# Futurerent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/futurerent

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.futurerent.com.au
- Total disclosed funding: $7.9M
- Latest round: Series A (Feb 23, 2023)
- Investors on record: 14

## About

Based in Sydney, Australia, and founded in 2019 by Godfrey Dinh, Future Rent Pty Ltd, a.k.a. Futurerent operates as a financial technology that enables a property owner to have the rental fee in advance. In July 2022, Future Rent Pty Ltd raised AUD 9 million in a Series A funding led by OIF Ventures.

The company provides a digital platform, offering a loan-free financing solution with no hidden charges, no interest, and no credit impact. The platform enables property investors to access up to USD100,000 of their rent, paid in advance.

The company generates revenue from charging a fixed cost of 7.5% per year on the rent advanced.

Futurerent plans to use its proceeds from July 2022 funding to expand its national presence, launch new products, and build further integrations.

## Funding rounds

- Series A, Feb 23, 2023, $0.5M — Second Century Ventures, Marathon Road Pty Limited, Wanganui Pty. Ltd
- Series A, May 30, 2022, $6.4M — Second Century Ventures, Bridgelane Group, OIF Ventures, Mulpha International, iPartners Pty Ltd, Simis Capital, 3i Partners, MFO Investments, Reach Asea Holdings Pty Ltd, Startup Galaxy Nominee Pty Ltd, Marathon Road Pty Limited, Wanganui Pty. Ltd, Morehead Investments Pty Ltd, Muhlbauer Investments Pty Ltd
- Seed, Mar 14, 2019, $1M — OIF Ventures, Simis Capital, Marathon Road Pty Limited, Wanganui Pty. Ltd, Morehead Investments Pty Ltd, Muhlbauer Investments Pty Ltd

## Investors

- OIF Ventures (https://capitalatlas.ai/funds/oif-ventures) — Seed, Series A
- Simis Capital — Seed, Series A
- Marathon Road Pty Limited — Seed, Series A
- Wanganui Pty. Ltd — Seed, Series A
- Morehead Investments Pty Ltd — Seed, Series A
- Muhlbauer Investments Pty Ltd — Seed, Series A
- Second Century Ventures (https://capitalatlas.ai/funds/second-century-ventures) — Series A
- Bridgelane Group — Series A
- Mulpha International — Series A
- iPartners Pty Ltd — Series A
- 3i Partners (https://capitalatlas.ai/funds/3i-partners) — Series A
- MFO Investments — Series A
- Reach Asea Holdings Pty Ltd — Series A
- Startup Galaxy Nominee Pty Ltd — Series A