4490 Ventures-backed Rentable has received $22.5m in its series B round.
Rentable, a US-based rental platform backed by 4490 Ventures, the venture capital firm co-founded by Wisconsin Alumni Research Foundation, has pocketed $22.5m in a series B round.
The round was led by Susquehanna Growth Equity, a vehicle for technology and quantitative trading firm Susquehanna International Group.
Incorporated as MoveIn and formerly known as Abodo, Rentable has developed a real estate platform that allows tenants and landlords to handle the rental process with the same ease they would shop an online store.
Rentable previously secured an undisclosed amount – thought to have been almost $4m – from Novel Growth Partners and Flyover Capital in October 2019.
The company obtained $4.8m in a series A round led by 4490 Ventures in August 2016, with contributions from insurer American Family’s investment arm, American Family Ventures, and Flyover Capital.
4490 Ventures contributed to a $1.25m series A round in 2014 that was led by American Family Ventures and also featured Lakewest Venture Partners.
