Renterra, a modern software platform for the equipment rental industry, announced that it has raised $3 million, led by Bienville Capital. This funding round will drive Renterra’s product development, expand its market reach, and enhance customer support services, ensuring that Renterra remains at the forefront of the equipment rental industry’s digital transformation. And additional investors participating in the round include Iron Prairie Ventures, Alaris Capital, and select strategic individuals. This funding round brings Renterra’s total financing to $4 million.
Renterra has built a cloud-based operating system to streamline all aspects of the modern equipment rental company. And these offerings are accessible on any device, including a fully functional mobile application. Plus, Renterra now offers an Integrated Online Storefront that allows rental companies to bring their businesses online in minutes.
Renterra saw major growth in its first 18 months, now serving companies across the US and Canada.
KEY QUOTES:
“We are thrilled to deepen our partnership with Andy, Nick, and the Renterra team. It’s been impressive to watch Renterra empower such a large industry with AI-powered software tools and stand-out customer support.”
– Blake Bennett of Bienville Capital
“We are very excited to be on the forefront of technological innovation in an industry that has historically been wildly underserved. The response from our customers has been overwhelmingly positive and we can’t wait to use this capital to continue to bring them the best rental software on the market.”
– Andy Feis, Co-Founder and CEO of Renterra
“Renterra has been hands-down the best investment I have made for my business. It is the only software I have found that incorporates all aspects of my rental business into one convenient location. This is the future of the rental business.”
– Casey Sorensen, Owner of All Equip Rental in Utah
