Rentsync, a leading software and data company serving Canada’s rental housing industry, announced it has raised a significant growth investment led by Silversmith Capital Partners. This partnership with Silversmith enables the company to further invest in technology, expand its team, and pursue strategic acquisitions as it builds a comprehensive data, software, and analytics platform to address the challenges of Canada’s rental housing ecosystem.
With a track record of growth and profitability, Rentsync serves thousands of customers across Canada, including REITs, property management companies, and property developers. And the company offers a range of innovative products and services designed to empower owners and landlords to streamline workflows, engage tenants, and maximize property potential.
Silversmith has successful history of investing in and partnering with Canadian software companies and entrepreneurs, having led growth investments or supported acquisitions in every major region of the country, including Calgary, Montreal, Toronto, and Vancouver. And notable investments in which Silversmith served as the first institutional investor include Absorb Software and Apryse (fka PDFTron Systems).
In connection with this investment, Silversmith Senior Advisors Mike Owens, Co-Founder & former CEO of Absorb Software, and Mike Volpe, former CEO of Lola.com (acquired by Capital One) and former CMO of HubSpot, have joined Rentsync’s Board of Directors alongside Quagliaroli and Nash. And the Board also includes CEO Max Steinman and Dan Jauernig, former CEO of Apartments.com and Cars.com.
Advisors/counsel: Stikeman Elliott and Kirkland & Ellis served as legal counsel to Silversmith Capital Partners. Software Equity Group (SEG) and Borden Ladner Gervais (BLG) served as advisors to Rentsync.
KEY QUOTES:
“We are thrilled to partner with the team at Silversmith, who bring not only deep sector and operational expertise but also a successful history of backing Canadian growth companies. Silversmith’s commitment to building category-leading businesses aligns perfectly with our long-term vision to simplify and optimize the rental housing experience for owners, managers, marketers, and renters alike.”
Max Steinman, CEO of Rentsync
“As a firm, we are focused on partnering with growing, profitable businesses led by domain experts, and Rentsync embodies these attributes. We’re excited to support Max and his talented team as their first institutional investor as they continue to grow both organically and through strategic acquisitions.”
Jim Quagliaroli, Managing Partner at Silversmith
“The combination of software and data via its numerous listing sites, sticky workflow software, and data and analytics offerings make Rentsync’s value proposition clear. The best is yet to come for Rentsync and its valued customers.”
Matthew Nash, Vice President at Silversmith
