About reNFT
reNFT is a company based in Phoenix (United States) founded in 2020 by Nick Vale. reNFT has raised $6.5 million across 2 funding rounds from investors including Gemini, Animoca Brands and The Sandbox. reNFT offers products and services including reNFT SDK, Rental Marketplace, and Scholarship Automation. reNFT operates in a competitive market with competitors including Playdex, UNITBOX, Rentero, StreamMoney and RentaFi, among others.
- Total Equity Funding$6.5M (USD)
in 2 rounds
- Latest Funding Round$5M (USD), Series A
Jul 2022
- InvestorsGemini
& 14 more
Products & Services of reNFT
reNFT offers a comprehensive portfolio of products and services, including reNFT SDK, Rental Marketplace, and Scholarship Automation.
Enables seamless integration for NFT rental functionalities in applications.
Facilitates collateral-free rentals of digital assets like games and art.
Automates earnings splits for NFT-based scholarships in gaming.
Funding Insights of reNFT
reNFT has successfully raised a total of $6.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2022. 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 $6.5M
- Total Rounds 2
- Last Round Series A — $5M
- First Round $1.5M
(Oct 2021)
- Investors Count 15
All 2 funding rounds of reNFT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $5M | Series A | – | gCC, Mechanism Capital | |
| Oct 2021 | $1.5M | Seed | – | Animoca Brands |
15 investors in total: 15 institutional.
Investors in reNFT
reNFT has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Gemini, Animoca Brands and The Sandbox.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain startups are invested in by gCC venture capital fund. | – | gumi-cryptos.com | San Francisco, United States | |
Venture capital firm focused on non-fungible tokens and associated assets | – | sfermion.io | Chicago, United States | |
Morningstar Ventures is engaged in digital asset and blockchain investments. | – | morningstar.ventures | Dubai, United Arab Emirates | |
Blockchain startups are targeted for investments by OP Crypto. | 2021 | opcrypto.vc | New York, United States | |
Platform offering crypto exchange solutions | 2014 | gemini.com | New York, United States | |
NFT-based virtual metaverse is developed for user-owned experiences. | 2018 | sandbox.game | Montreal, Canada | |
Blockchain-based web3 marketplace | 2017 | opensea.io | New York, United States | |
Social and community-driven gaming solutions are developed and published. | – | everyrealm.com | New York, United States | |
Investment is focused on blockchain and digital asset technologies. | – | fourthrevolution.capital | - | |
Manages property licensing through a dedicated platform. | 2017 | metastreet.co.uk | London, United Kingdom |
Investor details for reNFT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of reNFT
3 people are tracked at reNFT (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Nick Vale | Co-Founder | Leadership |
Rod O. | Marcomms Commander | Team |
Luka Krcmar | Product Designer | Team |
Complete people profiles for reNFT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of reNFT
3 dated milestones of reNFT across 2 years, from founding to its latest funding, stage changes and deals.
- Founded reNFT is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $5.0M.
Competitors of reNFT
reNFT 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 Playdex, UNITBOX, Rentero, StreamMoney and RentaFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| playdex.io | 2021 | Sacramento, United States | $2M | – | NFTs are rented and traded on an online marketplace platform. | |
| unitbox.io | 2021 | Limassol, Cyprus | – | – | Manages a digital hub for NFT rental protocols in the GameFi ecosystem. | |
| rentero.io | 2021 | Singapore | – | – | NFTs are lent and rented via a specialized platform. | |
| streamnft.tech | 2021 | Bengaluru, India | – | – | NFT financialization and conditional ownership protocol | |
| rentafi.org | 2022 | Tokyo, Japan | – | – | Offers an online platform for renting utility NFTs, with no funding raised yet. | |
| webuynft.xyz | 2022 | Jakarta, Indonesia | – | – | Lending and renting platform for NFTs |
Detailed competitors of reNFT
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of reNFT
The website of reNFT (renft.io) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 92.8% vs previous month
Latest news on Renft
Complete news archive for reNFT
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to reNFT
10 companies that operate in the same segment as reNFT (Non Fungible Tokens), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
A gaming platform for user-generated content is operated. | 2005 | San Mateo, California, United States | USD 918.2 M | USD 4.89 B | 2,470 | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Hike is involved in building innovative digital solutions. | 2012 | Delhi, Delhi, India | USD 261 M | USD 46.84 M | 92 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – | |
NFT-based virtual metaverse is developed for user-owned experiences. | 2018 | Montreal, Quebec, Canada | USD 115.01 M | – | – | |
Blockchain-based games developer for PC and console | 2018 | Vancouver, British Columbia, Canada | USD 665.59 M | – | – | |
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | – | 44 |
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Frequently Asked Questions about reNFT
reNFT was founded in 2020 and raised its 1st funding round 1 year after it was founded.
reNFT is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
reNFT is a funded company, having raised a total of $6.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Oct 2021.
reNFT was established in 2020 in Phoenix, United States, as an online platform in the NFT sector. A peer-to-peer marketplace is provided for users to lend and rent non-fungible tokens. Multiple NFTs can be rented simultaneously with durations customized by users. Additional features such as NFT rewards and platform updates are included to support operations.
reNFT's top competitors include Playdex, StreamMoney and Rentero.
reNFT offers reNFT SDK, Rental Marketplace, and Scholarship Automation.
reNFT has 15 investors. Key investors include Gemini, Animoca Brands, The Sandbox, OpenSea, and Every Realm.