RentSpree raises $17.3 million

Rental management software provider RentSpree closed $17.3 million in Series B funding led by Green Visor Capital, with participation from Rally Ventures, the California Association of REALTORS, Venture MLS, ECG-Research, KEC Ventures, Gaingels, 645 Ventures, and Vesta Ventures.

Founded in 2016, the California-based startup recently reached one million users across the country as a result of partnerships with more than 250 of the nation’s top multiple listing services, associations, brokerages, and proptech platforms.

Last year, RentSpree announced a partnership with Sure to offer renters insurance to users directly via its platform.

“From RentSpree’s start, we wanted to create an easier and more effective process to qualify renters. In time, we realized that we were only scratching the surface of unmet needs within the market, such as streamlining marketing, facilitating payments, and helping consumers build wealth. With the introduction of new tools and plans for strategic partnerships in today’s hot rental market, it is our goal over the next 24 months to have 30%+ of all active U.S. agents leveraging RentSpree, and together, we will assist millions of rental clients annually.” – Michael Lucarelli, CEO of RentSpree.