Rentman, a Dutch software company providing SaaS solutions for the events and media production industry, has raised $22 million (€20 million) in a growth equity investment from Expedition Growth Capital, a private equity firm based in London. Rentman’s cloud-based software helps companies efficiently manage their equipment and crew for events and media productions.
The funding will be used to accelerate customer-oriented investments, strategic acquisitions, and Rentman’s platform development roadmap.
The company, founded in 2015, serves over 250,000 users across more than 100 countries and recently added integrated RFID functionality to its platform.
Key Points:
- Rentman raised $22 million in a growth equity investment from Expedition Growth Capital.
- The funding will support customer-oriented investments, strategic acquisitions, and platform development.
- Rentman’s cloud-based software helps companies manage equipment and crew for events and media productions.
- The company serves over 250,000 users across more than 100 countries and recently added RFID functionality to its platform.
- The funding will help accelerate Rentman’s expansion plans, particularly in North America and Europe.
Quotable:
Rentman CEO and Founder Roy van den Broek said, “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.”
Significance of the Funding:
The $22 million investment will enable Rentman to accelerate its growth plans, focusing on expanding its customer base and enhancing its software platform. The company aims to meet the increasing demand for its services across North America, Europe, and other key regions.
Industry Impact:
Rentman’s SaaS solutions play a crucial role in addressing the complex needs of the events and media production industry. The company’s platform facilitates the efficient management of equipment and crew, supporting various projects from corporate live streaming broadcasts to large-scale music festivals and film productions.
Future Plans:
The funding will provide Rentman with the capital and support needed to execute its strategic plans for growth. The company aims to continue delivering innovative solutions to its users and further solidify its position in the market.
About Rentman:
Rentman, founded in 2015, was established to address the challenges of legacy software in the events and media production industry. The company’s platform integrates equipment and crew management, offering a comprehensive solution for professionals in the field. Rentman serves a global customer base, and the recent funding will support its expansion and development efforts.
About Expedition Growth Capital:
Expedition Growth Capital is a private equity firm based in London, England, with a focus on investing in and supporting growth-stage technology companies. The firm provides capital and strategic support to companies with strong growth potential, helping them achieve their expansion goals.
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