Rentberry Secures Investment from 369 Growth Partners to Fuel Expansion, Drive Innovation, and Strategically Acquire WeWork
San Francisco, CA, United States, 19th Mar 2024 – Rentberry, a leading real estate technology company, is excited to announce a significant investment from 369 Growth Partners, a prominent Silicon Valley venture capital fund (source). This strategic infusion of capital is not only set to expedite Rentberry’s growth initiatives and bolster its innovative platform but is also fueling the company’s potential acquisition of WeWork, the flexible workspace provider.
“Imagine a world where you can move seamlessly between living and working spaces tailored to your needs, location, and schedule. This is the vision we are working towards,” stated Oleksiy Lubinskiy, CEO of Rentberry. “With the support of 369 Growth Partners, we plan to synergize WeWork’s coworking spaces with Rentberry’s innovative Flexible Living concept.”
The global workforce’s growing demand for flexible professional and personal environments makes WeWork’s community-oriented model an ideal match for Rentberry’s strategy. Rentberry’s Flexible Living concept enables tenants to rent furnished properties globally without security deposits for mid-term durations. This proposed merger aims to redefine coworking and co-living spaces, creating immense synergy across both domains.
The backing from 369 Growth Partners, known for their investment in groundbreaking companies such as SpaceX, Ripple, Quora, and Instacart, underscores their significant confidence in Rentberry’s vision and ability to bring innovation to the rental market. This investment empowers Rentberry to advance its mission of streamlining the rental process for millions globally, emphasizing innovation and offering greater flexibility to both tenants and landlords.
About Rentberry:
Headquartered in Silicon Valley, Rentberry is a global home rental platform operational in more than 50 countries, processing over 60 million properties on a yearly basis. The company leverages big data and artificial intelligence (AI) to facilitate an efficient, user-friendly, and transparent property rental experience. As Rentberry continues to expand its global footprint, it remains dedicated to offering innovation and flexibility to both tenants and landlords.
About 369 Growth Partners:
Established in 2020, 369 Growth Partners, also known as “369GP,” is a visionary venture capital firm with dual headquarters in Houston, Texas, and Silicon Valley, California. 369GP invests in disruptive startups that showcase fast-growth business models and a clear trajectory toward profitability and market dominance. Catering to companies from seed to late-stage development, 369GP has curated a robust investment portfolio, currently valued in excess of $250 billion.
For media inquiries, please contact Rentberry’s Media Relations Department at [email protected].
Media Contact
Organization: Rentberry Inc.
Contact Person: Kate Barneveld
Website: https://rentberry.com/
Email: Send Email
City: San Francisco
State: CA
Country: United States
Release Id: 19032410552
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