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
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- Legal Name Openrent Ltd
- Date of Incorporation 23 Aug, 2011
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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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People of OpenRent
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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.
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.
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Venture capital firm focused on early-stage startups
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Magazines and newspapers are published by the group.
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Investor details for OpenRent
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Investments & Acquisitions by OpenRent
Investment portfolio details for OpenRent
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Financial Statements - OpenRent
Detailed financials for OpenRent
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Openrent Comparisons
Peer comparison for OpenRent
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Residential properties are listed and brokered through an online platform.
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Rental properties are brokered online for seekers and owners.
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Technology platform for real estate transactions and mortgages is provided.
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A platform for residential property buying is facilitated by PropTiger.
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Online brokerage for residential properties is facilitated via mobile apps.
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Online brokerage firm for buying/selling of real estate properties
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Detailed competitors of OpenRent
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Latest news on Openrent
Complete news archive for OpenRent
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Frequently Asked Questions about OpenRent
OpenRent was founded in 2012 and raised its 1st funding round 2 years after it was founded.
OpenRent is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
OpenRent is a funded company, having raised a total of $7.3M across 2 funding rounds to date.
As of May 31, 2021, the latest employee count at OpenRent is 27.
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.
OpenRent's top competitors include Square Yards, QuintoAndar and Redfin.
OpenRent has 2 investors. Key investors include Northern & Shell, and Global Founders Capital.
The valuation of OpenRent is $5.3M as of Aug 2014.