Utrecht-based Rentman, a software company catering to the events and media production sector, has raised €20M in growth equity funding from Expedition Growth Capital.
Expedition Growth Capital is a London-based software-focused equity firm providing capital and operational expertise to help ambitious founders on their journey to category leadership.
With this deal, Will Sheldon, Partner at Expedition Growth Capital, has joined Rentman’s Board of Directors.
Sheldon says, “Rentman is profitable, growing rapidly, and has a strong, ambitious company culture. It was clear when speaking with Rentman’s customers that Rentman offers an industry-leading platform that underpins complex workflows in this highly demanding industry.”
“There is an exciting roadmap ahead and we are thrilled to be partnering with Rentman on this journey.”
An online rental software provider
Founded in 2011 by Roy van den Broek, Rentman provides cloud-based software to empower companies and teams in the events and media production industry to efficiently manage their equipment and personnel.
Van den Broek, previously owned and operated an audio-visual equipment rental company, providing him firsthand experience with the challenges posed by legacy software in the industry.
Currently, the company provides three modular products: Rental Business Management, an operating system for rental companies; Inventory Management, a solution for event and production gear; and Crew Management, a planning and workforce management solution tailored for events and production teams.
In the past year, the platform facilitated over a million projects, ranging from corporate live streams to major music festivals and blockbuster film productions.
Rentman boasts of facilitating diverse projects for over 3,700 customers across 100+ countries, serving 250,000 users.
Capital utilisation
This marks Rentman’s inaugural external capital since its inception. The funds will be directed towards customer-centric initiatives, strategic acquisitions, and advancing the company’s platform development.
Van den Broek says, “This investment marks the start of an exciting new chapter for Rentman. We believe that events and media production professionals deserve incredible software, and we are proud that our platform enables our users to deliver unforgettable productions.”
“We see increasing demand across North America, Europe and our other key regions, and the capital and specialist partnership from Expedition will allow us to accelerate our plans.”
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