Rentman, a software provider based in Utrecht and serving the events and media production industry, has secured a €20M growth equity investment from Expedition Growth Capital. This London-based firm specializes in software and offers both capital and operational expertise to support founders in achieving market leadership.
As part of this investment, Will Sheldon, a Partner at Expedition Growth Capital, has been appointed to Rentman’s Board of Directors.
Sheldon commented on the investment, praising Rentman for its profitability, rapid growth, and dynamic company culture. He noted the strong endorsement from Rentman’s customers, who regard it as an industry-leading platform essential for managing complex workflows in the demanding events and media production sector.
Looking forward to the future, Sheldon expressed excitement about Rentman’s potential and the opportunity to collaborate with the company on its growth trajectory.
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A Web-Based Rental Software Solution Provider
Established in 2011 by Roy van den Broek, Rentman offers cloud-based software solutions designed to streamline equipment and personnel management for businesses and teams in the events and media production sector.
Van den Broek’s background includes running an audio-visual equipment rental company, giving him a deep understanding of the industry’s challenges, particularly with outdated software systems.
The company currently offers three distinct modular products: Rental Business Management, which serves as an operating system for rental companies; Inventory Management, catering to event and production gear needs; and Crew Management, a solution specifically designed for scheduling and managing workforce in the events and production arena.
Over the past year, the software provider has supported more than a million projects, encompassing a wide range from corporate live streams to large-scale music festivals and high-profile film productions.
The company takes pride in its global reach, having supported a diverse array of projects for over 3,700 clients in more than 100 countries, ultimately serving 250,000 users worldwide.
Funding Usage
Rentman’s recent funding represents the first external capital infusion since its founding. The company plans to allocate these resources towards initiatives focused on customer engagement, strategic acquisitions, and enhancing its platform’s capabilities.
Founder Roy van den Broek expressed enthusiasm about this new phase for the company, emphasizing the startups commitment to providing top-notch software for events and media production professionals. He takes pride in how Rentman’s platform helps users create memorable productions.
Van den Broek also noted a growing demand in North America, Europe, and other key markets. He believes that the investment and the specialized partnership with Expedition Growth Capital will be instrumental in accelerating Rentman’s growth and development strategies.
