[Funding alert] Utrecht-based Rentman Secures €20 Million in Funding

With cloud-based software, Rentman allows the organisations and groups that organise events and media to effectively manage their two most important resources: personnel and equipment.

Read also - London-based Runna Secures £5M in Funding

CEO Roy van den Broek, who had previously owned and run an audio-visual equipment rental business and understood firsthand how painful old software might be, established Rentman.

As the first software as a service ( also known as SaaS ) solution to combine crew and equipment management, Rentman was introduced to the market in 2015 to meet the complicated needs of media and event production. The platform just received integrated RFID capabilities and a stand-alone Crew Management product.

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, 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.”

Will Sheldon, Partner at Expedition Growth Capital said, “Rentman is profitable, growing rapidly, and has a strong, ambitious company culture, who has joined Rentman’s Board of Directors. “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.”

About Rentman

Teams that rent out events can operate more efficiently with Rentman, an all-in-one solution. Thousands of event professionals use Rentman to plan and execute both big and small events, from one-man shows to massive production firms.

Read also - Microsoft’s $3.2 bln UK Investment into Britain