Rentle greets Specialist VC as their new investor, increasing their seed round to € 6 million
Photo: Team Rentle
Rentle is the circular commerce platform enabling brands & retailers to transform their products into recurring revenue with effortless rentals, subscriptions, buybacks, trade-ins, resales, and more. From inventory and store management to sales channel and payments, Rentle is now helping more than 20,000 merchants and has served more than 1,000,000 end users in more than 40 countries.
In September 2022 Rentle raised $3.8 million seed round investment, including Tera Ventures as one of the investors. Now, in July 2023 Rentle has secured investments also from Specialist VC and Founders Future, increasing their seed round to 6 million euros. The seed round will fund expanding their team to support product development to meet the demands of existing and new merchants.
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Photo credit: Amin Hasani on Unsplash / Rentle