Overview

Rentable runs an online marketplace for apartment rentals focused on the multifamily housing sector. It connects renters with available properties through Rentable.co and provides property managers with targeted advertising and data-driven insights via ApartmentIQ. Users (renters) get a streamlined search and application experience, while property management companies receive tools to attract qualified tenants and optimize occupancy and rental income. Revenue comes from fees for advertising and data services. The company differentiates itself by pairing a renter-focused marketplace with data-backed advertising solutions and market intelligence tailored to multifamily property managers. Rentable’s goal is to help renters quickly find suitable homes and help property managers efficiently fill units and maximize rental revenue.

Simplify's Take

What believers are saying

• Rentable achieved profitability in 2020 with revenue doubling year-over-year.
• $22.5M Series B from Susquehanna Growth Equity in August 2021 fueled expansion.
• Total funding exceeds $32.5M from American Family Ventures and Flyover Capital.

What critics are saying

• Zillow's Apartments.com holds 70% market share, diverting renters immediately.
• Apartments.com's AI tool mimics ApartmentIQ, undercutting data revenue since March 15.
• California AB-2747 halts ApartmentIQ data scraping effective July 1.

What makes Rentable unique

• Rentable offers ApartmentIQ for competitive intelligence on 40 million units.
• Rentable.co provides targeted advertising to multifamily property managers.
• Rentable launched full-service security deposit management app.

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Funding

Total Funding

$30.9M

Below

Industry Average

Funded Over

5 Rounds

$22,500,000

Series B

Aug 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$22.5M

$30M

$45M

$65M

$100M

View all funding stages