Rentable, formerly known as ‘ABODO’ is a digital platform that operates a marketplace for rental properties. The platform mainly targets a younger clientele, primarily focusing on the Gen Z segment. In addition to this, the platform also provides tools for property managers, which facilitate the digitization of the leasing processes such as market positioning and pricing, listing and ad management, and lead management.
Rentable claimed that its revenue had doubled year-over-year during 2020. The company also stated that it became profitable during the same year.
Rentable raised USD 22.5 million in Series B funding in August 2021, led by Susquehanna Growth Equity, to develop new products and expand its workforce across sales, engineering, product, and business development teams over the next year. In addition to this, the company also intends to strengthen its executive team, by appointing Vice Presidents (VPs) for the People, Product, Growth, Finance, and Customer Success verticals.
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