Farukh Kitchlew | Feb 19, 2024 | 0
Rentman Raises €20M to Revolutionize Events
Utrecht-based Rentman, a leading software provider catering to the events and media production industry, has recently secured a substantial €20 million growth equity investment from Expedition Growth Capital. This marks a pivotal moment for Rentman as it gears up to enhance its platform and meet the increasing demands of its global clientele.
In 2011, CEO Roy van den Broek founded Rentman to empower companies and teams involved in events and media productions. The cloud-based software efficiently manages critical resources such as equipment and crew, addressing the complex needs of the industry. With over one million projects successfully delivered using Rentman’s platform in the past year, the company serves over 3,700 customers across 100 countries, boasting over 250,000 users.
Over the past year, Rentman’s platform has facilitated over a million projects, ranging from corporate live streams to major music festivals and blockbuster film productions. With a global presence, Rentman proudly serves over 3,700 clients in over 100 countries, impacting 250,000 users worldwide.
The recent €20 million investment, the first external capital since its inception, will fuel Rentman’s strategic initiatives. Founder Roy van den Broek emphasizes that the funding will be channeled toward customer engagement, strategic acquisitions, and further platform capabilities enhancements.
Expedition Growth Capital’s Will Sheldon, now a part of Rentman’s Board of Directors, commended Rentman’s profitability, rapid growth, and ambitious company culture. He emphasized the platform’s reputation as an industry leader, critical for managing complex workflows in the demanding events and media production sector.
CEO Roy van den Broek expresses enthusiasm for this new phase, stating,
“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.”
Rentman’s recent funding sets the stage for a transformative journey, solidifying its position as a global leader in providing innovative solutions for the dynamic events and media production industry.