying is facilitated by PropTiger.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
Online brokerage firm for buying/selling of real estate properties
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openrent
Frequently Asked Questions about OpenRent
When was OpenRent founded?
OpenRent was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is OpenRent located?
OpenRent is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is OpenRent a funded company?
OpenRent is a funded company, having raised a total of $7.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.9M, raised on Aug 18, 2014.
How many employees does OpenRent have?
As of May 31, 2021, the latest employee count at OpenRent is 27.
What does OpenRent do?
OpenRent was founded in 2012 in London, United Kingdom, and operates within the property rental sector. An online platform is provided to connect tenants and landlords, with services including enquiry management, contract signing, and deposit handling. Landlord options range from free basic services to 49 for advertising and tenancy setup. A 20 fee is charged to tenants for referencing when requested by landlords.
Who are the top competitors of OpenRent?
OpenRent's top competitors include Square Yards, QuintoAndar and Redfin.
Who are OpenRent's investors?
OpenRent has 2 investors. Key investors include Northern & Shell, and Global Founders Capital.
What is OpenRent's valuation?
The valuation of OpenRent is $5.3M as of Aug 2014.
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