# RentSpree

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

- Industry: Commercial Property
- Headquarters: US
- Website: www.rentspree.com
- Total disclosed funding: $27M
- Latest round: Series B (Aug 12, 2022)
- Investors on record: 12

## About

RentSpree, Inc. offers efficient digital solutions that simplify the rental process for agents, landlords, and renters, enhancing tenant screening and payment processing.Founded in 2016 in the United States, RentSpree, Inc. specializes in providing a comprehensive rental platform. The company is co-founded by Michael Lucarelli and Paul Sirisuphang, with Michael Lucarelli serving as the CEO. RentSpree has successfully completed 4 deals, with the most recent funding round being a Series B in August 2022, where the company raised USD 16.80 mn, led by Green Visor Capital, alongside various other investors. The firm operates from its headquarters in the US.RentSpree delivers a robust suite of digital tools designed to streamline the rental process for agents, landlords, and tenants. Key offerings include online tenant screening services, secure rent payment processing, and a mobile-friendly rental application platform. The tenant screening service incorporates comprehensive background checks powered by TransUnion, covering credit reports, eviction history, and income verification. This suite of solutions is tailored for real estate professionals in the United States, seeking to enhance efficiency in the tenant leasing process.RentSpree generates revenue through a fee structure associated with its tenant screening and payment services. While account creation for agents and landlords is free, additional services incur specific fees: credit reports cost USD 39.99, and income verification costs USD 10. This model facilitates business-to-business interactions primarily with real estate professionals, enhancing their operational efficiency in tenant verification.In August 2022, RentSpree, Inc. raised USD 16.80 mn in Series B funding, led by Green Visor Capital, to expand its platform and product offerings. The company plans to leverage this funding to enhance its existing services and potentially introduce new products. There are intentions to explore further geographical expansion, although specific regions or markets have yet to be disclosed.

## Funding rounds

- Series B, Aug 12, 2022, $17M — Rally Ventures, KEC Ventures, Green Visor Capital, 645 Ventures, Gaingels, Vesta Ventures, Venture MLS, California Association of Realtors, ECG Venture Capital
- Series A, Jul 21, 2021, $8M — Lowy Family Group, Green Visor Capital, 645 Ventures, Vesta Ventures
- Seed, Feb 21, 2020, $2.3M — Amplify, TenOneTen Ventures, 645 Ventures

## Investors

- Amplify (https://capitalatlas.ai/funds/amplify) — Seed
- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed
- 645 Ventures (https://capitalatlas.ai/funds/645-ventures) — Seed, Series A, Series B
- Lowy Family Group — Series A
- Green Visor Capital (https://capitalatlas.ai/funds/green-visor-capital) — Series A, Series B
- Vesta Ventures (https://capitalatlas.ai/funds/vesta-ventures) — Series A, Series B
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Series B
- KEC Ventures (https://capitalatlas.ai/funds/kec-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Venture MLS (https://capitalatlas.ai/funds/venture-mls) — Series B
- California Association of Realtors — Series B
- ECG Venture Capital (https://capitalatlas.ai/funds/ecg-venture-capital) — Series B