Rentberry 1

Rent safely. The first global home rental platform with full automation!

Print
Follow Claim My Business
Security Type
SAFE
Categories
Technology, Real Estate, Financial Services
Min Investment
$20
Location
SAN FRANCISCO, CA
Offering Date
May 29, 2020
Expected Close Date
November 14, 2023
Target Raise
$50.00K-$4.76M
No. Investors
1
Security Price
$1
Deal Notes

20% discount

$25K+ voting & pro rata right threshold

Valuation
$9,000,000
Website
rentberry.com
Number of Employees
30
Cash
$5,381,095
Revenue
$289,861
Short Term Debt
$16,586
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-4,812,554

Company Description

Rentberry is the first rental platform that allows for all the rental tasks to be done in one place. It offer patented transparent rental application and price negotiation technology. Rentberry automates all the standard rental tasks from submitting personal information, custom offers and attending virtual tours to eSigning rental agreements and sending maintenance requests. All data is stored in the cloud and can be accessed at anytime.

Perks

$500+ for Free for life: tenant applications and landlord membership $1,000+ Free for life: unlimited property promotion and agent/broker membership $5,000+ VIP Investor: user/property designation on the platform as “VIP Rentberry Investor”. Access to the special “Investor Portal”.

Key Deal Facts

BEST PERFORMING CAMPAIGN. DOING REG-D FILING. YOU CAN STILL INVEST! 6M+ properties in 40+ countries. $10M+ already raised. Investors: Zing Capital, 808 Ventures, Beechwood Ventures, and angels from Google, McKinsey and CBRE 900K users in 2019. 231K monthly active users. 213% transaction growth in 2019 alone. $7 billion market opportunity. 2020 Projected Revenue: $5M. Featured on Forbes, WSJ, Inc, Fox, ABC, and more. More than 30 leading industry partnerships.

Use of Proceeds

If $100,000 is raised:

30% - IT Development. Rentberry plans to continuously introduce new features, user interfaces, and support Web, iOS and Android apps.30% - Business Development and Partnerships. Rentberry already partnered with more than 30 companies. The key to success is stellar business development, which we have and in which we invest from the first day.30% - Marketing and sales. Rentberry will continue to run its marketing efforts on a lean, cost-efficient basis, and keep user acquisition costs to one of the lowest in the industry.7.5% - Wefunder fee.2.5% - Administration and Operations. Rentberry is running a lean, cost-effective start-up and plans to continue to do so in the future. However, to compete in the real estate ecosystem at the highest levels, we will need funds for accounting and administrative activities. This includes monthly bookkeeping, office rent, and subscription to various services that make business processes more efficient (Zoom, Quickbooks, etc.).

If $1,070,000 is raised:

30% - IT Development. Rentberry plans to continuously introduce new features, user interfaces, and support Web, iOS and Android apps. 25% - Business Development and Partnerships. Rentberry already partnered with more than 30 companies. The key to success is stellar business development, which we have and in which we invest from the first day. 25% - Marketing and sales. Rentberry will continue to run its marketing efforts on a lean, cost-efficient basis, and keep user acquisition costs to one of the lowest in the industry. 7.5% - Wefunder fee. 6% - Administration and Operations. Rentberry is running a lean, cost-effective start-up and plans to continue to do so in the future. However, to compete in the real estate ecosystem at the highest levels, we will need funds for accounting and administrative activities. This includes monthly bookkeeping, office rent, and subscription to various services that make business processes more efficient (Zoom, Quickbooks, etc.). 5% - Legal. One of our primary focuses when starting this company was to establish a solid legal foundation for Rentberry. That is why Rentberry is now engaged with some of the best legal teams, including Pepper Hamilton LLP (general corporate counsel) and RedBrick IP (intellectual property and patent counsel). 1.5% - Bug Bounty Program. Our goal is to make sure our platform will adhere to the highest security standards and have a minimal number of bugs. Even though we currently have one of the best engineering teams, we do understand that it is crucial to reward the public for helping us build a platform with as few flaws as possible.

Management Team / Advisory Board Bios

Oleskiy Lyubynskyy CEO UC Berkeley grad & former investment banker, who co-founded CityHour in 2012. Won "Innovation Award" at the MacWorld 2014 conference. Sold the technology in 2015. Previously at Deloitte and Cisco. Lily Ostapchuk CPO Managed and operated a number of rental properties. Product launch and marketing expert with deep knowledge of how to position and scale the product. Alex Kotovskov Head of Design Distinguished UI/UX web and mobile designer, whose products won numerous awards and received international recognition.

Deal Notes

20% discount

$25K+ voting & pro rata right threshold

Amount Raised : $1,812,740
Reveal the Score by Voting
_
0
Business Idea
Business Traction
Management Team
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments